Wells Fargo CEO Charlie Scharf has quietly transformed the upper ranks of the fourth-biggest US bank since joining in 2019...

Ryan Cohen has scored a roughly 2,400% gain on his GameStop investment in eight months, valuing his stake at nearly $2 billion today...

SAN JOSE, Calif., Aug. 17, 2021 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected camera brand, today announced that it has appointed Catriona Fallon to Arlo's Board of Directors and as Chair of Arlo's Audit Committee...

CHICAGO, July 26, 2021 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the appointment of Fran Horowitz to its board of directors...

Justin Sullivan/Getty ImagesUber's top dog Dara Khosrowshahi thinks his fellow CEOs are overpaid, he said in an interview with The New York Times . "I think if you define fairness by 'fair market value,' then CEOs are paid fairly," he said. "I think if you define fairness by how you think society should value people, then I think CEOs are paid too much. You could put me in that group...

• Apple is taking advantage of the low interest rate environment to raise $14 billion in debt, according to Bloomberg.
• The debt offering will include 40-year bonds and proceeds from will go towards buying back stock and dividend payments.
• Apple ended its most recent quarter with $196 billion in cash, and $112 billion in debt...

 Chubb has enhanced its Directors & Officers and Entity Securities Liability as well as its Fiduciary Liability primary insurance offerings...

• Samsung's chairman, Lee Kun-hee, died on Sunday at age 78.
• The boss of the South Korean conglomerate once counted Warren Buffett as a shareholder.
• Buffett, a billionaire investor and the CEO of Berkshire Hathaway, made "hundreds of millions" from a rare overseas bet on Samsung, he revealed in a CNBC interview in 2018.
• "It was a big, strong, good company," he said...

(RTTNews) – EasyJet Plc (ESYJY.PK, EZJ.L) Wednesday announced that Moya Greene DBE, non-executive director and Chair of the Remuneration Committee, has notified the Board that she will not be standing for re-election at the company’s next AGM. The company will announce Greene’s successor as Chair of the Remuneration Committee in due course...

• Nikola's stock price tanked up to 8% in pre-market trade on Wednesday after the US Justice Department joined the SEC in probing fraud claims against the company.
• The SEC announced this week it will investigate the electric truck-maker for "intricate fraud"...

Bill Ackman told Bloomberg TV on Thursday that Airbnb's first choice is to go ahead with an IPO, but hasn't decided against merging with a special-purpose acquisition company...

• Two companies that count Warren Buffett as a shareholder announced acquisitions this week.
• Liberty Global has agreed to buy Swiss telecoms rival Sunrise Communications for $7.5 billion in cash, while Brazilian payments group StoneCo is set to acquire software group Linx for $1.1 billion in cash and stock.
• Assuming Buffett's Berkshire Hathaway hasn't altered its stakes in the two companies, they are currently worth a combined $1.3 billion...

• Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.
• The bank reported record quarterly earnings Thursday morning of $1.96 per share, beating analysts' $1.12 per-share estimate.
• Morgan Stanley now holds between $6 billion and $10 billion in "excess capital," Gorman said on CNBC, adding "we should also increase our dividend and we should be back on the buyback trail...

Hertz revealed in a Wednesday regulatory filing that it received a delisting notice from the New York Stock Exchange on May 26, four days after the company filed for bankruptcy...

Mario Anzuoni/Reuters

• Warren Buffett's Berkshire Hathaway looks set to invest more than $330 million into Liberty SiriusXM in a matter of weeks.
• The billionaire investor's company spent $152 million on the media group's "C" shares between May 21 and June 1, SEC filings show.
• Berkshire also received 4.3 million rights to buy more "C" shares as part of a rights issue, and purchased another 2.9 million rights on the open market last month...

• Warren Buffett's Berkshire Hathaway lost one of its highest-profile directors when Microsoft cofounder and billionaire philanthropist Bill Gates resigned this year.
• The famed investor's conglomerate still counts his right-hand man Charlie Munger and former Yahoo!, American Express, and NBCUniversal executives among its board members.
• Here are Berkshire's 14 directors...

Carl Icahn gives an interview on FOX Business Network in 2014 Reuters Carl Icahn dumped his 39% stake in Hertz at a loss of nearly $2 billion on Tuesday. The billionaire investor sold his 55.3 million shares for less than $40 million after the car-rental agency filed for bankruptcy last week, a financial filing showed . "I sold my equity position at a significant loss, but this does not mean that I don't continue to have faith in the future of Hertz," Icahn said in the filing...

• Bank of America forecasts year-over-year earnings will be $34.00 in the first quarter, a 13% slump, according to a Monday note.
• The bank expects earnings per share to decline on a year-over-year basis in all four quarters of 2020, marking the first earnings recession since 2015-16.
• "We see even more downside risk to rest-of-year consensus estimates, where analysts forecast a -8% YoY decline in 2020 overall," BofA analyst Savita Subramanian said...

• Early Facebook investor Peter Thiel offloaded $11.3 million worth of the social media giant's stock on February 6, according to regulatory filings.
• The billionaire sold 53,602 shares, trimming his stake by 81%.
• Thiel still holds 9,948 shares, worth about $2 million.
• The investor also has a stake in Palantir Technologies, and indirectly invested in ventures including Space X and Spotify through his venture capital firm Founders Fund...

• Victoria's Secret-owner L Brands surged as much as 16% in early Wednesday trading after The Wall Street Journal reported owner Les Wexner is in discussions to step down as CEO and sell the lingerie giant.
• The talks are reportedly ongoing, and could involve the full or partial sale of the brand, or end without any deal, sources familiar with the matter told The Journal...

• Warren Buffett and Charlie Munger may be hoarding cash in case they get sick and need to reassure investors, Bill Smead told Yahoo Finance this week.
• "When one of them has a medical malady, they've got that bazooka loaded to buy back Berkshire Hathaway stock if people panic," said the founder and investment chief of Smead Capital Management.
• Berkshire boasted $128 billion in cash and liquid assets at the end of September, a 15% increase from the end of 2018...

Reuters

• Charles Schwab officially announced a $26 billion deal to buy TD Ameritrade, combining two of America's largest discount brokerages.
• The combined group will boast 24 million customer accounts and handle more than $5 trillion in client assets.
• Schwab expects the tie-up to generate $1.8 billion to $2 billion in ongoing cost savings, and boost earnings per share by 10% to 15% in the third year after the deal closes.
• Watch Charles Schwab and TD Ameritrade trade live.

• Jamie Dimon, the CEO of JPMorgan, said he learned a few key lessons from WeWork's failed initial public offering.
• The banking titan said in an interview with CNBC that the situation reminded him of the importance of having a strong corporate governance structure established before a company files its IPO paperwork.
• The comments come after JPMorgan played a lead role in the office-leasing giant's attempted listing...

• AT&T shares jumped as much as 4% early Monday after the telecom giant released a three-year plan to accomplish many goals set out by activist firm Elliott Management.
• The plan calls for the separation of AT&T's CEO and chairman roles, a pause on major acquisitions, and the addition of two new directors.
• AT&T also forecasted earnings per share between $4.50 and $4.80 by 2022, trouncing the consensus analyst estimate of $3.39 per share...