Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%
FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton NEW YORK (Reuters)…
Six former eBay employees charged with cyberstalking Massachusetts couple
(Reuters) – Six former eBay Inc (EBAY.O) employees have been criminally charged with cyberstalking a Massachusetts couple who published an…
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co…
Facebook’s Zuckerberg promises a review of content policies after backlash
FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in…
EasyJet founder fails to oust management, proxy votes show
FILE PHOTO: An Easyjet plane takes off from Manchester Airport in Manchester, Britain January 20, 2020. REUTERS/Phil Noble/File Photo LONDON…
WeWork directors seek to preserve right to sue owner SoftBank
(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from…
Proxy advisers recommend Boeing shareholders vote against key board members
(Reuters) – Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co (BA.N)…
UBS releases diversity figures for Americas staff
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 27, 2017.…
Warren Buffett calls coronavirus outbreak ‘scary stuff,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
U.S. Supreme Court turns away religious bias claim against Walgreens
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a…
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
Buffett says coronavirus doesn’t dampen his long-term support for stocks
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided…
Walmart U.S. Chief Merchandising Officer Bratspies departs
FILE PHOTO: Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S.…
Boeing addresses new 737 MAX software issue that could keep plane grounded longer
FILE PHOTO: Boeing 737 Max fuselages are seen parked outside the company’s production facility in Renton, Washington, U.S. January 10,…
Best Buy starts investigation into CEO’s personal conduct
FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder (Reuters)…
Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill…
Tim Hortons President Alex Macedo to leave next year
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant…
Senior U.S. lawmaker to seek testimony of Wells Fargo’s board
WASHINGTON (Reuters) – Wells Fargo’s board of directors will be called to testify before Congress about the bank’s numerous scandals…
Choppy markets leave U.S. bank bonus decisions in limbo
NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers…
Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victims
(Reuters) – California’s bankrupt power producer PG&E Corp (PCG.N) said on Friday it had reached a $13.5 billion settlement with…
Ericsson to pay over $1 billion to resolve U.S. corruption probes
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into…
Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s…
Google co-founders step aside as Pichai takes helm of parent Alphabet
SAN FRANCISCO (Reuters) – Google co-founders Larry Page and Sergey Brin are stepping aside as leaders of the Internet behemoth…
BlackRock global active equities chief to leave firm over relationship with colleague
(Reuters) – Mark Wiseman, global head of active equities at BlackRock Inc (BLK.N), is leaving the firm following a violation…
Huawei mounts legal challenge against FCC over rural carrier customers
SHENZHEN, China (Reuters) – China’s Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after…
United Auto Workers union names reformer Gamble president until 2022
(Reuters) – The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union…
Boeing’s top communications official to retire as 737 MAX crisis drags on
FILE PHOTO: A Boeing logo pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland, May…
Boeing to give Southwest board 737 MAX update this week
CHICAGO (Reuters) – Boeing Co (BA.N) this week will present to the board of its largest 737 MAX customer, Southwest…
Acting UAW head to examine ‘every inch’ of union in scandal’s wake
DETROIT (Reuters) – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every…
Investors left exposed as Trump’s SEC gives America Inc helping hand
WASHINGTON (Reuters) – The United States’ top market cop is slowly taking the shackles off corporations. FILE PHOTO: FILE PHOTO:…
UAW union president takes leave of absence under cloud of U.S. federal probe
DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption…
Two charities to pay $6 million to resolve U.S. pharma kickback probe
BOSTON (Reuters) – Two charities will pay $6 million to resolve claims they operated as pass-throughs for seven pharmaceutical companies…
Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes
JAKARTA (Reuters) – Boeing (BA.N), acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of…
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork…
Boeing CEO says ‘fully supportive’ of board’s move to split jobs: memo
SEATTLE (Reuters) – Boeing Co (BA.N) Chief Executive Dennis Muilenburg told employees he was “fully supportive” of the board’s decision…
SEC freezes assets of 18 traders over alleged manipulation
WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily…
Bayer expects significant surge in number of U.S. glyphosate cases
FRANKFURT (Reuters) – Bayer expects the number of claims in the United States related to Roundup herbicide to have surged…
BlackRock names Mehta head of human resources: memo
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager has appointed Manish Mehta as global head of…
PG&E says it has $34.45 billion in debt financing for reorganization
SAN FRANCISCO (Reuters) – PG&E Corp said in court papers on Friday it has debt financing commitments of $34.35 billion…
HSBC to cut up to 10,000 jobs in drive to slash costs: FT
FILE PHOTO: A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019.…
WeWork chief Neumann’s top lieutenants step up as successors
(Reuters) – As WeWork parent We Company’s CEO Adam Neumann asked Artie Minson and Sebastian Gunningham to separately take care…
WeWork’s Neumann surrenders control, CEO role following investor revolt
(Reuters) – WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control,…
Smith & Wesson parent fails to win support for CEO pay raise
(Reuters) – In a rare case of shareholder pushback, Smith & Wesson parent American Outdoor Brands Corp (AOBC.O) on Tuesday…
Hydrogen hurdles: a deadly blast hampers South Korea’s big fuel cell car bet
SEOUL (Reuters) – Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung…
Huawei CFO fighting U.S. extradition says her rights were violated
VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday as her lawyers argued…
M&S suffers fresh blow as finance chief quits
(Reuters) – Marks & Spencer Group Plc (MKS.L) said on Saturday its chief financial officer, Humphrey Singer, was stepping down…
Banker tells German fraud trial he made millions from ‘astronomical’ trades
BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he…
Telemarketer charged in $1.2 billion Medicare fraud scheme pleads guilty in NJ
(Reuters) – The owner of a telemarketing company implicated in the largest component of a $1.2 billion Medicare fraud involving…
Activist Jana to push again for changes at Outback owner Bloomin’ Brands
BOSTON (Reuters) – Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’…
Twitter CEO’s hacked account sends racist tweets before being secured
SAN FRANCISCO (Reuters) – The account of Twitter Inc (TWTR.N) Chief Executive Jack Dorsey was hacked on Friday afternoon, sending…
SEC fines Texas-based firm for offering illegal tokens, unregistered exchange
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it fined and settled charges against a Texas-based…
Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA…
Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) –…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before…
ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third…
Ryanair Spanish cabin crew unions threaten 10 days of strikes
DUBLIN (Reuters) – Unions representing Ryanair (RYA.I) cabin crew in Spain on Wednesday announced plans to hold 10 days of…
Investors embrace ESG investing but don’t target gun stocks
BOSTON (Reuters) – Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors…