BRIEFCASE FORMER TV GUIDE EXECS TO GET PAY.Byline: - Staff and Wire Services Regulators cannot withhold $37.6 million in payments to former Gemstar-TV Guide executives accused of fraud, because it has not been shown that the payments are ``extraordinary,'' a federal panel ruled Wednesday. Former chief executive Henry Yuen and Elsie Leung Elsie Leung Oi Sie GBM JP (Traditional Chinese: 梁愛詩, born 1939 in Hong Kong with family root in Nanhai, Guangdong) was the Secretary for Justice of the Hong Kong Special Administrative Region from 1997 to 2005, and , former chief financial officer, negotiated the payments when they left Gemstar-TV Guide in November 2002, during restructuring sparked by an audit showing that the Los Angeles-based company overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o certain revenues. The panel gave the government 14 days to submit additional proof the payments to Yuen and Leung were extraordinary. Principal to sell its mortgage arm DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, - Principal Financial Group Inc. said Wednesday that it has agreed to sell its mortgage-banking business to Citigroup in a deal worth $1.26 billion. Under the agreement, Citigroup will acquire the stock of Principal Residential Mortgage Inc., and its mortgage employees will transfer to Citigroup. The transaction has been approved by Principal's board of directors and is expected to close in the third quarter, subject to regulatory approval, the company said. Principal expects that the transaction initially will reduce operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before per share by approximately eight to 10 cents per quarter, based on estimated normalized quarterly earnings for the mortgage business. Enron workers set to share millions WASHINGTON - Former Enron employees who lost millions of dollars in retirement money in the company's stunning collapse would get at least $66.5 million from two newly reached settlements of lawsuits, Labor Secretary Elaine Chao said Wednesday. The employees had alleged in a class-action suit Noun 1. class-action suit - a lawsuit brought by a representative member of a large group of people on behalf of all members of the group class action that they lost more than $1 billion because the now-bankrupt energy company and its officers failed to execute their duties in administering Enron's pension plan. The partial settlement calls for the company employees who were trustees of the plan to hand over an $85 million insurance policy that covered them against liability. It resolves the claims against Enron's human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. staff and company directors, but not those against the company itself and Kenneth Lay, who had been Enron's chairman, and former chief executive Jeffrey Skilling. Wal-Mart to pay storm-runoff fine WASHINGTON - Wal-Mart Stores Inc., the nation's largest retailer, will pay a $3.1 million fine to settle a Clean Water Act violation stemming from excessive storm-water runoff from its construction sites, federal officials said Wednesday. Wal-Mart also agreed in the settlement with the Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and and Justice Department to improve runoff controls at the more than 200 sites each year where the company builds stores, including Sam's Club outlets. WGA WGA Windows Genuine Advantage (Microsoft) WGA Writers Guild of America (union for screenwriters) WGA Wise Giving Alliance (Better Business Bureau) WGA wheat germ agglutinin talks will resume June 1 Talks between the Writers Guild of America The Writers Guild of America is a term often referring to the joint efforts of the Writers Guild of America, East and the Writers Guild of America, west. Jointly, the two guilds act as the collective bargaining representative, or labor union, for writers in the motion picture and , Hollywood producers and three broadcast networks will resume June 1, the two sides said Wednesday. The delay gives both sides time to attend to other pressing matters, including presenting the networks' fall schedules to advertisers over the next two weeks in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Producers and writers got back together Wednesday after adjourning last week. The groups decided to continue talks among smaller groups on various smaller issues over the next few weeks. |
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