Bloomberg AT&T Inc. chose a powerful insider to bolster its Washington presence by hiring Margaret Peterlin, a lawyer who occupied a top perch in the Trump administration’s State Department after advising leading congressional Republicans. Peterlin has begun work as a senior vice president for global external and public affairs, one of several executives reporting to Dallas-based David McAtee, who’s organizing ...
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US hiring topped forecasts in June, wage gains slow
Bloomberg US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding. Nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance, Labor Department figures showed. The median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs. Average hourly earnings ...
Read More »Sonos files for public offering
Bloomberg Sonos Inc. filed for a US initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple. Along with rich rivals, the company warned that an escalation of the trade war between the US and China could significantly damage its business. The Santa Barbara, California-based company filed with an offering ...
Read More »Univision mulls selling of ex-Gawker websites
Bloomberg Univision Holdings Inc. is considering selling its English-language websites, including the former Gawker properties, according to people with knowledge of the situation. The move would put a group of sites such as Gizmodo, Deadspin and Jezebel on the block, said the people, who asked not to be identified because the deliberations are private. Univision is working with financial advisers ...
Read More »VP honoured for Arab development work
CAIRO / WAM The Arab League has honoured Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum with the ‘Arab League Shield for Leadership in Arab Development’ in recognition of his contributions to the development of the Arab world, and his innovative vision for empowering Arab communities, spreading knowledge, ...
Read More »e-ticketing system for Dubai Frame launched
Dubai / WAM Dawood Abdulrahman Al Hajiri, Director-General of Dubai Municipality, on Wednesday launched the e-ticketing system for Dubai Frame through its new website and also the smartphone app, which provides visitors with an easy way to book their tickets in advance and ensure their preferred time of visit. The new system offers a wide range of e-services, including detailed ...
Read More »7,000 Yemenis receive UAE aid in Hodeidah
HODEIDAH / WAM The Emirates Red Crescent (ERC), distributed 1,000 food baskets to residents of Al Hima in At Tuhayat District of Hodeidah, Yemen. This latest distribution of food aid benefits 7,000 Yemenis as part of UAE efforts to provide necessary humanitarian and relief assistance to individuals in liberated areas of Yemen’s Red Sea Coast. Saif Al Dhaheri, ERC Representative ...
Read More »Empower connects 40 buildings with district cooling in H1
Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the connecting its district cooling services to 40 buildings in the first half of the year, 2018. Total connected load during this period is more than 52,000 Refrigeration Tonnes (RT). Empower also announced that it has awarded the contractors and suppliers with 25 ...
Read More »DGCX expands collateral basket in partnership with StanChat
Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) and its Central Counter Party (CCP) subsidiary, Dubai Commodities Clearing Corporation (DCCC), announced that clearing members can now deliver eligible global securities as collateral. To underpin the expansion of the collateral basket, Standard Chartered Bank (StanChat) will provide Custody Management Services on this additional form of collateral and will be ...
Read More »Enec hosts ‘Knowledge Sharing Forum’
Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), on Wednesday hosted a Knowledge Sharing Forum in Abu Dhabi, to learn about the best practices used to develop, manage and implement the UAE Peaceful Nuclear Energy Programme, and how these can be applied to other sectors. The forum brought together more than 300 delegates representing a diverse range of ...
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