Enterprises :: Corporate

HP Enterprise CEO Meg Whitman to step down - Reuters TV

reuters.com

HP Enterprise CEO Meg Whitman to step down - Reuters TV


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Colorado Non-Profit Helps Heroes Get Home For The Holidays

denver.cbslocal.com

Colorado Non-Profit Helps Heroes Get Home For The Holidays


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National CineMedia moving corporate HQ

9news.com

National CineMedia moving corporate HQ


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Uber concealed data hack from 2016; 57 million customers affected

wbrc.com

Uber concealed data hack from 2016; 57 million customers affected


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A great expectation on U.S. tax reform | Calamatta Cuschieri

maltatoday.com.mt

A great expectation on U.S. tax reform | Calamatta Cuschieri


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Wall Stream set to rise as retail earnings stream in

reuters.com

Wall Stream set to rise as retail earnings stream in


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Popular Stories

Customers line up early at Utah liquor stores hoping to avoid long lines on the busiest sales day of the year
The day before Thanksgiving is typically the busiest day of the year at Utah’s 45 state-owned liquor stores and the tradition is expected to continue in 2017, according to the Utah Department of Alcoholic Beverage Control. Last year, the state set a record on the Wednesday before the November holiday, reaching $3.38 million in liquor sales, DABC statistics show. On that day, consumers also purchased 342,161 bottles of wine, heavy-beer and spirits, also a record   Read More ...
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Aston Martin will make a profit for the first time since 2010
LONDON — Aston Martin is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance. Pre-tax profit reached 22 million pounds ($29 million) in the first nine months of 2017, reversing a loss of 124 million pounds in the same period in 2016, Aston said on Wednesday   Read More ...
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Brazil's BRF appoints Drummond as CEO
SAO PAULO, Nov 22 (Reuters) - The board of Brazilian food processor BRF SA has appointed José Aurélio Drummond Jr as its new chief executive officer, according to a securities filing on Wednesday. Drummond, who previously ran Brazilian energy company Eneva SA and the Latin American operations of appliance maker Whirlpool Corp and aluminum producer Alcoa Corp , will replace Pedro Faria, effective Dec   Read More ...
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BRIEF-Nuvo Pharmaceuticals announces appointment of Jesse Ledger as CEO
Nov 22 (Reuters) - Nuvo Pharmaceuticals Inc * Nuvo Pharmaceuticals™ announces appointment of Jesse Ledger as president & chief executive officer * Nuvo Pharmaceuticals - Ledger assumes CEO role from John London who will become co’s executive chairman & continue to serve on its board * Nuvo Pharmaceuticals Inc - Dan Chicoine, previously chairman of company, will continue as a   Read More ...
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BRIEF-Avista announces changes in its officer team and board of directors
Nov 22 (Reuters) - Avista Corp * Avista announces changes in its officer team and board of directors * Avista Corp - dennis Vermillion has been named president of Avista Corp Source text for Eikon: Further company coverage: Our Standards:   Read More ...
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This tax loophole led to massive CEO pay packages. Why eliminating it isn’t likely to rein them in.
Twenty-five years ago, Bill Clinton campaigned on an idea for limiting excessive pay for American CEOs: Cap the tax deductibility of top executives' compensation at $1 million, and companies, not wanting bigger tax bills, might reel in their pay. In his 1993 budget, advisers suggested a compromise: Companies couldn't deduct CEO pay over $1 million unless it was "performance-based." But many believe the loophole had the opposite effect, driving companies instead to pay more in stock options and certain performance-based bonuses, which actually supercharged the growth in CEO pay   Read More ...
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Weis reports sales up 15 percent, net income down 58.1 percent in third quarter
SUNBURY - Weis Markets reported a 15 percent increase in sales for the quarter ending Sept. 30, but the Sunbury-based supermarket chain says its net income decreased 58.1 percent. Sales totaling $854.3 million for the 13-week period were approximately $111 million higher than the same quarter in 2016. Net income for the quarter decreased to $4.4 million while earnings per share dropped to 16 cents per share compared with 40 cents in 2016   Read More ...
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Atlantic City Q3 casino earnings up nearly 21 percent
ATLANTIC CITY, N.J. (AP) — Atlantic City's casino earnings increased by nearly 21 percent in the third quarter of this year compared with a year ago, according to figures released Wednesday. The seven casinos posted a gross operating profit of $252.5 million for the quarter, the New Jersey Division of Gaming Enforcement's numbers show. Gross operating profit reflects earnings before interest, taxes, depreciation and other charges, and is a widely accepted measure of profitability in the casino industry   Read More ...
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JPMorgan Chase CEO sees early results of $40 million investment in South, West sides during Chicago visit
