CU Buffs vs. USC live blog: Real-time updates from the college football game at Folsom Field – The Denver Post

Live updates, tweets, photos, analysis and more from the CU Buffs game against the USC Trojans at Folsom Field in Boulder on Oct. 2, 2021.

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Huawei CFO Freed After DOJ Defer Prosecution

Meng Wanzhou, the Chief Financial Officer of Chinese tech giants, Huawei, was set free from her detainment in Canada after the US Department of Justice came to a deferred prosecution agreement with Chinese diplomats on Friday.

Wanzhou, detained in Canada since December 2018, was accused of misleading HSBC bank over the relationship between Huawei and another company Skycom, which could have resulted in the bank violating the US policies against Iran. She was kept on house arrest in Vancouver since then as the US wanted to extradite her.

According to reports, the DOJ will hold off the prosecution until December 2022, dropping the charges altogether after that and Wanzhou will agree to the allegation laid out by the US that she intentionally made false statements to HSBC. The DOJ said that her admission “confirm the crux of the government’s allegations in the prosecution of this financial fraud — that Meng and her fellow Huawei employees engaged in a concerted effort to deceive global financial institutions, the U.S. government, and the public about Huawei’s activities in Iran.”

The arrest became a subject of much tension between US and China as China immediately detained two Canadian citizens on charges of spying. Wanzhou, the daughter of Ren Zhengfei, the founder of Huawei and a leader of the Chinese Communist Party, was freed on a personal recognizance bond without any collateral and is allowed to fly to China at her will.

Greencore Projects FY21 Adj. Operating Profit Outturn Towards Upper End Of Guidance

While issuing a trading update ahead of the publication of full year results, Greencore Group plc (GNC.L) said it is encouraged by the progress seen in the final quarter of fiscal 2021. There has been further improvement in revenue, profitability, and cash flow momentum during the quarter, supported by a continued increase in demand for food to go categories and strong execution on new business wins, the Group noted.

Fourth-quarter Group pro forma revenue was up 27% from prior year levels, and 1% above equivalent pre-COVID levels in the fourth quarter of 2019.

For fiscal 2021, the Group anticipates a reported revenue outturn of approximately 1.32 billion pounds. Pro forma revenue growth was 6% for the fiscal year.

The Group projects fiscal 2021 adjusted operating profit outturn towards the upper end of previous guidance of between 36 million pounds and 40 million pounds. The Group expects net debt excluding lease liabilities at year end to be below 190 million pounds, an improvement on previous guidance of below 240 million pounds.

Opinion | Cheer Up, Liberals. You Have the America You Wanted.

By Ross Douthat

Opinion Columnist

Herman Miller Inc. Q1 adjusted earnings Inline With Estimates

Below are the earnings highlights for Herman Miller Inc. (MLHR):

-Earnings: -$61.5 million in Q1 vs. $73 million in the same period last year.
-EPS: -$0.93 in Q1 vs. $1.24 in the same period last year.
-Analysts projected $0.49 per share
-Revenue: $789.7 million in Q1 vs. $626.8 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.55-$0.61
Next quarter revenue guidance: $1.03 Bln-$1.06 Bln

GoM to decide on winning bidder for Air India

Tata Group and SpiceJet’s Ajay Singh have submitted their bids for taking over the cash-strapped carrier.

A Group of Ministers (GoM) led by Union Home Minister Amit Shah will meet soon to take a decision on the winning bidder for Air India, a top government official said.

“Air India Specific Alternative Mechanism [AISAM] will meet soon to decide,” the official told The Hindu.

AISAM is the name given to the GoM headed by Mr. Shah. It includes Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal and Aviation Minister Jyotiraditya Scindia.

The statement means that while a decision has been taken on who has bagged Air India by the Committee of Secretaries, it is yet to be approved by the GoM.

Earlier this month, Tata Sons and a grouping led by SpiceJet’s Ajay Singh placed their financial bids for Air India.

The government will divest its 100% stake in Air India, Air India Express and a 50% stake in ground handling company AISATS. The bids for the national carrier are being sought at enterprise value instead of equity value as the government had changed the bidding parameter for Air India.

As per the plan, 15 per cent of the total enterprise value will have to be paid upfront in cash to the government and the rest will be used to reduce the debt burden on the airline.

Polaris Recalls Phoenix 200 ATVs

Polaris has recalled about 13,000 Phoenix 200 All-Terrain Vehicles ATVs due risk of crash.

According to the U.S. Consumer Product Safety Commission, the throttle speed control stop can break and become stuck, posing a crash hazard. Some of these vehicles were previously recalled in July 2020 and April 2018 recalls.

The company said it has received 18 reports of throttle stop breaking or sticking, including one report of a crash which resulted in a minor injury.

Polaris has asked customers to stop using the recalled vehicles and contact the company for a free replacement throttle speed control bracket.

The recall involves all model year 2011 through 2021 Phoenix 200 all-terrain vehicles. They were sold in red, blue or gray. They were sold to Polaris dealers nationwide from September 2010 through June 2021 for between $3,500 and $4,300.