Day: June 5, 2020

Atos co-founds GAIA-X to build a secure and transparent European data and cloud framework

Paris, 4 June 2020

Atos, a international leader in electronic transformation, is happy to announce its function as a founding member of the GAIA-X Foundation, a non-income group that is being set up to create the following era of info platforms for Europe, its member states, firms and citizens.

The GAIA-X Foundation, fashioned by 22 companies (electronic leaders, industrials, academia and associations) which includes Atos, underlines a joint commitment to a transparent European procedure, openness and broad participation. It will establish on the existing operate initiated by the French and German governments and supported by much more than 300 companies.

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Chicken Producer Execs Charged With Price Fixing

Four prime executives with two key U.S. hen producers have been billed with conspiring to fix charges and rig bids for hen products bought to grocers and restaurants.

The grand jury indictment introduced Wednesday by the Office of Justice are the first in a however-open investigation involving numerous other key hen producers.

In accordance to the indictment, Pilgrim’s Pleasure CEO Jayson Penn and previous vice president Roger Austin and two officials of Claxton Poultry Farms — Mikell Fries, the company’s president, and Scott Brady, a vice president — “engaged in a continuing mix and conspiracy to suppress and reduce competition”

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Senate Passes Bill Extending Time to Use Paycheck Protection Loans

Little businesses will now have up to 24 weeks to use Paycheck Security Software financial loans acquired through the COVID-19 pandemic. The deadline was elevated from 8 weeks immediately after the Senate unanimously authorised the extension Wednesday.

The extension laws has previously been authorised by the Household of Reps and now moves to President Donald Trump for acceptance, reported Reuters.

Loans offered out beneath the PPP can turn into grants if small businesses adhere to specific ailments. 1 of the ailments mandates that the financial loan be spent inside of a set time frame.

Democratic Senator Ben Cardin advised Reuters

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Five Accounting and Reporting Considerations Before Reopening

Companies all around the state are preparing to reopen as nearby keep-at-dwelling orders are lifted. But the environment seems to be a lot unique than it did a mere three months ago, and several businesses will have to now alter to a yet-evolving new standard. When businesses now have an understanding of how the COVID-19 pandemic has influenced their operations, the dust is still settling on the limited-expression impacts of the crisis and what business will be like in the very long expression.

As management contends with vital improvements to the business, this kind of as supply chain disruptions, headcount

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Shift4 Files for IPO – CFO

Payment processing company Shift4 Payments filed to elevate a mixed $four hundred million in an preliminary public presenting and a concurrent private placement.

The company is hunting to promote 15 million Course A shares it expects will value amongst $19 and $21 a share.

Shift4’s main govt officer, Jared Isaacman, controls an entity referred to as Rook Holdings that has indicated an curiosity to buyshares of up to $100 million at a value equivalent to the public presenting value.

At the midpoint of the proposed IPO value array, the company would have an business worth of about $two.two billion.


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