In a community room in Chicago’s Homan Square neighborhood on Tuesday, Jamie Dimon sat down with a few Chicagoans trying to boost their job skills, and others working to help South and West side residents share in the economic growth other parts of the city have seen. Dimon, CEO of JPMorgan Chase, the nation’s largest bank by deposits, asked what kinds of financial coaching programs participants had found helpful and if they’d shared what they learned with their children   Read More ...
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Trump DOJ puts Corporate America on notice
Blocking AT&T's purchase of Time Warner is a seemingly odd assault on business from the CEO president. President Trump's Justice Department just became the first since the Carter administration to fight a merger between two companies in different lines of business. Because those so-called vertical mergers typically don't reduce competition, U.S. regulators very rarely try to stop them. "For the those who thought the Trump administration would be lax on antitrust, they can throw that assumption out the window," said David Balto, a former FTC policy director during the Clinton administration   Read More ...
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Deere's shares surge after earnings beat estimates
(Reuters) - Deere & Co’s () shares surged on Wednesday after the equipment maker beat quarterly earnings estimates and predicted further improvements in the coming year, amid strong sales in South America and higher demand in the United States and Canada. The Moline, Illinois-based company forecast net sales for fiscal 2018 to jump 19 percent, translating into sales of $35.39 billion, and earnings to rise to about $2   Read More ...
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Can Peco customers really save 44% on their bills? Fat chance
The Pennsylvania Public Utility Commission is encouraging consumers to shop for electricity on Black Friday. A quick glance at the PUC’s website suggests Peco Energy customers could save an eye-popping 44 percent on their bills. Buyer beware: Not all prices are as low as they seem. Papowerswitch.com, the PUC’s marketplace for electricity shopping, lists about 140 offers for Peco Energy customers, some of which will save customers compared with the utility’s current price   Read More ...
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Deere earnings see big rebound in 2017
MOLINE, Ill. -- What a difference a year makes. Deere & Co. posted its third consecutive quarter of earnings increases and the fifth-best year for sales and earnings in the company's 180-year history, the company announced Wednesday. For fiscal year 2017, the company posted earnings of $2.159 billion, or $6.68 per share, compared with $1.524 billion, or $4.81 per share in 2016, nearly a 42 percent earnings increase for the year   Read More ...
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BRIEF-Israel Corp Q3 consolidated net income of $42 mln
Nov 22 (Reuters) - Israel Corporation Ltd: * Israel Corp. reports results for the third quarter of 2017 * Israel Corporation Ltd - consolidated net income for Q3 of 2017 was $42 million compared with a net loss of $209 million in Q3 of 2016 Source text for Eikon: Further company coverage: Our Standards:   Read More ...
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HPE CEO Whitman's surprise exit stumps Wall Street
(Reuters) - Shares of Hewlett Packard Enterprise Co () fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman’s decision to step down from the role took Wall Street by surprise. Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri   Read More ...
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U.S. November auto sales to benefit from Black Friday
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Tax preparer who falsified tax returns for clients sentenced to prison
A tax preparer who falsified her clients' returns to get them larger refunds was Tuesday sentenced to 13 months in federal prison. Shirley Arias, 43, of Fair Lawn, was ordered to pay $130,279 in restitution and be subject to one year of supervised release when she completes her prison term. The U.S. Attorney's Office for New Jersey announced the sentence in a statement Tuesday   Read More ...
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Tags: Taxes |  Corporate |  Enterprises |  Customers |  Taxation |  Tax returns | 
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New H&R Block CEO Jeff Jones to preview tax filing season | The Kansas City Star
H&R Block’s new CEO Jeff Jones will hold his first quarterly session with shareholders and analysts on Dec. 6, as questions about tax reform in Washington linger on investors’ and customers’ minds. Jones became the Kansas City-based tax preparation company’s top executive in early October following the retirement of Bill Cobb at the end of July. Jones’ addition had been announced shortly before H&R Block’s previous quarterly conference call in August, but he sat out as then-interim CEO Tom Gerke led the session   Read More ...
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Thomas Cook Investors Are Too Focused on the Jellyfish: Gadfly
Thomas Cook Plc’s full-year earnings should have been as inviting as a sunny beach. But investors were too focused on the jellyfish in the water. Revenue and underlying earnings were up, while there was another impressive reduction in debt. Net debt fell to just 40 million pounds ($53 million) at Sept. 30 from from 129 million pounds a year earlier, and the company expects to have net cash by September 2018   Read More ...
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New US sanctions target North Korean, Chinese companies
WASHINGTON (AP) — The Trump administration imposed new sanctions on a slew of North Korean shipping firms and Chinese trading companies in its latest push to isolate the rogue nation over its nuclear weapons development and deprive it of revenue. The Treasury Department also designated a North Korean corporation involved in exporting workers overseas. The action Tuesday came a day after the United States returned North Korea to its list of state sponsors of terrorism   Read More ...
