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During the IPO roadshow, Uber’s chief executive, Dara Khosrowshahi, will be tasked with convincing investors that he has successfully changed the company’s culture and business practices after a series of embarrassing scandals over the last two years. Those have included sexual harassment allegations, a massive data breach that was concealed from regulators, use of illicit software to evade authorities and allegations of bribery overseas. Uber last year had revenue of $11.3 billion, while gross bookings from rides was $50 billion tiffany engine turned cufflinks. But the company lost $3.3 billion, excluding gains from the sale of its overseas business units in Russia and Southeast Asia..
(Reuters) – WarnerMedia Chief Executive John Stankey denied a report on Wednesday that parent company AT&T was considering selling its HBO Europe business, calling it “baseless and inaccurate” tiffany engine turned cufflinks. The Financial Times report, citing current and former senior executives, said AT&T had internally discussed selling HBO Europe as part of efforts to reduce a debt pile of $170 billion. “We normally do not comment on speculation, but when a news outlet is advised that their reporting is factually incorrect and report it anyway, we feel compelled to set the record straight,” Stankey, who heads the newly created unit of AT&T, said in a statement..
“There is no truth whatsoever to the Financial Times’ story saying AT&T is or has considered selling HBO Europe. It’s completely baseless and inaccurate tiffany engine turned cufflinks. HBO Europe is a valuable asset for our growth plans in Europe.”. The paper said that HBO Europe was one of several assets AT&T had considered selling but that it had not held formal talks with any potential buyers. In November, AT&T said it had committed to cutting its heavy debt load in 2019 through a variety of measures, including a review of all of its non-core assets such as its stake in streaming video company Hulu for possible sale..
(Reuters) – Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio. Joe Hinrichs was named president of its automotive unit and Jim Farley as president, new businesses, technology & strategy, effective May 1. Both the executives will report to Chief Executive Officer Jim Hackett, the company said. “In the past two years, we have made tangible progress in improving the fitness of our business, overhauled our regional strategies, created a winning product portfolio, and are working to transform Ford to succeed in an era of profound change and disruption,” Hackett said tiffany engine turned cufflinks.
SYDNEY (Reuters) – Shares in Australia’s Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd quit discussions for a A$10 billion ($7.1 billion) buyout, although some investors appeared to be hoping for a change of heart. Wynn, the world’s second-largest casino operator, walked away from the deal after details of the offer, which had sent Crown shares soaring more than 20 percent, became public through a leak to an Australian newspaper. The indicative offer for Australia’s biggest casino operator had been viewed by investors as opportunistic but also only the beginning of a drawn-out pursuit tiffany engine turned cufflinks. That is a lot less likely now..