May 12 2017
BT BT.L will cut 4,000 jobs and replace the boss of its global services business in a plan to tackle the source of an Italian accounting scandal that stunned Britain's biggest telecoms group in January.
Current group CEO Gavin Patterson and previous group CFO Tony Chanmugam have lost bonuses as a result.
The moves - described as "difficult decisions" by the firm's remuneration committee - follow BT's accounting scandal in Italy which helped wipe billions from the company's stock market value earlier this year.
BT didn't provide guidance for the fiscal year after this one, as it historically has, given uncertainty about the cost of proposals by communications regulator Ofcom to reduce wholesale broadband prices at BT's network unit, Openreach.
BT made the announcement, which will affect "back office and managerial roles", as it revealed fourth quarter results, which saw pre-tax profit fall 19% to £440 million.
According to BT, the division was now under strategic review with the goal of making it a "more digital business".
Patterson will be paid £1.34m for the year to the end of March, mostly consisting of his annual salary of £993,000, a 74% reduction on the £5.28m he received for 2015/16.
Ex-US NSA Michael Flynn ordered to hand over Russia probe documents
The longtime Trump confidante also said that Comey's firing "had nothing to do with Russian Federation ". Boente was only recently appointed as acting assistant attorney general for the U.S.
Teen's plea for free Wendy's nuggets sets retweet record
He is also selling T-shirts on his website , with a promise that all proceeds go to the Dave Thomas Foundation for Adoption . While it's nowhere near 18 million, it was enough to break the record for the most retweets and impress the fast-food chain.
Conditional De-escalation Zones and Humanitarian Aid in Syria
He said the US -led coalition aircraft would still be able to operate against the Islamic State group in specific areas. Moscow said that it was talking to "Jordan and a number of other countries" to sign up as backers of the initiative.
"The committee has made a number of hard decisions this year in light of these circumstances and exercised its discretion accordingly".
The jobs cuts would come in managerial and back office areas in a restructuring created to simplify the business, it said. Revenues rose 10 per cent to £6.1 billion.
The group's figures were hit by a £342 million Ofcom fine and related compensation payments.
"We take these issues extremely seriously and are putting in place new measures, controls and people to prevent them happening again".
Excluding one-offs and the impact of mobile network operator EE's acquisition, EBITDA (a measure of core earnings) fell 4.6% for the quarter and 2.9% for the full-year, indicating tough operating environment in "the United Kingdom public sector and global corporate markets".
"The cost savings will provide headroom to offset market and regulatory pressures and support increased investment in delivering great customer experience and leading networks", it added.
"Overall, it has been a tough year for BT", he said.
May 11 2017
Prince Philip to retire from royal duties
Officials said the queen, who turned 91 last month , will carry on her royal engagements with the support of the royal family . United Kingdom tabloid The Sun accidentally published an unfinished obituary of Prince Philip .
May 09 2017
Microsoft Cortana-Powered Speaker Challenges Amazon's Echo With Skype Calls
By partnering with Skype (which, like Cortana, is owned by Microsoft ), the Invoke will support Skype, phone and landline calls. Microsoft, Cortana and Skype are trademarks of the Microsoft group of companies .
May 09 2017
College football adds early signing period
I'm ambivalent on this move, mostly because I'm cynical about how coaches will wield this extra piece of leverage. Those players can sign financial aid papers in the winter, well before the February signing period.
May 08 2017
J&K: Militants give gun salute to slain associate at funeral
Meanwhile, complete shutdown was observed in Kulgam and adjoining areas against the killing of Fayaz Ahmad and three civilians. Ahmed had been on the run since August 2015 after his name cropped up in the Udhampur terror strike case.
May 08 2017
Google to launch Android 'O' Beta soon
The other reasoning is that the email states Google Play wants to start placing a greater focus on apps as a singular. A year ago during the same time, Marshmallow only had a share of 5.6 percent of the total devices running Android.
May 08 2017
School students clash with security forces in Kashmir
The students peacefully protested within the school premises amidst chanting of pro-freedom and anti-India slogans. Since April 15, more than 200 students have been injured across Kashmir in various Indian forces' violent action.
May 08 2017
Kushner's kin woo investors in China, offer green card in return
Instead of being able to buy a green card for as little as $500,000, rich foreigners might have to chip in $1.3 million or more . According to the Washington Post , Meyer's relationship with Kushner was included in promotional materials for the presentation.
May 07 2017
715 pounds lighter, Egyptian woman leaves India
When contacted, Dr Muffazal Lakdawala, who treated Eman at Saifee hospital, said that the hospital followed "normal protocols". How was Abd El Aty brought to the Indian hospital? "But they ensured that there was enough drama during the transfer.
May 06 2017
Chesapeake Energy Corporation (NYSE:CHK) & Pfizer Inc
Chesapeake Energy Corporation (CHK ) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. If you are viewing this piece on another domain, it was stolen and reposted in violation of global trademark & copyright laws.
May 06 2017
Rashid rampant as England leave sorry Ireland in a spin
However, Ireland have started the English innings in the flawless fashion, taking a wicket in the opening over. They advanced to 81 for two before a dramatic collapse where they lost their last eight wickets for 45 runs.
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