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Ebix Chief Gets $1.8 Million Bonus Days Before Bank Loan Is Due
Ebix Chief Gets $1.8 Million Bonus Days Before Bank Loan Is Due
Ebix Inc. Chief Executive Officer Robin Raina received a $1.8 million bonus last week, even as a Sept.
2023-09-26 08:18
EU businesses 'questioning their position' in China: trade commissioner
EU businesses 'questioning their position' in China: trade commissioner
European businesses in China are increasingly questioning their positions in the face of tough new security laws and a politicisation of trade, an EU commissioner...
2023-09-25 11:02
Manchester City acknowledge risk of charges after posting record £712m revenue
Manchester City acknowledge risk of charges after posting record £712m revenue
Manchester City have acknowledged the Premier League charges facing them risk having a “material impact” on the club, as they posted a league-record revenue figure of over £700million. City earned £712.8m in the year ending June 30, an increase of almost £100m compared to the previous year and far outstripping the £648.4m Premier League record set by Manchester United when their most recent results were announced last month. City’s run to the Champions League final – where they beat Inter Milan 1-0 in June – contributed to total broadcast revenue of £341.4m, including £113.85m just from UEFA. However, the club’s annual report mentioned the 115 charges issued against them by the Premier League in February under the ‘Risks and Uncertainties’ section. “The board acknowledges that there are a number of risks and uncertainties which could have a material impact on the club’s performance,” the report stated. As well as the Premier League charges, the performance of the first team and any future regulatory changes introduced by the Premier League, the Football Association, UEFA and FIFA were also cited as risks and uncertainties facing the club. Introductory statements in the annual report from chairman Khaldoon Al Mubarak and chief executive Ferran Soriano made no reference to the charges. Khaldoon said: “In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’ “The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate in order to achieve new levels of performance both on and off the field. “We will continue to question all the industry norms, we will evaluate our successes and learn from any failures. We will not be afraid to set new goals and develop new strategies that deliver for our club, its communities and stakeholders and especially for the fans.” Matchday revenue was recorded at £71.9m, while profit from player trading was up to over £120m. However, the club’s total payroll costs were just under £423m, up from just under £354m in 2022. That was despite head count dropping from 549 to 520. Read More Jannik Sinner scores first career win against Novak Djokovic in Turin Emma Hayes: Winning Champions League would be fairytale end to time at Chelsea Winter sun will have to wait for Ezri Konsa as he looks to take England chance
2023-11-15 13:00
'Take Rosie with you': Cher gets the mega-troll treatment after saying she may leave US if Donald Trump is elected in 2024
'Take Rosie with you': Cher gets the mega-troll treatment after saying she may leave US if Donald Trump is elected in 2024
Cher vowed to leave the US if Donald Trump is elected President again
2023-10-19 15:41
Ranking the top 5 power forwards for the 2023-24 season
Ranking the top 5 power forwards for the 2023-24 season
The power forward position has evolved tremendously over the last decade but it's still home to some of the most impactful players in the NBA. Here are the top five.
2023-09-12 03:36
Ford 2Q profit surges on strong revenue, earnings per share top estimates
Ford 2Q profit surges on strong revenue, earnings per share top estimates
Ford Motor Co.’s second-quarter profit surged to nearly three times more than a year ago to $1.92 billion on stronger revenue and sales
2023-07-28 04:23
NFL players who have been suspended for gambling policy violations
NFL players who have been suspended for gambling policy violations
Four more NFL players have been suspended for violating the league's gambling policy
2023-06-30 06:02
When Lionel Messi can make his Inter Miami debut
When Lionel Messi can make his Inter Miami debut
Here is when Lionel Messi will be making his debut following his move to Inter Miami.
2023-06-09 01:00
What to know as King Charles takes part in his first Trooping the Color birthday parade as monarch
What to know as King Charles takes part in his first Trooping the Color birthday parade as monarch
King Charles III has taken part in his first Trooping the Color ceremony as U.K. monarch
2023-06-17 22:10
Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition
Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition
Elon Musk reportedly took out a $1bn loan from his company SpaceX the same month that he acquired Twitter, now known as X, according to theWall Street Journal. SpaceX approved the loan – which was secured by some of his stock in the company – in October 2022, according to the Journal. That same month, Mr Musk drew all of it down. The SpaceX founder returned the $1bn – with interest – to the company one month later, the Journal reported. It’s unclear why the richest person in the world now and in October 2022, when he took over the social media giant, took out the loan. He bought the social media company for $44bn, which seemed to contribute to him losing that top slot, until he was renamed the world’s richest person in June 2023. The publication also noted that in November 2022, when he repaid the loan, Mr Musk sold $3.95bn in shares in another one of his companies, Tesla. The following month, he sold another $3.58bn in Tesla stock. That year in total, Mr Musk had sold nearly $23bn worth of Tesla stock since April – fuelling speculation that the funds were likely going toward his social media platform acquisition. This isn’t the first time that Mr Musk has taken out money from one of his ventures to aid another. In 2009, Mr Musk reportedly borrowed $20m from SpaceX to support Tesla. More recently, in 2015 and 2016, SpaceX poured $330m in bonds into his solar panel company SolarCity. Tesla ended up acquiring SolarCity in 2016. SpaceX has recently come under fire, as the Justice Department sued the company last month for alleged hiring discrimination practices. SpaceX’s “discriminatory hiring practices were routine, widespread, and longstanding, and harmed asylees and refugees,” the filing stated. The Independent has reached out to SpaceX for comment. Read More Starship ‘ready to launch’, Elon Musk says Elon Musk calls Burning Man ‘best art on Earth’ amid chaos that saw thousands stranded and one dead Elon Musk vows to sue ADL for calling him antisemitic after he promoted antisemitic campaign on X
2023-09-06 22:48
$1 Million Check Presentation by Rivers Casino to Penn Treaty SSD Helps Riverwards Neighborhoods
$1 Million Check Presentation by Rivers Casino to Penn Treaty SSD Helps Riverwards Neighborhoods
PHILADELPHIA--(BUSINESS WIRE)--Oct 20, 2023--
2023-10-21 00:33
Stanton homers and Yankees beat Pirates 6-3, improving to 5-1 on 6-game trip
Stanton homers and Yankees beat Pirates 6-3, improving to 5-1 on 6-game trip
Giancarlo Stanton hit a solo home run in the third inning for just his second hit in eight games, New York relievers retired 15 consecutive batters and the Yankees beat the Pittsburgh Pirates 6-3 to move three games over
2023-09-17 09:31