26 March, 2015 by The TZ Newswire Staff Comments Off on Google to pay CFO Porat more than $70 million in two years
Google to pay CFO Porat more than $70 million in two years
The company hired Morgan Stanley CFO Porat as its finance chief earlier this week, a sign it is aiming to rein in costs as it invests in new businesses such as self-driving cars and Internet-connected eyeglasses. Porat’s compensation package includes a grant of $25 million through restricted stock units, a $40 million biennial grant in 2016 and a special one-time $5 million sign-on bonus, Google said in a regulatory filing on Thursday. Porat, who will join Google on May 26, will also get an annual base salary of $650,000.
26 March, 2015 by The TZ Newswire Staff Comments Off on LightSquared bankruptcy exit plan earns court approval
LightSquared bankruptcy exit plan earns court approval
Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp (DISH.O) Chairman Charles Ergen. LightSquared’s case has been closely watched because its main asset, wireless spectrum, is considered very valuable. Under the plan greenlighted by Judge Shelley Chapman in U.S. Bankruptcy Court in New York, LightSquared will exit Chapter 11 under the control of Centerbridge Partners and Fortress Investment Group (FIG.N).
26 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: South Korea to join China-led investment bank
The Wall Street Journal: South Korea to join China-led investment bank
South Korea says it will join China’s planned development bank, the latest U.S.
26 March, 2015 by The TZ Newswire Staff Comments Off on Movers & Shakers: BlackBerry, Carnival, Finish Line earnings in focus
Movers & Shakers: BlackBerry, Carnival, Finish Line earnings in focus
Among the companies whose shares are expected to see active trade in Friday’s session are BlackBerry, Carnival, and Finish Line.
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26 March, 2015 by The TZ Newswire Staff Comments Off on Expect more BOJ easing: HSBC
Expect more BOJ easing: HSBC
Dominic Bunning, FX strategist at HSBC, expects more monetary stimulus this year on the back of recent weak inflation figures.
26 March, 2015 by The TZ Newswire Staff Comments Off on Another Oligarch Preaches To The Peasants: Charlie Munger Says "Prepare For Harder World"
Another Oligarch Preaches To The Peasants: Charlie Munger Says "Prepare For Harder World"
26 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: H-P nears deal to sell control of Chinese unit
The Wall Street Journal: H-P nears deal to sell control of Chinese unit
Hewlett-Packard is nearing a deal to sell control of its data-networking business in China to Tsinghua Unigroup, The Wall Street Journal reports.
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