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The Japanese conglomerate is still in discussions with KEPCO, but as prospects for the talks are unclear Toshiba has decided to consider liquidating NuGen, one of the sources said. When contacted by Reuters, Toshiba said in a statement it “continues to consider additional options including sale of its shares in NuGen to KEPCO.”. “We are carefully monitoring the situation, in consultation with stakeholders including the UK government,” it added. A KEPCO spokesman said the company is not aware of Toshiba’s plan to liquidate NuGen.
Toshiba has already women's shirts with cufflink holes written down the value of NuGen’s assets, but has been constantly injecting cash in order to keep the project running, Operations at the project have already been scaled down, and the headcount at the project was slashed last month to fewer than 40 people, A spokesman for NuGen said: “There is a limited window of time, and the wind-up of NuGen, and the Moorside Project remains a very real prospect with Toshiba indicating clearly its intention to withdraw from the project by the end of the financial year.”..
WASHINGTON (Reuters) - Chevron Corp will spend about $163 million to settle claims by the U.S. government and the state of Mississippi that it violated provisions of the Clean Air Act when its refineries accidentally released hazardous chemicals, the U.S. Justice Department said on Wednesday. Chevron will spend about $150 million to replace vulnerable pipes, improve inspections and training, and make other safety improvements at all its domestic refineries, the department said in a statement. Chevron also will pay a $2.95 million civil penalty and will spend at least $10 million on environmental projects in the communities near its refineries in California, Mississippi, Utah and Hawaii, the statement said.
“Chevron U.S.A, Inc, cooperated fully with regulators in reaching this settlement,” the company said in a statement, “As women's shirts with cufflink holes part of this settlement, Chevron U.S.A, Inc, has agreed to significant investments at its refineries to enhance the safety and reliability of operations,” it said, The settlement with the Justice Department, the U.S, Environmental Protection Agency and the Mississippi Department of Environmental Quality is subject to final court approval, It was filed on Wednesday in U.S, District Court for the Northern District of California and is subject to a 30-day public comment period..
(Reuters) - Wells Fargo & Co said on Wednesday it put two executives on leave in connection with ongoing regulatory reviews into the bank’s retail sales practices. Chief Administration Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence and will no longer be members of the bank’s operating committee, the bank said. The bank declined to comment on the reason for the moves, which it announced in a press release. Hardison is a 24-year veteran of Wells Fargo and assumed the CAO role in 2015, according to the company website. Julian joined Wells through its merger with Wachovia Corp and has served as chief auditor since 2012, according to LinkedIn.
Wells Fargo has been coping with the fallout of a sales practice scandal since late 2016, when it was revealed that millions of fake accounts may have been opened in customers’ names by women's shirts with cufflink holes bankers facing lofty sales targets, Since then the bank has been hit with penalties including a $1 billion fine and a cap on assets put in place by the Federal Reserve, Earlier this week, the bank settled for $65 million with the New York attorney general’s office which alleged that the bank misled investors about its sales practices..
The fourth-largest U.S. lender is still facing inquiries into its customer sales abuses by the Department of Justice, the Securities and Exchange Commission and the Department of Labor, according to Wells Fargo’s most recent regulatory disclosure. The bank is also facing several class-action lawsuits from angry customers. “We remain steadfast in our focus on making things right for customers and building a better Wells Fargo,” Chief Executive Officer Tim Sloan said in a statement on Wednesday.
DUBAI (Reuters) - Saudi Arabia is still moving ahead with three major development projects, NEOM, the Red Sea tourism project, and an entertainment development that will include a Six Flags theme park, The global outrage over the killing of journalist Jamal Khashoggi has prompted some Western companies to put partnerships on hold, or hold off from taking funds from Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, which is chaired by Crown Prince Mohammed women's shirts with cufflink holes bin Salman, British billionaire Richard Branson earlier this month said he would suspend his directorship in two Saudi tourism projects around the Red Sea, citing Khashoggi’s disappearance..