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U.S. slaps new sanctions on North Korean, Chinese companies
By MATTHEW PENNINGTON Associated Press The Trump administration imposed new sanctions Tuesday on a slew of North Korean shipping firms and Chinese trading companies in its latest push to isolate the rogue nation over its nuclear weapons development and deprive it of revenue. The Treasury Department also designated a North Korean corporation involved in exporting workers overseas. The action came a day after the United States returned North Korea to its list of state sponsors of terrorism   Read More ...
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Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  North Korea |  Northeast |  New England |  New Hampshire | 
BRIEF-Cellcom Israel Q3 earnings per share ILS 0.32
Nov 22 (Reuters) - Cellcom Israel Ltd * Cellcom Israel announces third quarter 2017 results * Q3 earnings per share ILS 0.32 * Q3 revenue fell 1.7 percent to ILS 975 million base totaled approximately 2.805 million subscribers at end of September 2017 * Board of directors decided not to distribute a dividend for Q3 of 2017 * Qtrly service revenues totaled NIS 737 million ($209 million) in Q3 of 2017, a 2   Read More ...
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Israel's Cellcom Q3 profit, revenue fall
TEL AVIV, Nov 22 (Reuters) - Cellcom , Israel’s largest mobile operator, reported a 3 percent drop in third quarter net profit, weighed down by lower revenue and higher taxes. Cellcom said on Wednesday it earned 32 million shekels ($9.1 million) in the quarter, down from 33 million a year earlier. Revenue slipped 1.7 percent to 975 million shekels, with the company attributing it to price erosion from competition   Read More ...
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HP Enterprise CEO Meg Whitman to step down - Reuters TV
Transcript >> Hewlett Packard Enterprise on Tuesday said it's CEO Meg Whitman will step down and will hand the reigns to the company's President Antonio Neri who will take over on February 1st. The news sending the company stock down 7.5% in trading after the closing bell. The departure marks the end of what's been widely seen as a successful tenure during a turbulent time at the company   Read More ...
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President Trump Has Imposed New Sanctions on North Korea and Chinese Trading Firms
(WASHINGTON) — The Trump administration imposed new sanctions Tuesday on a slew of North Korean shipping firms and Chinese trading companies in its latest push to isolate the rogue nation over its nuclear weapons development and deprive it of revenue. The Treasury Department also designated a North Korean corporation involved in exporting workers overseas. The action came a day after the United States returned North Korea to its list of state sponsors of terrorism   Read More ...
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Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  North Korea |  E. Asia |  China | 
Colorado Non-Profit Helps Heroes Get Home For The Holidays
GREELEY, Colo. (CBS4) – A Colorado non-profit is hoping donors can help service members make it home for the holidays. The Greeley-based organization Helping Heroes Fly started two years ago and has already helped 163 active duty military members get to special occasions, but as word of their generosity has grown, their budget has shrunk. “Our immediate goal right now would be to be able to reopen applications   Read More ...
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Quebec to monitor property sales to foreign buyers, no tax planned
Quebec to monitor property sales to foreign buyers, no tax planned Reuters November 21. 2017 10:54PM. MONTREAL — Quebec said on Tuesday it plans to monitor the sale of property to and by foreign investors in the Canadian province by requiring the address of their primary residences in a bid to track overseas inflows into the real estate market. The mainly French-speaking province would need to first pass legislation to obtain the addresses of foreign buyers and sellers, said Audrey Cloutier, a spokeswoman for provincial Finance Minister Carlos Leitao   Read More ...
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National CineMedia moving corporate HQ
DENVER BUSINESS JOURNAL - National CineMedia, the company behind many of the ads seen at movie theaters, announced Monday plans to move its corporate headquarters in June 2018. The Centennial-based company will move from its space at 9110 E. Nichols Ave. to a 63,000-square-foot space in the 7-story Cascades Building at 6300 S. Syracuse, also in Centennial, near Fiddler's Green Amphitheater   Read More ...
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Henrico-based Elephant Insurance names Italian native as new CEO
Elephant Insurance Services, the fast-growing Henrico County-based seller of direct-to-consumer insurance, has a new chief executive officer. Alberto Schiavon, 31, a native of Italy and a five-year employee of Admiral Group, Elephant’s United Kingdom-based parent company, became the CEO of the U.S. subsidiary on Nov. 1. The company made the announcement Tuesday. Schiavon takes over as CEO from Henry Engelhardt, the co-founder and former CEO of Admiral Group, who had stepped out of retirement in March to serve as Elephant’s interim CEO following the departure of Kevin Chidwick, who had served as the top executive since 2012   Read More ...
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Places: Americas |  North America |  United States |  Italy | 
Millions of Dish Network customers lose CBS
