Meg Whitman, the CEO of HP Enterprise, has come out with an official endorsement for Hillary Clinton in the U.S. presidential election this year. Such a move has earned her enough buzzes from the crowd to top Sentifi Attentions list today. Keep reading on Sentifi to find other hot stories in the financial market.
1/ Meg Whitman: Will vote for Hillary Clinton
Being a longtime Republican, Meg Whitman said Hillary Clinton has her full support, and she will donate a mid-six figure fund to Clinton’s campaign. Further, she called the GOP nominee Donald Trump “a dishonest demagogue” who is incapable of putting the country on the right path.
2/ Ofgem: Comes under fire for price comparison proposals
The energy watchdog Ofgem recently proposed that price comparisons websites can hide the cheapest deals on the market, which was criticized for its lack of transparency. Ofgem clung to the belief that the proposal will encourage the sites to offer more competitive deals.
3/ Emirates Airline: Reports an accident in Dubai
Emirates Airline reports one of its airplanes crash-landed in Dubai, which killed a firefighter and injured 10 more people. The plane is a Boeing 777, and 300 people were on board at the time of the accident.
4/ Tax Reform: India votes for sweeping tax reforms
India’s parliament has passed a tax reform that will bring 1.25 billion consumers into a single market for the first time. The reform will close tax loopholes while taxing more types of business, a territory that was previously left unregulated. Items such as electronics and motorbikes will decrease, while tobacco, fizzy drinks and services will see a sharp price increase.
5/ Bill Gross: Expresses miserable outlook for global economy
The well-known investor has just released his new investment outlook in which he asks five questions about the sustainability of the global economy. He declared the global economy is running out of steam, and further easing from the central banks will distort the markets.
6/ Didi Chuxing: Uber deal sparks concerns about monopoly
China’s Ministry of Commerce revealed it did not receive any merger filing from neither Didi nor Uber, to which Didi replied it deemed the documentation unnecessary due to the unprofitability of both companies. The deal is a major monopoly threat, and many critics have jumped on the case, arguing that a monopolist in loss is still a monopolist. The ministry made it clear that it will conduct an antitrust scrutiny in the deal.
7/ HP Enterprise: Undergoes another management and organizational shift
Senior VP and general manager of HPE Cloud Bill Hilf is leaving the company. Storage Chief Manish Goel is also leaving, and so is Managing Director of Sales for the Americas Robert Vrij. The fate of Helion group is also unclear, with breakup and closure being possibilities.
8/ Deutsche Post: Q2 profit increases
The German company recorded its best ever second quarter with group EBIT jumping to €752 million. It is a 40 percent increase year over year. On the other hand, its group revenue decreased 3.5 percent year over year, an unfortunate hiccup in the company’s earnings which was caused by negative currency effects and lower fuel surcharges.
9/ GrabTaxi: Receives investment from Didi Chuxing and SoftBank
Didi and SoftBank Group are leading a funding round in GrabTaxi that could exceed $600 million. This investment will push total funds available to Grap past $1 billion. Southeast Asia is still an untapped market for both Didi and Uber, and with this latest funding, Didi just declared a war with Uber for this promising market.
10/ Rubicon Project: Stock crashes on outlook warnings
Rubicon shares nose-dived 33 percent after it announced a sharp cut to its full-year guidance. The news came as a disappointment because Q2 revenue grew 34 percent thanks to strong growth in Rubicon’s mobile, video and orders businesses.
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