BT shares plunged to a three-and-a-half-year low after the company trimmed its profit guidance and cautioned that writedowns in its Italian business will be much larger than expected. BT Group plc shares plunged to a three-and-a-half-year low Tuesday after the company trimmed its profit guidance and cautioned that writedowns in its Italian business linked to accounting irregularities will be much larger than expected.
Day: January 24, 2017
BT Pegs Italy Writedown at 530 Million, Trims Full Year Earnings Guidance
BT Group cautioned Tuesday that writedowns in its Italian business linked to accounting irregularities will be much larger than expected and could exceed 530 million. BT Group plc cautioned Tuesday that writedowns in its Italian business linked to accounting irregularities will be much larger than expected and trimmed its earnings guidance for the current fiscal year.
Japan Box Office: ‘Your Name’ Helps 2016 Revenue Hit Record $2.1B
The smash hit anime helped pick up the slack of Hollywood’s share which dropped after recent years of gains. The Japanese box office grew 8.5 percent, to a record $2.09 billion in 2016, lifted by the stellar performance of anime smash Your Name .
Windstream trims 164 jobs, 25 in LR
“The actions are part of our ongoing efforts to efficiently manage the business and to align resources to current work demands and opportunities,” Avery said. “Decisions that affect our employees are difficult, but necessary to manage our costs and position the company for success,” Avery said.
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President Donald Trump promoted and appointed Republican member of the Federal Communications Commission Ajit Pai to chairman of the government agency Monday. Pai, a lawyer, is a staunch opponent to net neutrality – a concept the Obama administration pushed throughout its tenure.
Trump picks Indian-American Ajit Pai as new FCC head
President Donald Trump has picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections. In a statement Monday, Ajit Pai said he was grateful to the president for choosing him as the next chairman of the Federal Communications Commission.
Inside the Mind of Mnuchin: Too-Strong Dollar May Hurt Economy
U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy. “The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America,” Mnuchin said in a written response to a senator’s question about the implications of a hypothetical 25 percent dollar rise.
Philadelphia bars employers from requesting salary history
In this June 23, 2014, file photo, job seekers and recruiters meet during a job fair in Philadelphia. Philadelphia Mayor Jim Kenney signed a bill Monday, Jan. 23, 2017, that bans employers from asking potential hires to provide their salary … FILE – In this July 15, 2009, file photo, job seekers wait in line during a sixth annual “Grand Slam Career Fair” at Citizens Bank Park in Philadelphia.
Homeless group partners with different kind of soup kitchen
Jarrett O’Hara ladles out a serving of soup at the Rooster Soup Co., the newest member of the CookNSolo restaurant group, in Philadelphia, Monday, Jan. 23, 2017. The CookNSolo restaurateurs have found a valuable use for their discarded chicken backs: … making soup for charity.
Etihad Airways parent company says its CEO is leaving
Etihad Airways’ parent company says its chief executive is leaving following a multi-year buying spree that saw the Mideast carrier snap up stakes in airlines from Europe to Australia. The Abu Dhabi-based airline gave no reason on Tuesday for James Hogan’s departure.
Appeals court to decide future of California carbon auctions
Businesses looking to invalidate California’s fee for carbon pollution take their arguments to a state appeals court Tuesday in a case that could determine the future of one of California’s signature efforts to combat climate change. With a central piece of Gov. Jerry Brown’s legacy on the line, lawyers for the state and for environmental advocacy groups will defend a program that has been closely watched around the world as a potential model for controlling carbon emissions.
Yahoo’s 4Q shows modest strides amid security breach fallout
Yahoo’s financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8 billion sale of its internet operations to Verizon Communications. The fourth-quarter report released Monday provided the latest snapshot of a shrinking company that has been steadily losing ground in the digital advertising market that generates most of its revenue.
European Stocks Called Higher amid Dollar Decline, Corporate Earnings Slate
European stocks are expected to open firmer Tuesday as investors head into a busy corporate earnings season amid questions over the stability of economic policies from President Donald Trump. European stocks are expected to open firmer Tuesday as investors head into a busy corporate earnings season amid questions over the stability of economic policies from President Donald Trump.
Trump picks PIO to head communications body
WASHINGTON: US President Donald Trump has picked Ajit Vardaraj Pai, an outspoken opponent of new net neutrality, to head the crucial Federal Communications Commission , making him the fourth Indian-American in the administration at the senior level. “I am deeply grateful to the President of the United States for designating me the 34th cairman of the Federal Communications Commission,” Pai said in a statement.
Bridging Detroit’s massive digital divide
Heath, who lives just west of Hamtramck in Detroit’s North End neighborhood, often receives visits from a young neighbor who lacks Internet access so he can do his homework for school. “He’ll come down to my house and say, ‘Miss Norma, can I use your Internet? I have a science project I need to do and we don’t have the computer or the Internet,'” Heath says.
Samsung’s earnings more than double on record chip profits
In this Monday, Jan. 23, 2017 photo, a visitor tries out a Samsung Electronics Galaxy S7 Edge smartphone at its shop in Seoul, South Korea. Samsung Electronics Co.
Trump taps net neutrality opponent Ajit Pai to head FCC
President Donald Trump on Monday tapped Republican Commissioner Ajit Pai to head the U.S. Federal Communications Commission, which is expected to roll back many of the Obama Administration’s telecommunications and internet policies.
Samsung: Why is it doing so well despite Galaxy Note 7 fiasco?
The 9.2 trillion won quarterly profit is the South Korean firm’s highest since 2013. In October, the smartphone maker had to scrap the Note 7, after recalling 2.5 million handsets.
Berger raises TCPA concerns to FCC’s Pai
NAFCU President and CEO Dan Berger on Monday congratulated new Federal Communications Commission Chairman Ajit Pai on his appointment and raised the association’s continued concerns about the commission’s order on the Telephone Consumer Protection Act. “The FCC’s July 10, 2015, Declaratory Ruling and Order does more harm than good by making it extremely difficult for credit unions to contact their members about potentially fraudulent activity, identify theft, and data breaches,” Berger wrote.