Tag Archives: faces

GE faces 2nd dividend cut since Great Depression

Jeff Immelt steps down as CEO of General Electric 1. GE’s cash crunch: General Electric in such financial stress that it may soon do the unthinkable: cut its beloved dividend. John Flannery, GE’s new chief executive, is under enormous pressure to restore confidence in a company facing a serious cash crunch and a nosediving stock price. One-third of GE’s market value has vanished this year, making it the biggest Dow loser by a long shot. GE(GE) is holding an investor update on Monday to detail a strategy to stabilize the ...

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Theresa May faces fresh reshuffle after Priti Patel resignation

Theresa May is facing a second cabinet reshuffle in a week, as she comes under pressure to say what the Foreign Office knew of Priti Patel’s visit to Israel. Ms Patel resigned as international development secretary on Wednesday after holding a series of unauthorised meetings with Israeli officials. In a letter to the PM, she said she had lacked “transparency and openness”. However, Labour has now called on Mrs May to say when government officials knew about the undisclosed meetings. Ms Patel resigned having been told by the prime minister ...

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Harvey Weinstein faces losing CBE amid sexual assault allegations

Harvey Weinstein could be stripped of his CBE following allegations of sexual assault made against the Hollywood producer, the BBC understands. The removal of the honour is believed to be being “actively considered” by the government’s Honours Forfeiture Committee for the first time. He was awarded an honorary CBE for outstanding contribution to the British film industry in 2004. Bafta has already suspended Weinstein’s membership. A Cabinet Office spokesman said forfeiture action “is confidential” and he could not comment on whether a specific case was being considered by the committee. ...

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Former HSBC trader faces 20 years for running up client fees

Martin Shkreli guilty of securities fraud A former top currency trader at HSBC faces up to 20 years in federal prison after being found guilty of conspiracy and wire fraud Monday. The federal court jury in Brooklyn found the 51-year old trader, Mark Johnson, guilty of executing trades in a way that drove up costs for a client. As a result, one client was charged an extra $ 8 million on $ 3.5 billion in currency trades, according to court documents. Johnson, a U.K. citizen and resident of both the ...

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Hurricane Ophelia: UK faces more storm disruption

Winds of more than 70mph and heavy rain are hitting parts of Scotland and England as remnants of Hurricane Ophelia continue to affect the UK. All schools in Northern Ireland and the Republic of Ireland remain closed for a second day as the clean-up begins. In Ireland some 245,000 customers are without electricity, while 3,600 homes are without power in Northern Ireland and 4,000 in north Wales. Three people were killed in the storm in the Irish Republic on Monday. The Met Office has issued a yellow “be aware” wind ...

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Follow live: Indians ace Kluber faces Yanks, Sabathia in Game 2

Indians slugger Edwin Encarnacion had to be helped off the field after hurting his lower right leg in what looked to be a pretty gruesome injury to end the first inning. Encarnacion was doubled up to end the the first when Yankees shortstop Didi Gregorius made a catch on line drive and dove into second glove first into second. Encarnacion tried to scamper back, but awkwardly landed on the bag. Andrew Marchand, ESPN Senior Writer Let’s block ads! (Why?) www.espn.com – TOP

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Toronto faces highest risk of a housing bubble

Virtual reality is the new open house Canada: The home of maple syrup, free health care and real estate bubbles. Toronto is the global city with the highest risk of being in a property bubble, outpacing even super expensive New York, London and Hong Kong, according to Swiss bank UBS. It’s the first time that Canada’s most populous city has topped the annual ranking of 20 major cities. Vancouver, on the west coast of Canada, wasn’t far behind. UBS researchers said that prices in Toronto have doubled over the past ...

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Brazil's president faces new corruption charges

Brazil’s economy rebounds but unemployment at record high Brazil’s attorney general charged President Michel Temer on Thursday with obstruction of justice and leading a criminal organization, according to a press release on the attorney general’s website. It’s the latest round of corruption allegations against Temer, who survived an impeachment vote in August. Six other members of Temer’s political party, PMDB, were also named in the charges filed by attorney general Rodrigo Janot. In a statement posted on its website, Temer’s office dismissed the charges as “absurd” and said they were ...

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Apple’s Anniversary iPhone X Faces ‘Severe Short Supply’

This site may earn affiliate commissions from the links on this page. Terms of use. Apple’s upcoming $ 1,000 phone (or $ 1,100, or $ 1,200, depending on which rumors you believe) has been leaked as the iPhone X. Opinions are divided as to whether the company’s iPhone will dominate sales, but at least one prominent analyst is predicting it won’t — mostly because it’s going to be extremely difficult to find. That’s the word from KGI Securities Analyst Ming-Chi Kuo, who has a fairly good track record of forecasting ...

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Lenovo Faces No Significant Penalty for Security-Destroying Superfish Debacle

This site may earn affiliate commissions from the links on this page. Terms of use. The shovelware PC OEMs ship on their hardware is definitionally terrible; the handful of exceptions to this only serve to prove the rule. In early 2015, however, news broke that Lenovo hadn’t simply shipped poor bundled software, but had fundamentally destroyed internet security on its products in the process. The entire sorry affair exposed a dearth of appropriate safeguards at the PC manufacturer, including the lack of meaningful software or oversight over the bundling process. ...

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