Google faced a highe

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Google faced a higher tax rate of 22 percent

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Ex-IBM exec sentenced to prison term

first_img whatsapp ROBERT Moffat, a former IBM senior executive whose extra-marital affair with a trader ensnared him in the Galleon hedge fund insider trading probe, was sentenced yesterday to six months in prison and a $50,000 (£32,410) fine.Moffat pleaded guilty in March to securities fraud and conspiracy in connection with tips he passed on about IBM’s business dealings to Danielle Chiesi of New Castle Funds, which is related to the Galleon case.Manhattan federal court judge Deborah Batts, in imposing the sentence on Moffat, said he had committed “an outstanding breach of fiduciary duty” to IBM by tipping Chiesi. Moffat did not trade on information and did not make any money, his lawyers said. Moffat’s more than three-decade-long career at IBM was left in ruins after his arrest in October 2009 for what US prosecutors said was a minor role in the purported scheme. He was once considered a candidate to become IBM’s chief executive. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Monday 13 September 2010 7:35 pm Share Ex-IBM exec sentenced to prison term whatsapp KCS-content Tags: NULLlast_img

WYG says it will continue to slim down after cuts

first_img Monday 27 September 2010 8:04 pm KCS-content TROUBLED engineering consultant WYG said yesterday its major restructuring was on track, after announcing pared losses for the year of £21.9m. The company, which undertook a debt for equity swap with its lenders in January, said it cut 620 jobs in the year to 30 June, costing £8m in redundancy payments and office closures. More cost-saving measures are expected in the current financial year, said chairman Mike McTighe. Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proofcenter_img Share WYG says it will continue to slim down after cuts “The much awaited outcome of both the comprehensive spending review and the strategic defence spending review continues to induce paralysis across both the public and private sector markets,” said TigheRevenue at the firm fell 16 per cent to £220.6m. Shares in the firm, which was recently demoted to the AIM market, dropped 8.8 per cent to 28.5p. whatsapp Tags: NULLlast_img

Danish provider of UK public services plots £1.5bn listing

first_img Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp whatsapp DANISH outsourcer ISS, one of Britain’s largest providers of public sector services, said yesterday it expected to raise $2.4bn (£1.5bn) with an initial public offering (IPO).The firm, which counts hospital catering staff and cleaners amongst the 41,000 people it employs in Britain, is considering a Copenhagen listing in one of the biggest stock market offerings in Europe so far this year.ISS will use the proceeds to pay down debt and to develop a growth strategy. Part owned by Goldman Sachs Capital Partners and EQT, the private equity vehicle operated by Sweden’s Wallenberg family, the firm had been slated for an $8.5bn sale to Apax partners, the London-based private equity house.However, its owners have instead pursued an IPO on Copenhagen’s Nasdaq OMX exchange, with the firm’s share price range to be revealed next month. ISS yesterday revealed an increase in revenue to £8.4bn over last year, with operating profits of £462.4m.Chief executive Jeff Gravenhorst said: “We look forward to offering potential new shareholders in ISS the opportunity to be part of our growth and development going forward.” Thursday 17 February 2011 8:26 pm Show Comments ▼ KCS-content Tags: NULL Danish provider of UK public services plots £1.5bn listing last_img

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