April 25, 2019 Toronto, Ontario Department of Finance Canada
Every Canadian should feel good about what the future holds, and confident that support will be there when they need it. That includes Canadas seniors, who deserve a secure and dignified retirement after a lifetime of hard work.
Budget 2019 is the next step in the Governments plan to invest in the middle class, keep Canadas economy strong and growing and make life more affordable for Canadians at all stages of their lives.
At a town hall hosted by the Canadian Association for Retired Persons, Minister of Finance Bill Morneau spoke about the Governments efforts to better support seniors as they retire-from boosting benefits for low-…
Read the full article at: https://www.miragenews.com/minister-morneau-talks-retirement-security-with-canadian-seniors/
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 in key markets, such as China, and litigation-related charges as key factors in its sub-par performance in the first three months of this year.
The news sent shares tumbling more than 9 per cent before the US market opened on Thursday, a drop that would put it on track for its biggest one-day fall since 1997. The decline was weighing heavily on futures for the Do…
Read the full article at: https://www.ft.com/content/2d95c8a4-6746-11e9-9adc-98bf1d35a056
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Cambridgeshire Police
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 firm Turners in 2018.
Cambridge Crown Court was told Leech, of Ely, Cambridgeshire, spent the money on holidays, gambling and tattoos.
Leech was detained for two years after admitting fraud by abuse of position.
Pro…
Read the full article at: https://www.bbc.com/news/uk-england-cambridgeshire-48053116
- 3M 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.
The first quarter was a disappointing start to the year for 3M, said CEO Mike Roman in the earnings release.
We continued to face slowing conditions in key end markets which impacted both organic growth and margins, and our operational execution also fell short of the expectations we have for ourselves. As a result, we have stepped up a…
Read the full article at: https://www.businessinsider.com/earnings-3m-tumbles-after-slashing-announcing-restructuring-2019-4
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 she has ticked the yes box in relation to the question, Are you currently an undischarged bankrupt or insolvent?.
Ms Hoskins answer raises questions about why the commission has allowed her to nominate, given it is illegal for undischarged bankrupts to do so under Section 44 of the Constitution.
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A spokesman for the AEC told The Australian h…
Read the full article at: https://www.theaustralian.com.au/nation/politics/bankruptcy-illegal-candidate/news-story/ddefb530276e6595daf214d2bdc0844c
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 narrative with SAPs Q1 2019 results, released a couple of weeks before a pivotal Sapphire Now event. Not surprisingly, SAPs latest numbers are impacted by two developments:
Following the cloud transformation narrative, upbeat news included:
- SAP reported a 26 percent increase in new cloud bookings for the first quarter at constant currencies.
- SAP announced 324 new clo…
Read the full article at: https://diginomica.com/sap-earnings-q1-2019-accounting-for-qualtrics-and-restructuring-as-an-activist-investor-takes-a-stake/
VOTERS 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 clear to run in the 2019 federal election.
While the AEC does not have the power to reject his nomination regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate it has provided the form to the Australian Federal Police to examine if a false declaration has been made, relating to his status as an undischarged bankrupt.
Read the full article at: https://www.communitynews.com.au/western-suburbs-weekly/news/federal-election-2019-election-umpire-refers-wa-candidate-to-police
The 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 was up 1.3 per cent year-on-year. Spending per customer ticked up, with a higher proportion of ready-to-eat meals in the sales mix (part of a national trend). During the reporting period the company added 616 stores in Japan, taking the total to 20,876. Just over 903 US stores were added, to a total of 9573.
The group earnings miss was largely due to the weak performance of the department stores, which …
Read the full article at: https://www.afr.com/personal-finance/budgeting/restructuring-at-7-eleven-owner-sets-scene-for-earnings-recovery-20190423-p51gjg
Bengaluru: 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 in India and headed Uber Indias operations before taking up the responsibility as the head of the Asia Pacific business, has furnished his resignation.
After four great years, Amit Jain will be leaving Uber at the end of May to spend time with his family before taking the next step in his career,” Uber chief operating officer Barney Harford said in a stateme…
Read the full article at: https://www.livemint.com/companies/people/uber-aligns-india-business-with-europe-amit-jain-to-quit-end-may-1556097089788.html