United States: Goodwin Procter Alert - SEC Clarifies Social Media Use And Reg FD Compliance (Financial Services Alert For April 9, 2013) - Goodwin Procter LLP
Goodwin Procter issued a Client Alert that discusses the SEC’s Report of Investigation with respect to Netflix, Inc. and its CEO Reed Hastings.
Found 1 month ago on channel Mondaq
Schlumberger CEO says Venezuela debt collections improving
NEW YORK - Oil services giant Schlumberger Ltd has improved its ability to collect the money it is owed by Venezuela's state oil company PDVSA and will now be able to recognize all revenue associated with its first-quarter operations in the country, Schlumberger's CEO said on Sunday.
Found 1 month ago on channel Reuters
Financial Stocks: S&P chief likely to inherit McGraw-Hill headaches
CEO Terry McGraw plans his retirement, Doug Peterson, head of Standard & Poor’s Ratings Services, is the likely front-runner for the job, sources tell MarketWatch.
TNT Express Mail Company to Cut 4,000 Jobs
AMSTERDAM — TNT Express NV, the Dutch-based package delivery company, says it will restructure operations, taking €150 million ($195 million) in charges and cutting 4,000 jobs, or 6 percent of its work force, by the end of 2015. The news comes after a proposed €5.2 billion takeover by United Parcel Services Inc. was blocked by European regulators in January because the combined company would be too dominant in European express mail. At Friday’s close, TNT’s market capitalization had slumped to €3.25 billion. TNT said Monday it will dispose of its Brazilian and Chinese operations. In 2012 the company posted a net loss of €83 million on revenues of €7.33 billion. Former Chief Executive Marie-Christine Lombard departed before the takeover process was complete and CFO Bernard Bot is acting as interim CEO.
Car Buying, Reenvisioned: More Like Shopping for Apple Gadgets, Ice Cream, or a Date
Buying a new car is an awful experience. The sentiment has been expressed by many people, in many colorful ways. A few examples: In 2009, John Krafcik, CEO of Hyundai Motor America, addressed a crowd of auto insiders with refreshing honesty when he admitted that the entire industry was “viewed with contempt,” and that “we have reached the point where, frankly, Americans would rather go to the dentist than visit a car dealer.” The traditional back-and-forth games at car dealerships is “a process designed for the village idiot,” according to the CEO of the nation’s largest car dealership chain, quoted in a recent Wall Street Journal piece. “Buying a car sucks,” Scott Painter flatly told NPR. Painter is the founder and CEO of TrueCar, a service that’s supposed to help consumers buy cars at a decent price—and theoretically makes the experience less sucky. (MORE: How Car Buying Is Becoming Less Awful — Or At Least Less Time-Consuming) Does it have to be this way? The NPR ...