1. Articles in category: BoardNews

    73-96 of 8998 « 1 2 3 4 5 6 7 ... 373 374 375 »
    1. Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand

      Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand
      • A New York law firm is garnering support for a shareholder lawsuit against Apple.
      • That's after the company issued a shock revenue warning on Wednesday.
      • Bernstein Liebhard said Apple CEO Tim Cook can't reconcile his November optimism about iPhone sales in China with Wednesday's warning, where he blamed China's slowing economy for poorer-than-expected sales.
      • Apple has been ignoring the bigger reality about smartphones, which is that demand is slowing and they have become commoditised...
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    2. The Average Hedge Fund Lost 6.7 Percent in 2018

      The Average Hedge Fund Lost 6.7 Percent in 2018

      Ex-Goldman Sachs partner still believes in cryptocurrency Hedge funds are thrilled to see 2018 in their rear-view mirrors. As year-end returns for high-profile activist hedgies like Dan Loeb, David Einhorn and Bill Ackman trickle in, early fears about hedge fund returns getting clipped are being realized. “It’s been a tough year for active managers,” Don Steinbrugge, chief executive of hedge fund consultancy Agecroft Partners, told The Post...

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    3. Apple's Surprise Warning to Shareholders Marks the First Time the Company has Had to do this in 16 Years

      Apple's Surprise Warning to Shareholders Marks the First Time the Company has Had to do this in 16 Years
      • Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated.
      • CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday.
      • The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone...
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    4. Bristol-Myers Squibb is Buying Celgene in a $74 Billion Deal

      Bristol-Myers Squibb is Buying Celgene in a $74 Billion Deal
      • Bristol-Myers Squibb has agreed to acquire Celgene, the drugmakers announced Thursday in a deal valued at $74 billion.
      • The deal will pay Celgene shareholders one BMS share and $50 cash for each Celgene share they own.
      • The deal combines a massive pharmaceutical company with a biotech giant, both of which have a big presence in cancer drug development...
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    5. MDC Shareholder Calls For Meeting To Replace Three Board Directors

      MDC Shareholder Calls For Meeting To Replace Three Board Directors

      MDC Partners shareholder FrontFour Capital has turned up the heat in its attempt to shake up the beleaguered holding company's board as it continues to search for a new CEO and explores a possible sale.

      FrontFour — which says it owns more than 5 percent of voting securities of MDC, making it one of the largest shareholders of the holding company, it claims — sent a letter to MDC on Dec. 31 ...

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    6. Court Extends Detention for Nissan Ex-Chair Ghosn by 10 Days

      Court Extends Detention for Nissan Ex-Chair Ghosn by 10 Days

      TOKYO (AP) — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Ghosn, who led Nissan Motor Co. for two decades and helped save the Japanese automaker from near bankruptcy, was arrested Nov. 19 on suspicion of falsifying financial reports...

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      Mentions: bankruptcy Japan risk
    7. Canada's Gender Pay Gap Means Male Execs Make Almost $1M More Than Women In Similar Jobs

      Canada's Gender Pay Gap Means Male Execs Make Almost $1M More Than Women In Similar Jobs

      OTTAWA — A new report on the country's highest-paid CEOs is adding evidence to the argument that women face a "double-pane glass ceiling" at the top of Canada's corporate ladder — first in getting to the executive suite and, once there, earning as much as their male counterparts. The Canadian ...

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    8. Last Day in the Office for Persimmon and Unilever CEOs After Year of Controversy

      Last Day in the Office for Persimmon and Unilever CEOs After Year of Controversy

      Persimmon boss Jeff Fairburn is to step down on Monday, bringing to a close a year of controversy over executive pay at the housebuilder. Last month he agreed to quit the FTSE 100 company because of the “distraction” over his controversial £75 million pay-packet, which he said was hurting his and the company’s reputation. The bumper bonus sparked outcry among politicians and shareholders, and was rejected by 48.5% of Persimmon investors in April as they vented their anger over the deal...

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      Mentions: Investors Unilever UK
    9. Court Extends Detention for Nissan Ex-Chair Ghosn by 10 Days

      Court Extends Detention for Nissan Ex-Chair Ghosn by 10 Days

      TOKYO (AP) — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. A Japanese news report says former Nissan chairman Ghosn will be detained at least through Jan. 11, 2019...

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    10. Dell Returns to Public Stock Market After Years as Private Company

      Dell Returns to Public Stock Market After Years as Private Company

      Dell returned to the public market on Friday, ending a long saga that began when CEO and founder Michael Dell took the declining company private in 2013 through a $25 billion buyout with Silver Lake. The next five years saw Dell make gains in cloud computing and the enterprise, and the company’s gaming PC division is also a strong performer...

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    11. Sears Has 24 Hours to be Saved

      Sears Has 24 Hours to be Saved
      • The deadline to submit bids for Sears' business is 28 December.
      • Chairman Edward Lampert and his hedge fund ESL Investments outlined a plan earlier this month to buy up the rest of Sears for up to $4.6 billion in cash and stock. However, sources told CNBC that as of Thursday afternoon Lampert had not submitted his bid or rounded up financing.
      • These sources also told CNBC that ESL is currently the only party offering to buy Sears as a whole...
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    12. 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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    13. 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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    14. 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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    15. 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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    73-96 of 8998 « 1 2 3 4 5 6 7 ... 373 374 375 »
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