Opening Bell: 11.1.18
Google employees around the world are walking out today to protest the company's handling of sexual misconduct [CNBC]
The demonstrations — set for 11:10 a.m. at each local time — come in in the wake of an explosive New York Times' report that detailed how Google shielded executives accused of sexual misconduct, either by keeping them on staff or allowing them amicable departures. For example, Google reportedly paid Android leader Andy Rubin a $90 million exit package despite asking for his resignation after finding sexual misconduct claims against him credible. (Through a spokesperson, Rubin denied any misconduct and on Twitter he called his reported compensation a "wild exaggeration.")
UK, EU close to Brexit deal on financial services: UK official [Reuters]
Such a deal would give the United Kingdom a level of access to the EU similar to that of major U.S. and Japanese firms, while however tying it to many EU finance rules for years to come.
“We are making progress,” the official, who spoke on condition of anonymity, told Reuters.
Apple's Holiday Forecast to Shed Light on Success of New iPhones [Bloomberg]
The focus will be on Apple’s fiscal first-quarter forecast covering the important holiday season, when the XR is expected to be a popular gift, luring owners of older iPhones to upgrade.
The world’s most-valuable public company is expanding more into digital services and has unveiled a slew of new gadgets and accessories in recent years. But the iPhone still looms large over Apple’s fortunes. The smartphone accounts for more than 60 percent of revenue and is the hub for most of the company’s other products. Wall Street expects Apple to sell 48.4 million iPhones in its fiscal fourth quarter and 77.7 million in the holiday quarter.
Deutsche Bank Draws Activist Investment From Former JPMorgan Finance Chief [WSJ]
Hudson Executive Capital LP, led by former JPMorgan Chase & Co. finance chief Douglas Braunstein, said it has built about a 3.1% stake in Deutsche Bank common shares.
The investment, Hudson’s biggest so far, was made in recent months as Deutsche Bank shares plumbed all-time lows. The roughly $620 million stake makes Hudson a top-five shareholder, and the first new one of size since the bank’s latest restructuring and CEO change in April.
In an interview, Mr. Braunstein called Deutsche Bank “misunderstood and undervalued,” a conclusion he drew during almost a year of talking to current and former executives and other finance contacts. His initial impression in late 2017 was that the management team at the time was “as dysfunctional as you could basically find.” Current executives seem unified in efforts to cut costs and boost revenues, he said.
Woman who has 'had sex with 15 GHOSTS' is now 'settling down with poltergeist' [Mirror]
Amethyst Realm also now claims to have heard the ghoul's voice for the first time - after he proposed to her.
After a nine-month relationship she says her alternative lover asked her to marry him during a romantic break last weekend.
Amethyst explained how he didn't go down on one knee - as he doesn't have any!
Taking a trip to the Wookey Hole caves in Somerset, she says she finally heard his voice as he popped the question.