Industrial products group 3M said it plans to shed jobs globally as it restructures the business, and reduced this years earnings guidance after it reported first-quarter earnings that missed Wall Street expectations. The conglomerate, whose products range from Post-it notes and Magic Tape to the reflective material for road signs, pointed to slowing economic conditions…
DetailsImage copyright Cambridgeshire Police Image caption George Leech admitted fraud by abuse of position A man invented fictitious companies to defraud his employers of more than 200,000 shortly after handing in his notice, a court has heard. George Leech, 20, created false invoices to pay companies connected to his own account while working for transport…
Details3M slashed its full-year earnings outlook and announced a restructuring plan. The company saw sales slump in several key businesses. Shares were down 8% early Thursday. Watch 3M trade live. 3M shares tumbled 8% on Thursday morning after the company slashed its outlook and announced restructuring efforts after seeing sluggish sales in key end markets.…
DetailsQueensland senator Fraser Anning. Picture: AAP Far right senator Fraser Annings candidate for the central Victorian seat of Bendigo says she has been illegally and unlawfully declared bankrupt, defending her decision to nominate in contravention of Section 44 of the Constitution. Former Bendigo councillor and anti-mosque activist Julie Hoskins Australian Electoral Commission nomination form shows…
DetailsSAP CEO McDermott with SAP CFO Mucic The last couple years, SAP earnings reports have had that tantalizing/frustrating pick your own narrative quality. Narrative 1 A software giant struggles to evolve into a modern SaaS business Narrative 2 A forward-thinking innovator continues a multi-year cloud transformation, bolstered by SaaS acquisitions You can certainly pick your…
DetailsVOTERS could face a number of zombie candidates, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
DetailsThe flagship convenience store business is humming, with revenues surging 29.8 per cent in 2019 to 3.776 trillion. This segment still punches above its weight from a group perspective, and provides the lions share of operating profits (about 80 per cent) while accounting for just over half of total revenues. Same-store sales growth in Japan…
DetailsBengaluru: In a major restructuring exercise, ride-hailing service Uber Technologies Inc. has appointed Pierre-Dimitri Gore-Coty to take charge of the companys Asia-Pacific rides business, the IPO-bound startup said on Wednesday. Gore-Coty will also continue in his current role, leading the rides teams across Europe, Middle East and Africa. Amit Jain, who started the rides business…
DetailsFar-right senator Fraser Annings candidate for the Victorian seat of Bendigo is an undischarged bankrupt, making her ineligible to nominate for the May 18 federal election. Former Bendigo councillor Julie Hoskin formally nominated for the central Victorian lower house seat yesterday, having completed the Australian Electoral Commissions new qualification checklist relating to section 44 of…
DetailsVoters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
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