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General Motors names Suryadevara as company’s first female CFO | Business News

DETROIT – General Motors Co. will have a new CFO this fall, the first woman to fill the role. Dhivya Suryadevara, 39, will become CFO effective Sept. 1. She succeeds Chuck Stevens, 58, who will retire March 1, 2019. Stevens will serve as an adviser until then. Suryadevara will report to GM’s Chairman and CEO Mary Barra. “Dhivya’s experience and leadership in several key roles throughout our financial operations positions her well to build on the strong business results we’ve…

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Comcast joins Disney in race for Rupert Murdoch’s 21st Century Fox with $US65 billion bid

Murdoch, 87, also wasn’t swayed by Comcast’s overtures because the cable company didn’t offer a breakup fee. Comcast said last month that its new offer would be at least as favorable to Fox shareholders as Disney’s terms. Indeed, the proposal unveiled on Wednesday includes a $US2.5 billion termination fee — similar to what Disney has offered. Loading “We are pleased to present a new, all-cash proposal that fully addresses the board’s stated concerns with our prior proposal,” Roberts, 58, said…

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Top city officials vote to begin exploration of privatizing Lambert | Political Fix

ST. LOUIS • Top city officials on Wednesday approved hiring a team of outside consultants to help decide whether to lease St. Louis’ airport to a private operator. The vote by the city’s Board of Estimate and Apportionment was 2-1, with Mayor Lyda Krewson and Aldermanic President Lewis Reed in favor of the advisory contract and Comptroller Darlene Green against. The decision represents one of the first major steps in an effort that has already proved polarizing, with proponents seeing it as…

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Musk’s Model 3 miscalculation culminates in major Tesla job cuts | Money

Tesla Model 3s and X’s are shown charging in an underground parking lot next to a Tesla store in San Diego, California, May 30, 2018. — Reuters pic SAN FRANCISCO, June 13 — Elon Musk has finally been forced to rethink his vaulting ambitions for Tesla Inc. The news yesterday that Musk will dismiss more than 3,000 employees, or about 9 per cent of the company’s workforce, underscored what many on Wall Street have been saying for months: Tesla has…

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These 7 states are most at risk from rising health-care costs

High and growing health-care costs are a problem for everyone — but especially so for state and local governments. And states with lower credit ratings are especially susceptible because they have less financial flexibility, according to a new report from credit ratings and research firm Fitch Ratings. Those states include California, Connecticut, Illinois, Kentucky, Louisiana, New Jersey and Pennsylvania, all of which are rated AA- and below by Fitch. (California, Kentucky, Louisiana and Pennsylvania is rated AA-, while Connecticut is…

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Moody’s report does not reveal true extent of govt debt: Guan Eng

KUALA LUMPUR: Rating agency, Moody’s Investors Service, in its report, did not reveal the true extent of government debt, said Finance Minister Lim Guan Eng. The Moody’s report today said recent developments such as the proposed abolishment of the Goods and Services Tax (GST), reintroduction of fuel subsidies and 1MDB’s debt level, might adversely affect Malaysia’s credit rating. “Moody’s said the direct government debt was RM687 billion and we’ve never denied this. “This itself shows that they (Moody’s) are aware…

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Najib sees new Moody’s estimate as vindication

Former prime minister Najib Abdul Razak today suggested that Moody’s Investor Service’s estimate that Malaysia’s debt-to-GDP ratio stood at 50.8 percent proves that the Pakatan Harapan administration had misled the public. “The top international credit rating agency, Moody’s, have independently assessed the Harapan government’s claims of RM1 trillion debt and a self-declared debt-to-GDP ratio of 80.3 percent… Source link

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Pakatan’s RM1t ‘debt’ claim refuted by Moody’s, Najib insists | Malaysia

Najib claimed his administration had always been transparent in their disclosures and had adhered to strict international standards of reporting. — Picture by Azneal Ishak PETALING JAYA, June 13 — Datuk Seri Najib Tun Razak today called on the Pakatan Harapan (PH) government to adhere to international standards, and keep politics out when it comes to financial reporting. He cited top international credit rating agency Moody’s through its Investors Service as having independently assessed the PH government’s claims of the…

