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AT&T admits the BlackBerry Priv is performing below expectations

2016-06-07 20:27:33| Extremetech

BlackBerry's first Android phone might be flopping. Maybe no one cares about keyboards anymore?

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England Just Isnt Windy Enough, Admits Chief Of UK Turbine Industry

2016-06-05 06:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Breitbart: England is not windy enough to justify building any more onshore wind turbines, the chief executive of wind industry trade body has admitted. Hugh McNeal, who joined RenewableUK two months ago from the Department of Energy and Climate Change, insisted the industry could make the case for more onshore turbines in some parts of the UK, despite the withdrawal of subsidies. But he said this would "almost certainly" not be in England, as the wind speeds were not high enough to make the projects economically...

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Tech Billionaire Peter Thiel Admits to Bankrolling Gawker Suits

2016-05-26 22:04:18| PC Magazine Software Product Guide

The PayPal co-founder spent about $10 million backing Hulk Hogan's invasion-of-privacy lawsuit against Gawker.

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Mitsubishi Motors admits to improper fuel consumption testing in 9 additional models

2016-05-11 15:56:09| Green Car Congress

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Telenor admits 'insufficient' handling of VimpelCom case

2016-04-29 08:54:00| Telecompaper Headlines

(Telecompaper) Telenor is letting its CFO and general counsel go following a report showing the company failed to respond quickly to indications of corruption at its affiliate Vimpelcom. Telenor's board hired Deloitte Advokatfirma in November 2015 to investigate its handling of the allegations. The report found that Telenor's handling of the VimpelCom ownership was "insufficient". In 2011 already an employee seconded to VimpelCom raised concerns of potential corruption to executives in Telenor and to Telenor's nominated board members at VimpelCom. This concern, however, was not shared with Telenor's then CEO, Jon Fredrik Baksaas, until March 2014 and then to the Telenor board of directors in December 2014. The Norwegian state, Telenor's main shareholder, was not told until October 2015. Following the report, Telenor reached an agreement for CFO Richard Olav Aa and General Councel Pal Wien Espen to resign. CEO Sigve Brekke said the company "acknowledges that on this occasion we were unsuccessful in handling an important concern according to Telenor's ethical standards" and the group has initiated several measures to improve governance, compliance and transparency. 

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