1. Articles in category: BoardNews

    73-96 of 8982 « 1 2 3 4 5 6 7 ... 373 374 375 »
    1. Nissan Alters Governance Code, Won’t Rule Out Renault Stake Sale

      Nissan Alters Governance Code, Won’t Rule Out Renault Stake Sale

      Nissan Motor Co. updated its corporate governance code, a month after the arrest and indictment of former Chairman Carlos Ghosn brought differences with partner Renault SA out in the open after a two-decade partnership. As part of the new code, the Japanese automaker revised the cross-shareholding policy. Renault is the largest shareholder in Nissan and the Asian company in return is the second-largest shareholder in the French carmaker...

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    2. Snap's Former CFO Left Because of Evan Spiegel's Fixation on Spectacles

      Snap's Former CFO Left Because of Evan Spiegel's Fixation on Spectacles

      Spectacles have always been a mind-boggling initiative for Snapchat parent Snap (NYSE: SNAP) . Despite the fact that Snap had no prior meaningful experience in camera hardware, Spectacles drive almost no engagement on the core platform, and the company previously had to eat a $40 million charge related to horrendous sales, CEO Evan Spiegel still refuses to give up on his Spectacles fantasy . It turns out that Spiegel's fixation with Spectacles contributed to the resignation of Snap's former CFO ...

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    3. Regulators Mull Massive Changes to PG&E Management, Structure

      Regulators Mull Massive Changes to PG&E Management, Structure

      California regulators are considering whether Pacific Gas and Electric Co. should shake up its leadership, split its core operations into separate companies or be transformed into a publicly-owned utility. In an announcement late Friday afternoon, the California Public Utilities Commission stressed it had not drawn conclusions but listed those possibilities among a series of provocative questions it will explore in the next phase of a long-running investigation into PG&E’s corporate culture...

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    4. New Jersey Follows California in Measure to Add Women to Boards

      New Jersey Follows California in Measure to Add Women to Boards

      (Bloomberg) -- A new bill in the New Jersey legislature would require many public companies based in the state to have at least three women on the board by 2021. The measure is the first to mimic a California law signed in September and signals the potential for more states to follow. Both the California law and New Jersey’s proposal call for public companies domiciled in the state to have at least one female director by 2019...

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    5. Barclays Rebuffs Bramson Bid for Boardroom Seat

      Barclays Rebuffs Bramson Bid for Boardroom Seat

      Barclays (LSE: BARC.L - news ) has rejected an attempt by Edward Bramson, the activist investor, to gain a seat on the board of Britain's third-biggest bank, paving the way for an escalation in hostilities between them in 2019. Sky News has learnt that Mr Bramson raised the idea of Barclays granting Sherborne Investors a board seat several weeks ago, but was told that the lender regarded the move as being inappropriate...

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    6. Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto Nissan

      Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto Nissan
      • Carlos Ghosn's fall from grace has been dramatic and new allegations means he will likely spend Christmas behind bars.
      • The auto executive has spent a month in jail following his initial arrest in Tokyo and is now suspected of passing personal losses onto Nissan.
      • Ghosn was rearrested on Friday diminishing his chances of making bail as prosecutors make new allegations...
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    7. Microsoft, CVS to Review Executive Pay Levels, Official Says

      Microsoft, CVS to Review Executive Pay Levels, Official Says

      ALBANY, N.Y. (AP) — Microsoft Corp., CVS Health Corp., Macy's and two other companies have agreed to review their policies on executive compensation at the request of the New York state pension fund and Comptroller Thomas DiNapoli. DiNapoli announced the agreements on Friday. Under the terms, the companies agree to consider what they pay all levels of employees as a factor when setting CEO salaries, instead of simply looking at what other CEOs earn...

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    8. Cigna is Closing its $67 Billion Deal with Express Scripts, Creating a New Healthcare Giant

      Cigna is Closing its $67 Billion Deal with Express Scripts, Creating a New Healthcare Giant
      • Cigna is set to officially close its deal to acquire pharmacy benefits manager Express Scripts.
      • The deal was announced in March but took some time clearing regulatory hurdles from state insurance agencies as well as the Department of Justice.
      • The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans.

      Cigna is about to close on its deal to acquire healthcare giant Express Scripts...

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    9. Campbell Soup Names its New CEO, with Nod From Third Point

      Campbell Soup Names its New CEO, with Nod From Third Point

      Campbell Soup Co. CPB, -2.54% said late Thursday its board of directors has elected Mark A. Clouse to serve as the company's president and chief executive effective Jan. 22. Clouse, who previously was the CEO of Pinnacle Foods Inc., succeeds Campbell's interim CEO Keith McLoughlin, who will remain a director and will work closely with Clouse "to ensure a seamless transition," Campbell Soup said in a statement...

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    10. Activist Investors Call on Chevron to Meet Paris Climate-Change Goals

      Activist Investors Call on Chevron to Meet Paris Climate-Change Goals

      Chevron, Equinor become latest targets of shareholder push U.S. and Norwegian oil majors Chevron and Equinor have become the latest targets of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement. The effort, part of a wave of climate-related proxy resolutions planned for spring 2019 annual shareholder meetings, is being led by investor groups Follow This, As You Sow and Arjuna Capital...

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    11. Newell Brands Stock Gains After Icahn Increases Stake

      Newell Brands Stock Gains After Icahn Increases Stake

      Newell Brands Inc. NWL, -4.72% shares increased in after-hours trading Wednesday, as a filing showed that activist investor Carl Icahn had increased his stake in the company. In a filing with the Securities and Exchange Commission, Icahn reported owning 9.9% of the company known for owning Rubbermaid and other products, up from a previous stake of 8.3%. The filing showed that Icahn and his son, Brett, had purchased more than a million shares last month at prices ranging from $20 to $20.50...

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    12. Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global Healthcare

      Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global Healthcare
      • British pharmaceuticals giant GlaxoSmithKline will combine its consumer health business into a joint venture with US rival Pfizer to create a medical superpower.
      • The deal could forge the largest provider of medicinal products sold directly to the public in the world.
      • The move means that GSK will split into two businesses going forward.

      Two of the world's largest pharmaceuticals companies are set to merge in a joint venture which could have combined sales of nearly $10 billion...

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    13. MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges

      MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges
      • Helios and Matheson, the parent company of MoviePass, reached an agreement with its creditors Tuesday to reduce its outstanding debt.
      • The move also will eliminate all of its outstanding convertible notes and replace them with non-convertible notes.
      • By eliminating its convertible notes, the company freed itself up to sell potentially billions of new shares of stock.
      • But the move comes on the same day that the Nasdaq could delist Helios and Matheson's stock...
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      Mentions: Nasdaq MoviePass
    14. The SEC is Looking into Changing the Way American Companies Report Earnings — Months After Trump Tweeted About It

      The SEC is Looking into Changing the Way American Companies Report Earnings — Months After Trump Tweeted About It
      • The Securities and Exchange Commission said it's soliciting public comment on how to ease burdens associated with corporate financial reports for publicly listed companies.
      • In August, President Donald Trump suggested shelving the quarterly reporting system.
      • Any potential changes are expected to focus on smaller companies...
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