DIRS.INFO The most relevant business & tech news

☆ Sex Harassment Suit Is Fourth This Year for a Top Adams Adviser
▼ + stars: | 2024-07-30 | by ( William K. Rashbaum | Dana Rubinstein | ) www.nytimes.com time to read: +1 min

The adviser, Timothy Pearson, also once sexually abused a female pastor, manipulated her into having sex with him and was abusive during the encounter about 10 years ago — prompting her to file a criminal complaint against him, the suit says. The lawsuit is the fourth action this year to accuse Mr. Pearson of sexual harassment. Like two of the others, it was brought by a male police official who said he was disgusted by Mr. Pearson’s treatment of women at a small unit Mr. Adams created to improve government efficiency. Mr. Pearson declined to comment, referring a reporter to a City Hall spokeswoman and a lawyer the city has hired to represent him. That lawyer denied any wrongdoing on Mr. Pearson’s behalf and said he would vigorously defend him and the city against the claims.

Persons: Eric Adams, ”, Timothy Pearson, Mr, Pearson, Adams, Pearson’s Organizations: New York Police Department, City Hall

Bishop Carlton Pearson died Sunday night in hospice care in Tulsa due to cancer, said his agent, Will Bogle. Pearson was shunned by other evangelical leaders, branded a heretic and later became a United Church of Christ minister. Pearson ran unsuccessfully for Tulsa mayor in 2002, a defeat he blamed on public reaction to his teachings. Pearson in 2000 was among a group of 30 clergy who advised then President-elect George W. Bush on faith-based social programs. Pearson is survived by his mother, a son, a daughter and his former wife, Bogle said.

Persons: Bishop Carlton Pearson, Will Bogle, Pearson, Bogle, Bishop Pearson, didn't, ”, Chiwetel Ejiofor, Oral Roberts, I’m, ” Pearson, “, Louis Farrakhan, Martin Luther King Jr, Farrakhan, George W, Bush Organizations: OKLAHOMA CITY, Trinity Broadcasting Network, United Church of, Unitarian, Netflix, Oral Roberts University, Tulsa, Facebook, YouTube, Washington , D.C Locations: Oklahoma, Tulsa, “, Washington ,

☆ Australia Voice referendum: Voters urged to 'choose love' as polls show referendum poised to fail
▼ + stars: | 2023-10-13 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

A No campaign worker hands out leaflets outside an early voting center on October 4, in Ballina, Australia. “But it’s also about love of ourselves, whether we have the courage to love what Australia is. Lisa Maree Williams/Getty ImagesNo love for Yes campaignHowever, a leading No campaigner mocked Pearson’s speech, accusing the Yes campaign of promoting empty slogans. “The Yes campaign, it’s the vibe. If the referendum fails, Albanese said he will respect the democratic vote of the nation and won’t legislate a Voice to Parliament.

Persons: Anthony Albanese, –, James D, Morgan, Albanese, Stringer, ” Albanese, it’s, Noel Pearson, ”, Pearson, Amar Singh, Rachel Perkins, Lisa Maree Williams, they’ve …, Nyunggai Warren Mundine, Mundine, “, you’ve, ’ ”, there’ll, we’ve, ” Mundine, “ We’re Organizations: Australia CNN, Nations, Aboriginal, Torres Strait Islanders, Voice, Australian, Getty, National Press Club, Australian Broadcasting, Indigenous Locations: Brisbane, Australia, Ballina, Uluru, AFP, Sydney

☆ Sanction shocker delays UBS valuation upgrade
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

That’s one lesson from the $3 billion slide in market value for his bank UBS (UBSG.S) on Wednesday. The report says that the DOJ is launching a full-scale investigation into Credit Suisse, which UBS now owns after a state-backed rescue in March. UBS has about $6 billion of provisions set aside for legal and regulatory bills, suggesting shareholders are well protected against Credit Suisse’s historic nasties. After Wednesday’s slide, UBS’s share price is almost exactly in line with its most recent tangible book value per share, compared with a roughly 30% premium back in early March. The implication is that investors are less excited about UBS’s prospects after incorporating Credit Suisse than they were about its standalone story.

