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The board said Riggio “upholds the highest standards of integrity and decency,” and called Parneros’ allegations about him “replete with lies and mischaracterizations.”. Parneros said he had not violated company policies and “always conducted himself in a professional manner.”. He is seeking more than $4 million of severance, plus other compensatory and punitive damages. Parneros’ lawyer, Debra Raskin, declined to elaborate on the complaint. Barnes & Noble has been struggling with years of falling sales and foot traffic as Amazon.com Inc (AMZN.O) and other rivals take away business.
Parneros black and white sheep cufflinks joined in late 2016 as chief operating officer, after 28 years at Staples Inc, and succeeded Riggio as CEO six months later, According to the complaint, Riggio became “extremely upset” when the takeover bid fell through, believing it denied him a “graceful exit” from the company, The complaint said Riggio stopped returning Parneros’ phone calls and texts, while continuing to meet with other executives, despite there being “no suggestion” Parneros was at fault..
But Parneros said Riggio told him on July 2 he would be “fired for cause for violating the sexual harassment policy and cited his interactions with an executive assistant and purported mistreatment of Allen Lindstrom.”. Barnes & Noble’s announcement of Parneros’ termination said it was for “violations of the company’s policies,” and not disagreement over its financial practices. The complaint said Barnes & Noble’s “defamatory statements have caused Parneros significant injury.”.
(Reuters) - U.S, cable and satellite TV providers Altice USA Inc black and white sheep cufflinks (ATUS.N) and Dish Network Corp (DISH.O) have urged U.S, regulators not to approve the planned merger between T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) in its current form, according to filings published on Tuesday, The $26 billion deal between the two U.S, wireless carriers, which would shrink the wireless market to three big players from four, faces a review from the Justice Department and the Federal Communications Commission (FCC)..
In the filing with the FCC, Altice said it opposed the merger and called for the regulator to put conditions on the deal, including requiring the combined T-Mobile to honor its partnerships with Altice and other companies that rely on its network, and even divest wireless spectrum that the companies can use. Altice plans to resell Sprint’s wireless service under its own brand next year, but is limited to selling its phone plans in the cable provider’s current markets. While that agreement still stands, Altice said it was concerned about T-Mobile’s willingness to allow Altice to expand its wireless service nationwide and over the long term, since the carrier has made “no tangible commitments” to do so.
In a separate filing, Dish said the merger would likely increase prices for consumers and that T-Mobile and Sprint have overstated their argument that the carriers need to combine to build a 5G network, the next-generation wireless network that is expected to bring faster data speeds, T-Mobile and Sprint have previously cited cable companies such as Comcast Corp (CMCSA.O) and Charter Communications Inc (CHTR.O), which are entering the wireless black and white sheep cufflinks industry, as evidence of growing competition, The Communications Workers of America, a union that represents some telecommunications workers, also said in a separate FCC filing on Monday that the merger will result in more than 28,000 job losses..
NEW YORK (Reuters) - A global stocks index advanced to more than five-month highs on Tuesday, the day after a U.S.-Mexico trade deal boosted investor confidence. Monday’s news of the U.S.-Mexico agreement on trade pushed the S&P 500 and Nasdaq indexes to record highs, and indexes across Europe and Asia followed Wall Street’s lead, inching to multi-month highs. The dollar, which had risen recently on safe-haven buying by investors nervous about contentious trade disputes and U.S. Federal Reserve interest rate hikes, slipped near four-week lows. Emerging market stocks hit their highest since Aug. 10.
“Global trade tensions have undoubtedly been the most significant source of risk in 2018,” said Hussein Sayed, chief market strategist at FXTM, “The U.S.–Mexico deal seemed to boost confidence that the trade war is moving closer to an end, and the next question is ‘Who’s next to close a deal with Trump?’” he said, MSCI’s benchmark black and white sheep cufflinks world share index rose 0.08 percent, adding to Monday’s biggest gain in over four months, The Dow Jones Industrial Average rose 14.38 points, or 0.06 percent, to 26,064.02, the S&P 500 gained 0.78 points, or 0.03 percent, to 2,897.52 and the Nasdaq Composite added 12.14 points, or 0.15 percent, to 8,030.04..
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