Nearly 3 million Dish Network subscribers in 18 cities, including San Francisco, have lost access to their local CBS television station — just two days before Thanksgiving, when many Americans want to watch NFL football. The blackout comes amid a contentious fee dispute between satellite TV provider Dish Network and CBS Corp., which owns the television stations. Customers in Los Angeles, New York, Chicago, Dallas, Philadelphia, Denver and other markets also were hit by the blackout, which in addition to the local stations includes three CBS cable channels: CBS Sports Network, Smithsonian Channel and Pop   Read More ...
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Meg Whitman stepping down as CEO of HP Enterprise
Meg Whitman, who oversaw the breakup of one of Silicon Valley’s pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co. Hewlett Packard Enterprise said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over Hewlett-Packard Co. in 2011 after it suffered a series of losses amid rising competition under her predecessor, Léo Apotheker   Read More ...
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US slaps new sanctions on North Korean, Chinese companies
Related Coverage WASHINGTON (AP) — The Trump administration imposed new sanctions Tuesday on a slew of North Korean shipping firms and Chinese trading companies in its latest push to isolate the rogue nation over its nuclear weapons development and deprive it of revenue. The Treasury Department also designated a North Korean corporation involved in exporting workers overseas. The action came a day after the United States returned North Korea to its list of state sponsors of terrorism   Read More ...
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Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  North Korea |  Northeast |  New England |  Rhode Island | 
Uber reveals data hack affecting 57 million drivers, customers -- a year after attack
A cyberattack exposed sensitive personal information belonging to tens of millions of Uber customers and drivers before the company hid the breach from public view for more than a year, the company revealed Tuesday. "Our outside forensics experts have not seen any indication that trip location history, credit card numbers, bank account numbers, Social Security numbers or dates of birth were downloaded," the statement said   Read More ...
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Stocks rally on boost from strong global growth, earnings
SYDNEY (Reuters) - Asian shares scaled a fresh decade peak on Wednesday thanks to surging markets in Europe and America, as strong global growth and rising corporate profits lured hordes of investors into equities. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.3 percent to Wednesday’s 1.3 percent rise - the biggest gain in eight months. The index has been on an uptrend most of this year, posting a monthly loss only once in 2017   Read More ...
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Places: United States | 
Are shoppers losing interest in Black Friday?
Sixty-five percent of Pacific Northwest residents are not planning to shop on Black Friday this year. That's according to a new survey from WSU's Carson College of Business. The survey questioned 1,000 possible customers, looking for perceptions about the holiday shopping season and where customers would shop. Researchers also hoped to look at the impact e-commerce was having on shopping habits during the holiday season   Read More ...
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Meg Whitman stepping down as HP Enterprise CEO
NEW YORK (AP) — Meg Whitman, who oversaw the breakup of one of Silicon Valley's pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co. HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over in 2011 at the former Hewlett-Packard Co., a company founded in 1939 and for years a tech bellwether   Read More ...
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Meg Whitman stepping down as HP Enterprise CEO
NEW YORK (AP) — Meg Whitman, who oversaw the breakup of one of Silicon Valley's pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co. HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over in 2011 at the former Hewlett-Packard Co., a company founded in 1939 and for years a tech bellwether   Read More ...
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Hewlett Packard CEO Whitman says she has no plans for political office
SAN FRANCISCO, Nov 21 (Reuters) - Hewlett Packard Enterprise Chief Executive Officer Meg Whitman, who announced on Tuesday she will step down early next year, said she has no plans to run for public office. Whitman ran unsuccessfully for California governor in 2010, and she has served on the presidential campaigns of Republican former Massachusetts Governor Mitt Romney and New Jersey Governor Chris Christie   Read More ...
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Meg Whitman stepping down as HP Enterprise CEO
New York – Meg Whitman, who oversaw the breakup of one of Silicon Valley’s pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co. HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over in 2011 at the former Hewlett-Packard Co., a company founded in 1939 and for years a tech bellwether   Read More ...
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UPDATE 2-GameStop posts surprise rise in comparable sales, raises forecast
* Reaffirms FY profit forecast * Q3 same-store sales up 1.9 pct * Shares rise 7 pct after market (Adds details from conference call, Q3 earnings; Updates shares) The company’s shares were up 7 percent at $17.90 in after-hours trading. The forecast was a “solid surprise,” Wedbush Securities analyst Michael Pachter said. The company said it now expects full-year comparable store sales to increase in low- to mid-single digits, compared with its previous forecast range of the high-end of down 5 percent to flat   Read More ...
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