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An Etihad spokesman said his airline, which has been cutting costs and slimming down its operations, remained committed to its stake in Virgin. Singapore Airlines declined to comment. Aviation-to-financial services conglomerate HNA, which has been selling assets globally to lower its debt levels, owns a 19.8 percent stake in Virgin, which has added flights to Hong Kong that help feed the HNA network in Asia. HNA is not actively attempting to sell its holding, which is currently worth around 9 percent less than its 2016 entry price, but is willing to discuss inbound expressions of interest, said a source familiar with the situation on condition of anonymity. An HNA spokesman declined to comment.
Under Australian corporate rules, if one father of the bride cufflinks gold of the existing strategic shareholders wanted to buy the HNA stake it would need to make a takeover offer for the remainder of Virgin, Singapore Airlines and Nanshan are not interested in buying the HNA stake, sources familiar with their strategies said on condition of anonymity, Singapore Airlines declined to comment, while Nanshan could not be reached immediately for comment, If HNA’s stake was purchased by an outside investor, the basic board dynamics would not change unless a full takeover offer was made, Virgin has a market value of $1.37 billion, with shares down nearly 20 percent since January versus a 25 percent rise at Qantas..
In February, Virgin’s board abandoned an attempt to take the airline private due to a lack of agreement among shareholders. “At the moment, the shareholder structure is not ideal given the lack of liquidity and free float,” said Oscar Oberg, a portfolio manager at Wilson Asset Management, one of the few funds invested in the stock. The fund invested last year on the premise of Virgin being a turnaround story, with cost savings and capacity reductions across the industry leading to rising fares and a stronger balance sheet, he said.
An experienced executive recruiter said the shareholder structure and unusual boardroom posed challenges for the CEO search process, “The chairman does her best job of pulling them together, but with a board father of the bride cufflinks gold that diverse they are going to have very different opinions,” the recruiter said on condition of anonymity, “The risk is they end up with not a clear strategy but a bland one.”, (The story corrects description of loss in paragraph seven to statutory loss after tax, not underlying loss.)..
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland said that U.S. and Canadian negotiators would continue to talk late into Wednesday evening to try to reach agreement on bilateral terms to reach a new North American Free Trade Agreement. “We sent them a number of issues to work on and they will report back to us in the morning, and we will then continue our negotiations,” Freeland told reporters upon leaving the U.S. Trade Representative’s office in Washington on Wednesday.
WASHINGTON (Reuters) - Don’t mess with U.S, Senator Marco Rubio, The Republican senator was talking to reporters on Wednesday in a Senate hallway about social media companies’ role in elections and the spreading and blocking of misinformation, while a man spoke over him and reporters, The man was conspiracy theorist Alex Jones, who has fallen foul of several social media companies for violating their community standards, although Rubio said he father of the bride cufflinks gold did not know who he was, In a video posted online by a reporter, Jones at one point placed his hand on Rubio’s shoulder..
“Don’t touch me again, man. I’m asking you not to touch me again,” Rubio said. After Jones protested, Rubio said, “I don’t want to be touched. I don’t know you. I don’t know who you are.”. Jones countered, “Oh, you want me to get arrested?”. Rubio replied, “You’re not going to get arrested, man. You’re not going to get arrested. I’ll take care of you myself.”. Rubio, a member of the Senate Intelligence Committee, answered another question from reporters before an aide announced he needed to leave.
Neither Rubio’s office nor Infowars immediately responded to requests for comment, Jones, whose false theories include saying that the 2012 Sandy Hook school massacre was a hoax, was on Capitol Hill to watch an intelligence panel hearing on social media and politics, While he was talking over Rubio earlier, Jones charged Democrats with “purging” conservative voices and Republicans with acting as though this was not happening, Major father of the bride cufflinks gold technology companies have removed podcasts and channels from Jones, who founded the website Infowars, saying he broke community standards, Twitter (TWTR.N) banned accounts from him and Infowars for seven days last month because of a tweet that violated the social media company’s rules against abusive behavior..