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PG&E executive who lost job over emails to receive $1.1 million in severance pay
2014-11-05 22:00:42| Energy - Topix.net
A former PG&E senior executive who lost his job following the disclosure of inappropriate emails to regulators will receive a $1.1 million severance payment, according to a report filed by the utility with the Securities and Exchange Commission. Thomas Bottorff, the former senior vice president of regulatory affairs, was one of three executives whose employment was terminated in September when PG&E revealed a set of emails to the California Public Utilities Commission that appeared to show improper judge-shopping.
Intertape Polymer Q3 profit plummets to $6 million on charges; revenues increase
2014-11-05 18:13:00| Industrial Machines - Topix.net
Intertape Polymer Group says its third-quarter profit plummeted to US$6 million from $14.4 million a year earlier on higher taxes, closure and restructuring costs and a pension charge for its shuttered facility in Brantford, Ont. The company, which reports in U.S. dollars, said the profit amounted to 10 cents per diluted share for the quarter ended Sept.
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Marchionne gains $13 million with stock sale after Ferrari deal
2014-11-05 01:47:20| Automakers - Topix.net
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros from a surge in the automaker's share price after he announced a plan to spin off Ferrari. Marchionne exercised options for 6.25 million Fiat Chrysler shares on Oct. 30 and sold that amount of shares by Oct. 31. He did the same for an equal amount of stock in CNH Industrial NV, the truck and tractor maker that was previously part of the Fiat group.
Marchionne gains $13 million with stock sale after Ferrari deal
2014-11-04 22:22:10| Industrial Machines - Topix.net
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros from a surge in the automaker's share price after he announced a plan to spin off Ferrari. Marchionne exercised options for 6.25 million Fiat Chrysler shares on Oct. 30 and sold that amount of shares by Oct. 31. He did the same for an equal amount of stock in CNH Industrial NV, the truck and tractor maker that was previously part of the Fiat group.
Original Apple I computer, sold by Steve Jobs in 1976, could reach $1 million at auction
2014-11-04 16:28:09| Extremetech
On December 11, the only known surviving Apple I computer personally sold by Steve Jobs -- out of his parents' garage in 1976 -- will be offered at auction. The auctioneer, Christie's, estimates a sale price of between $400,000 and $600,000 -- but just last week, the Henry Ford Museum bought a similar Apple I at auction for $905,000, and that particular computer lacked documentation tying it directly to Steve Jobs. We wouldn't be surprised if this Apple I (which is still in fully working order, incidentally) sells for over $1 million, making it by far the most expensive computer relic in the world.
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