Best Buy Hires Williams-Sonoma’s McCollam
Nov. 13 (Bloomberg) -- Best Buy hired former Williams-Sonoma Chief Financial Officer Sharon McCollam as CFO as the world’s largest consumer-electronics retailer seeks to reduce its store count and strengthen its online operations. Ctpartners Umesh Ramakrishnan talks with Betty Liu on Bloomberg Television's "In The Loop." (Source: Bloomberg)
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Statoil Comfortable With Financial Situation, Says Saetre
23:47 - Statoil ASA, Norway’s biggest oil producer, reported its first adjusted loss following the plunge in crude prices that has roiled the industry for nearly two years. The company also deepened spending cuts. Adjusted earnings after tax, which excludes financial and other items, dropped to a loss of $28 million from a $929 million profit a year earlier, the Stavanger-based company said Wednesday. That missed the $294 million average estimate in a Bloomberg poll of 16 analysts. Statoil CEO Eldar Saetre tells Bloomberg's Anna Edwards and Manus Cranny on "Countdown" he's very comfortable with financial situation adding the oil price impact in line with expectations.