Joe Bastianich said Friday that he knew Mario Batali said ‘inappropriate things’ to staff, but ‘never heard’ of sexual misconduct accusations The two are co-owners of the B&B Hospitality group with Bastianich’s mother Lidia, which includes 24 restaurants and five Italian markets across the U.S. Bastianich’s new comments come as a new report accuses him…
(Adds more detail) MOSCOW, Dec 22 (Reuters) – Metals and mining company Mechel has secured the backing of around 70 percent of creditors for a restructuring of its $1 billion syndicated loan, two sources familiar with the situation said. This brings Mechel close to achieving the 75 percent support from creditors needed to reach the…
Oi creditors have approved a restructuring plan that will take the struggling telco out of bankruptcy protection. According to Bloomberg and as a result of a 15-hour meeting, the terms of the restructuring plan include a proposal for Oi to repay its biggest single creditor Anatel In five yearly instalments after a 20 year grace…
Alphabet Inc said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse. Mr. Schmidt will continue to serve on the Alphabet’s Board of Directors and act as an adviser on…
SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse. He will continue to serve on the Alphabet’s board of directors and act…
By Salvador Rodriguez and Sonam Rai SAN FRANCISCO (Reuters) – Alphabet Inc said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse.He will continue to serve on the Alphabet’s board…
LONDON, United Kingdom BoF compiles the most important professional moves of the week. Chiara Ferragni takes on president role at TBS CrewBlogger-turned-businesswoman Chiara Ferragni has stepped up to helm her company, TBS Crew, as its new president and chief executive. Ferragni, whose new role is part of a business restructuring, succeeds Riccardo Pozzoli, co-founder and…
SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced a series of restructuring actions designed to sharpen the companys strategic focus and establish a more cost-efficient operating structure. As part of these changes, Immersion plans to take the following steps: Significantly reduce its presence in China…
MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation (NYSE: ATU) today announced results for its first quarter ended November 30, 2017. Highlights Consolidated sales increased 9% over the comparable prior year quarter with a 3% benefit from foreign currency rate changes. First quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 6%…
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