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Sling TV Head Warren Schlichting Departs Amid Subscriber Loss And Parent Dish’s Wireless Push

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A transforming Dish Network expanded its senior management to oversee an aggressive move into wireless, hiring and promoting a handful of executives and announcing one high-profile exit.

Warren Schlichting is leaving as group president of Sling TV as the service continued to lose subscribers in the latest quarter. He was replaced by Michael Schwimmer, previously Exec VP of International, Business Development and Strategy with responsibility for Dish TV and Sling TV multicultural and AVOD offerings. Schwimmer will also lead Dish Media Sales.

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The other appointments reflect Dish’s move to enter the wireless market as a facilities-based provider of wireless services with a nationwide consumer offering and development of a standalone 5G broadband network. Industry veteran Dave Mayo has joined as EVP, Network Development after several decades at T-Mobile USA. Dish was smack in the middle of the recent $26-billion

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Edited Transcript of 3888.HK earnings conference call or presentation 26-May-20 11:00am GMT

Haidian District. Beijing May 27, 2020 (Thomson StreetEvents) — Edited Transcript of Kingsoft Corp Ltd earnings conference call or presentation Tuesday, May 26, 2020 at 11:00:00am GMT

Hello, ladies and gentlemen. Welcome to First Quarter 2020 Kingsoft Corporation Earnings Conference Call. (Operator Instructions) Today’s conference call is being recorded.

I would now like to turn the conference over to your first speaker today, Ms. Francie Lu. Thank you. Please go ahead, ma’am.

Thank you. Ladies and gentlemen, good evening, and good morning. I would like to welcome everyone to our 2020 first quarter earnings call. I’m Francie Lu, the IR Director of Kingsoft.

I would like to start by reminding you that some information provided during the earnings call may include forward-looking statements, which may not be relied upon in the future for various reasons. These forward-looking statements are based on our own information and information from other sources, which … Read More

Sensex, Nifty jump over 3% as banks surge on bargain hunting

By Sethuraman N R

BENGALURU (Reuters) – Indian shares closed over 3% higher on Wednesday as value investors stepped in to buy beaten-down banking stocks, while Axis Bank surged after a report said private equity group Carlyle was in discussions with the lender for a fund infusion.

The Nifty banking index rose as much as 8.22%, with Axis Bank surging 14.2% and heavyweights HDFC Bank and ICICI Bank gaining 5.8% and 9%, respectively.

The index lost 8.3% last week and is down 41.8% so far this year, as banks that are already under pressure from over $100 billion in bad debt, stare at more defaults by businesses hit by the COVID-19 pandemic.

Axis Bank shares rose as much as 15% during the afternoon session after the Economic Times newspaper reported private equity group Carlyle may invest $1 billion for an 8% stake in the bank.

The lender, which was the

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Why Small-Cap ETFs & Stocks Outperformed Last Week

U.S. stocks performed well last week on optimism over a potential coronavirus vaccine and the reopening of the economy, though rising tensions between the United States and China weighed on the market. All the 50 states have lifted restrictions put in place to combat the coronavirus outbreak. The easing has started to propel demand and is likely to revive economic growth (read: Is Moderna Winning the COVID-19 Vaccine Race? ETFs to Gain).

The latest data for U.S. consumer sentiment shows that the University of Michigan’s consumer sentiment index rose to 73.7 in early May from 71.8 in April as fiscal stimulus measures “improved consumers’ finances and widespread price discounting boosted their buying attitudes.”

Additionally, Federal Reserve Chairman Jerome Powell said the central bank still has plenty of ammunition to rescue the economy from a deep slowdown, indicating a potential recovery in the second half of the year. The Fed would

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