Saber announces the retirement of its Chief Financial Officer, Doug Barnett
Barnett, a highly regarded financial executive and business partner, will step down August 22 The company hires a veteran of the sector Mike Randolfi as his successor SOUTH LAKE, Texas, July 28, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, today announced the retirement of its Chief Financial Officer. Doug Barnett. Barnett has been an integral part of Saber’s executive leadership team since 2018, when he joined the company as CFO. Barnett will be succeeded by Mike Randolfi who joins the company August 22. Barnett will remain with Saber until…
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China is eschewing the GDP growth focus to focus on jobs and prices
China’s rulers sidestepped the issue of GDP growth for the rest of the year in their latest statement of intent to say they would focus on “employment, prices and results”. State media, following a high-level meeting of the ruling Communist Party, said China should “stabilize employment and prices, keep economic operations within a reasonable range and strive to achieve the best possible results” for the second half of 2022. Xinhua News Agency was reporting on a meeting of the 25-member Politburo chaired by President Xi Jinping that had convened to assess the economy. Also in AF: IMF urges China to…
Read More »Fake news causes erectile dysfunction pill maker to go vertical
GlobeNewswire, we meet again. . . Shares of Petros Pharmaceuticals, a developer of treatments for erectile dysfunction and penile deformity listed on the Nasdaq, are suspended 230% on apparently fake news that it is being acquired. Five minutes before the opening of the American markets, the GlobeNewswire The distribution platform sent out a statement announcing a $67.2 million bid from private equity group Henry Crown and Company. It was picked up to repeat on all the usual aggregation services, including Petros investor relations page. Just under an hour later (also via GlobeNewswire!) Petros”confirmed that a press release issued on July…
Read More » China, Switzerland launch latest stage of cross-quotation exchange
China and Switzerland have completed another part of their tie-up on a joint stock trading and listing platform. The last stage, part of a project started in 2019 by Swiss stock exchange SIX and the Shanghai and Shenzhen stock exchanges, saw the establishment of the Swiss part of the operation. The platform, Stock Connect, provides a cross-listing framework that enables companies to raise capital by issuing and listing Global Depositary Receipts (GDRs) on SIX and Chinese Depositary Receipts on Chinese stock exchanges. Four Chinese companies active in clean energy and battery technology are listing GDRs on SIS: Keda Industrial Group…
Read More »American Express Global Business Travel to report Q2 2022 financial results on August 11, 2022
NEW YORK–(BUSINESS THREAD)–American Express Global Business Travel (“Amex GBT”) (NYSE: GBTG), the world’s leading B2B travel platform, today announced that it will report second quarter 2022 financial results on August 11, 2022 before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Managing Director, and Martine Gerow, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook. The webcast is expected to last approximately one hour and can be accessed by visiting the Investor Relations section of the Amex GBT website at www.investors.amexglobalbusinesstravel.com. A replay of the webcast will be available on…
Read More »Hemisphere Media Group announces certain preliminary financial results for the second quarter of 2022
MIAMI, July 28, 2022 /PRNewswire/ — Hemisphere Media Group, Inc. (NASDAQ: HMTV) (“Hemisphere” or “the “Company”), the only publicly traded US pure-play media company targeting the high-growth Hispanic and Latin American markets with leading cable and broadcast platforms and digital content, today announced preliminary estimated ranges for certain items in the income statement and balance sheet for the second quarter ended June 30, 2022. President and CEO of Hemisphere, Alan Sokolsaid: “Our preliminary second quarter results demonstrate the resilience of our business, even amid a challenging operating environment. WAPA continued to build on its leadership position in premium content, representing…
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The gas crisis increases the risk of recession for the euro zone economy affected by inflation
The eurozone is expected to post growth slightly above zero in the second quarter, but economists expect a steady deterioration in the bloc’s economy over the next year as recession risks loom. Eurostat’s first estimate of second-quarter gross domestic product, released on Friday, is expected to show a 0.1 percent expansion from the previous quarter, according to a Reuters poll. That marks a sharp deterioration in growth from 0.6% in the previous three months and would be the weakest performance since a surge in coronavirus infections and restrictions dragged the bloc into a brief recession in early 2021. Russia’s invasion…
Read More »Citi joins the Economic Opportunity Coalition as a founding member to accelerate financial inclusion for all
NEW YORK–(BUSINESS THREAD)–Citi today announced its participation as a founding member of the Economic Opportunity Coalition (“EOC”). This is an effort by the Biden-Harris Administration to catalyze and align public and private investments that will address economic disparities and accelerate economic opportunity in underserved communities across the US. The newly created program consists of corporations and foundations, all of which are committed to aligning significant investments in underserved communities with investments made by the Biden-Harris Administration. “At Citi, we recognize that closing the racial wealth gap is imperative not only for communities but for businesses. We need collective action from…
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