Year: 2020

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China’s Developing Neighbors Seen as Most at Risk From Virus Outbreak

February 21, 2020 admin Comments Off on China’s Developing Neighbors Seen as Most at Risk From Virus Outbreak

Feb.20 — As the coronavirus continues to spread beyond China, concerns are being raised about its less developed neighbors and their ability to deal with a public health crisis. Mongolia has been singled out in particular by Fitch Ratings because of its 5,000 kilometer border with China and its economic dependence on Beijing. Bloomberg’s Terrence Edwards reports on “Bloomberg Markets: Asia.” …read more […]

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Telus says 5,000 jobs at risk if forced to open network to wireless resellers: report

February 21, 2020 admin Comments Off on Telus says 5,000 jobs at risk if forced to open network to wireless resellers: report

Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next five years if the Canadian telecom operator is forced to slash prices by 25% or open its network to wireless resellers, The Globe and Mail reported https://tgam.ca/39JGaRY on Thursday.

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Wells Fargo close to settlements with DOJ, SEC over sales scandal – NYT

February 21, 2020 admin Comments Off on Wells Fargo close to settlements with DOJ, SEC over sales scandal – NYT

Last month, U.S. regulator said it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal. The fourth largest U.S. lender has paid out more than $4 billion in fines and penalties since the 2016 revelation that the bank’s sales practices encouraged employees to open potentially millions of unauthorized bank accounts to hit lofty sales targets. …read more […]

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Oil falls as coronavirus spread beyond China heightens demand fears

February 21, 2020 admin Comments Off on Oil falls as coronavirus spread beyond China heightens demand fears

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. …read more […]

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Icahn Suggested HP Buy Xerox With Offer About to Go Public

February 21, 2020 admin Comments Off on Icahn Suggested HP Buy Xerox With Offer About to Go Public

(Bloomberg) — Xerox Holdings Corp.’s largest shareholder made a suggestion as the printer maker was preparing to go public with its takeover offer for HP Inc. in November: buy us instead.Activist investor Carl Icahn raised the idea of HP acquiring Xerox for $45 a share in a phone call with HP Chief Executive Officer Enrique Lores in November, according to people familiar with the matter. HP executives viewed the proposal as over-valuing Xerox and decided not to pursue it, said the people, who asked to not be identified because the matter isn’t public.Icahn, who owns about 11% of Xerox and …read more […]