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Moody’s finds PH govt’s claims on national debt to be untrue – Najib – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

KUCHING: The Pakatan Harapan (PH) government must have the integrity to adhere to international standards and keep politics out when it comes to financial reporting, said former Prime Minister Datuk Seri Najib Tun Razak. Najib, who is former Finance Minister, said top international credit rating agency, Moody’s have independently assessed the PH government’s claims of RM1 trillion debt and self-declared debt-to-GDP ratio of 80.3 per cent. As a result, he said Moody’s found those claims to be untrue and have maintained…

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Rezoning OK’d for GE, US 30 sites | Local

In a 7-0 vote Tuesday, the Fort Wayne City Council approved a rezoning petition for the planned Electric Works project south of downtown, readying the property for future development.  The council also unanimously approved the rezoning of land on U.S. 30 across from Sweetwater Sound for a new office park and industrial park. A rezoning petition for a set of 60 senior homes along Auburn Road was held for two weeks to give neighbors more time to reach a deal with…

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H&R Block Inc. (HRB) CEO Jeffrey Jones on Q4 2018 Results – Earnings Call Transcript

H&R Block Inc. (NYSE:HRB) Q4 2018 Earnings Conference Call June 12, 2018 4:30 PM ET Executives Colby Brown – Vice President, Finance and Investor Relations Jeffrey Jones – President and Chief Executive Officer Tony Bowen – Chief Financial Officer General Counsel and Chief Administrative Officer Analysts Scott Schneeberger – Oppenheimer George Tong – Goldman Sachs Thomas Allen – Morgan Stanley Jeff Silber – BMO Capital Markets Hamzah Mazari – Macquarie Capital Michael Millman – Millman Research Operator Good day. My…

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Brisbane Lord Mayor says Budget will put city in better financial position

LORD Mayor Graham Quirk has admitted there are no “big ticket” items in his 2018/19 Budget but insists it will put the city in a better financial position. He said the fully funded Brisbane Metro, possible due to a $300 million commitment from the Federal Government, headlined his eighth budget. “This Budget does give a stronger outlook in terms of where we’re heading in terms of a credit rating point of view,” he said. “I’m not saying we’re going to…

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Seattle council, mayor cave to Amazon, other opposition on head tax for homelessness

window._taboola = window._taboola || []; _taboola.push({ mode: ‘thumbnails-c’, container: ‘taboola-interstitial-gallery-thumbnails-5’, placement: ‘Interstitial Gallery Thumbnails 5’, target_type: ‘mix’ }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: ‘thumbnails-c’, container: ‘taboola-interstitial-gallery-thumbnails-8’, placement: ‘Interstitial Gallery Thumbnails 8’, target_type: ‘mix’ }); _taboola.push({flush: true}); Photo: GENNA MARTIN, SEATTLEPI.COM People hold signs and wait to be allowed into council chambers on Tuesday, June 12, 2018, before a City Council vote to repeal the big business head tax, which was voted for unanimously last…

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$3 billion road-building debt bill approved by legislature – News – The Times-News

RALEIGH — A method to accelerate local and regional road-building projects in North Carolina by authorizing up to $3 billion in debt has made it through the General Assembly. The legislation that permits the borrowing is heading to Democratic Gov. Roy Cooper’s desk following Tuesday’s House vote of 94-21. Cooper is expected to sign the bill, which passed the Senate unanimously last week and would represent a rare moment of bipartisanship between the executive and legislative branches. Cooper’s…

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Auditor general shows impatience over province’s bleak debt picture

New Brunswick Auditor General Kim MacPherson has renewed warnings the province has spent itself into a dangerous level of debt and called for the Gallant government to take the issue more seriously. “I again encourage government to set targets to eliminate deficits and reduce net debt,” MacPherson said in a presentation to the legislature’s public accounts and Crown corporations committees Tuesday.   “I remain concerned the province has no immediate plan to address the continuing fiscal decline.”  MacPherson outlined how New Brunswick’s debt…

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