Persons: Sergio Ermotti can’t, Liam Proud, ’, quagmire, Neil Unmack, Oliver Taslic Organizations: Reuters, UBS, Bloomberg, U.S . Department of Justice, DOJ, Credit Suisse, Credit, X, Thomson Locations: Ukraine

☆ Net neutrality may be US regulators’ next quagmire
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Jonathan Newton/Pool via REUTERS Acquire Licensing RightsNEW YORK, Sept 26 (Reuters Breakingviews) - U.S. regulators risk another quagmire. The Federal Communications Commission wants to reinstate net neutrality rules that regulate how traffic flows on the internet. As with antitrust enforcers’ often-frustrated deal crackdown, the agency is stuck in a cycle of trying to litigate future problems, today. Regulators are trying to use yesterday’s tools to address the hypothetical problems of tomorrow. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jessica Rosenworcel, Jonathan Newton, ’, Donald Trump, Joe Biden’s, Jennifer Saba, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: U.S . Senate Commerce, Science, Transportation Committee, Federal Communications Commission, REUTERS Acquire, Reuters, Verizon Communications, Netflix, Regulators, X, Republicans, Thomson Locations: Washington , U.S, U.S, Ukraine

☆ Republicans leave Ukraine, weed, crypto in limbo
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

U.S. House Speaker Kevin McCarthy speaks with reporters at the U.S. Capitol in Washington, U.S. September 20, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsNEW YORK, Sept 21 (Reuters Breakingviews) - Legislative casualties of U.S. Congress’s budget fight are emerging. His caving to extreme members of the party augurs poorly for measures like Ukraine aid and cannabis banking. Republicans including Representative Matt Gaetz and Representative Andy Biggs have already denied calls for new Ukraine aid. By siding with further-right members, McCarthy gives them more power to hold the line.

Persons: Kevin McCarthy, Jonathan Ernst, Joe Biden, Biden, McCarthy, Matt Gaetz, Andy Biggs, Ben Winck, Bernie Sanders’s, Lauren Silva Laughlin, Sharon Lam Organizations: U.S, Capitol, REUTERS, Reuters, Republican, Wednesday, Banking, X, Thomson Locations: Washington , U.S, U.S, Ukraine, Washington

Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.

Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru

☆ Pearson’s pricey CEO will rile shareholders
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 20 (Reuters Breakingviews) - Pearson (PSON.L) is baiting shareholders with its choice of new CEO. The 57-year-old will receive 13 million pounds’ worth of cash and restricted shares on top of his normal pay as compensation for leaving Microsoft. Such generosity is questionable considering that in April nearly half of the London-listed company’s shareholders voted against a pay package of more than 8 million pounds for Bird. Despite its greater digital focus, Pearson’s revenue is expected to flatline over the next three years, LSEG forecasts show. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Pearson, Andy Bird, Omar Abbosh, There’s, Aimee Donnellan, Bernie Sanders’s, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Microsoft, Disney, X, Thomson Locations: London

☆ Cazoo’s debt fix points to bumpy ride
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

That’s not the fate of shareholders in UK-based and U.S.-listed Cazoo (CZOO.N), which has just announced a brutal debt restructuring. Under the deal announced on Wednesday, bondholders will swap $630 million of convertible notes for $200 million of fresh debt and a large slug of the equity. The debt cut will do little to fix Cazoo’s rickety engine. Although the company had 195 million pounds of cash at the end of June, it burnt through over 50 million pounds in the previous six months. And revenue this year is expected to fall nearly 40%, as customers racked by high interest rates tighten their belts.

Persons: That’s, Cazoo, Aimee Donnellan, Bernie Sanders’s, Neil Unmack, Oliver Taslic Organizations: Reuters, Thomson Locations: U.S

☆ Disney’s theme parks reveal shrunken treasure
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Acquire Licensing RightsNEW YORK, Sept 20 (Reuters Breakingviews) - Bob Iger can’t get off the roller coaster. Walt Disney’s (DIS.N) chief executive plans to double the Magic Kingdom’s investment in theme parks and other experiences to $60 billion over the course of about 10 years. On the other, Disney’s dwindling cash and the increasing demands for it is cause for concern. One issue is that Disney’s free cash flow has plummeted. No wonder adding theme parks to the list is making shareholders skittish.

Persons: Bob Iger can’t, Walt Disney’s, Iger, Jennifer Saba, Bernie Sanders’s, Jeffrey Goldfarb, Sharon Lam Organizations: Writers Guild of America, Walt Disney Studios, Reuters, Disney, Comcast, Pearson’s, Thomson Locations: Burbank , California, U.S, Hulu

Search resuls for: "Pearson’s"

10 mentions found