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Edited Transcript of AKS earnings conference call or presentation 31-Oct-19 12:30pm GMT
Q3 2019 AK Steel Holding Corp Earnings Call …read more […]
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Exclusive: Government officials around the globe targeted for hacking through WhatsApp – sources
Senior government officials in multiple U.S.-allied countries were targeted earlier this year with hacking software that used Facebook Inc’s WhatsApp to take over users’ phones, according to people familiar with the messaging company’s investigation.
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Colombia's Grupo Aval to buy Multibank Financial Group
Grupo Aval, Colombia’s largest financial conglomerate, said on Thursday it had agreed to buy Panama’s Multibank Financial Group (MFG), giving it a higher profile in Central America. The transaction – which Aval will conduct through its subsidiary Banco de Bogota – will close in the second quarter of 2020, after completing a regulatory process, the company said in a statement to Colombia’s financial regulator. “This attractive transaction is complementary to the type of businesses that the company already participates in in Panama,” Grupo Aval president Luis Carlos Sarmiento said in the statement. …read more […]
Business News
Facebook sued for age, gender bias in financial services ads
Facebook Inc was sued on Thursday in a proposed class action accusing it of discriminating against older and female users by withholding advertising for financial services such as bank accounts, insurance, investments and loans.
Business News
Hudson’s Bay going private deal faces Catalyst hurdle
Hudson’s Bay Co shareholder Catalyst Capital Group Inc has opposed an agreed deal by the struggling Canadian department store operator with a group led by executive chairman Richard Baker to be taken private.
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A Mega-Merger Can't Hide $12 Billion of Debt
(Bloomberg Opinion) — China has a standard road map for fixing state-owned giants that have gone off the rails: Create an even more inflated behemoth through a mega-merger, in the hope that the stronger business will be able to prop up the weaker one until the storm blows over.It’s a playbook that’s been followed in steel, shipping, energy and rolling stock — but in the chemicals industry, it’s not working. The country is planning to abandon the long-mooted merger of chemicals giants Sinochem Group Co. and China National Chemical Corp., or ChemChina, the Financial Times reported Thursday, citing people close …read more […]
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Gaming and Leisure Properties: 3Q Earnings Snapshot
WYOMISSING, Pa. (AP) _ Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Wyomissing, Pennsylvania, said it had funds from operations of $186.5 million, or 87 cents per share, in the period. …read more […]
Business News
Pinterest quarterly revenue, forecast disappoint; shares plunge
Pinterest Inc fell short of Wall Street estimates for quarterly revenue on lower-than-expected average revenue per user and its revised full-year sales forecast came marginally below expectations, sending its shares tumbling 20%.
Business News
Qantas says cracks found in three 737 NG jets, will minimize customer impact
Qantas Airways Ltd said on Friday it found structural cracks in three of its Boeing Co 737 NG planes after conducting earlier-than-required checks of its aircraft as part of a global issue with the model.
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Pinterest 3Q Miss on Halloween 'Clearly a Trick': Analyst Forte
Oct.31 — Tom Forte, D.A. Davidson senior research analyst, discusses Pinterest Inc.’s third-quarter results on
“Bloomberg Markets: What’d You Miss?” …read more […]
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UPDATE 1-Qantas says cracks found in three 737 NG jets, will minimise customer impact
Qantas Airways Ltd said on Friday it found structural cracks in three of its Boeing Co 737 NG planes after conducting earlier-than-required checks of its aircraft as part of a global issue with the model. The cracks are on what is known as the “pickle fork” – a part that attaches the plane’s fuselage, or body, to the wing structure. The three Qantas jets, all of which had around 27,000 take-off and landing cycles, rather than the 30,000 that had required immediate checks, have been removed from service for repair, the airline said in a statement. …read more […]
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New Wells Fargo CEO says he wants to fix problems, isn’t a 'wallflower'
When he started as CEO jobs in that past, Scharf focused on learning about the companies but at Wells Fargo, the need to develop controls has brought a sense of urgency, he told employees on Tuesday at Wells Fargo’s campus in Charlotte, North Carolina. Scharf, 54, took over the CEO role on Oct. 21, as the bank entered its fourth year of a wide-ranging sales practices scandal. Scharf said he is up to the task. …read more […]
Business News
WeWork, former CEO Adam Neumann accused of pregnancy discrimination
The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she was belittled for getting pregnant, forced out of her job in favor of a man making more than twice her salary when she took maternity leave and ultimately fired for raising concerns.
Business News
New Wells Fargo CEO says he wants to fix problems, isn’t a ‘wallflower’
Wells Fargo & Co’s new chief executive, Charlie Scharf, told employees this week he is more hands-on in his early days than at his previous CEO roles in order to tackle the bank’s regulatory and operational problems as staff grilled him about everything from growth targets to his family dog.
Business News
American Airlines flight attendants stand up to Boeing CEO on 737 MAX
American Airlines’ flight attendants union still has safety concerns about the Boeing 737 MAX and is demanding an active role in the relaunch of the grounded aircraft, its president told Boeing Co’s chief executive in a letter seen by Reuters.