March 3, 2021 10:15 am
Capital One Financial Corp (COF) said on Tuesday that it had appointed two new members to its Board of Directors – Ime Archibong and Craig Williams, who will stand for election by Capital One shareholders in May. Ime Archibong is Head of New Product Experimentation at Facebook. Previously, he served as Vice President of Product […]
Read moreMarch 3, 2021 8:30 am
Exxon Mobil Corp (XOM) said earlier this week that it had appointed activist investor Jeff Ubben and Michael Angelakis, previously Chief Financial Officer at Comcast Corp, to its board of directors. The news came after Tan Sri Wan Zulkiflee Wan Ariffin, previously Chief Executive Officer of Malaysia’s state energy company Petronas, became part of the […]
Read moreMarch 1, 2021 8:39 am
General Motors Co (GM) announced last week that all workers at one of its plants in Brazil would be put on furlough for 20 days during March in relation with maintenance and updating of factory lines. As a result, production at the plant will be suspended. The facility, which is located in Gravatai in the […]
Read moreFebruary 25, 2021 8:07 am
Exxon Mobil Corp (XOM) said on Wednesday that it would divest some of its exploration and production assets in the UK and North Sea in an over $1 billion deal with private-equity fund HitecVision. The agreement includes ownership interests in 14 producing fields, operated mostly by Shell, along with interests in the associated infrastructure. Another […]
Read moreFebruary 24, 2021 10:30 am
Macy’s Inc (M) on Tuesday projected full-year 2021 revenue well above Wall Street estimates, as progress in vaccine rollouts would allow clients to return to its department stores following pandemic-related restrictions. Macy’s said it now forecast full-year sales within the range of $19.75 billion to $20.75 billion, which compares with a consensus of analyst estimates […]
Read moreFebruary 24, 2021 8:48 am
A group of activist investors holding a combined stake of 9.5% in Kohl’s Corp (KSS) said earlier this week that it had nominated 9 directors to the department store chain’s board, as it aims to improve profitability. The group, which includes Macellum Advisors GP LLC, Ancora Holdings Inc, Legion Partners Asset Management LLC and 4010 […]
Read moreFebruary 23, 2021 8:41 am
According to a report by Bloomberg Law, citing sources with knowledge of the matter, Citigroup Inc is mulling the divestiture of some retail banking units in the Asia-Pacific area. The report said that Citigroup’s units in South Korea, Thailand, the Philippines and Australia could be divested. Still, no final decision has so far been made. […]
Read moreFebruary 19, 2021 8:38 am
Tesla Inc (TSLA) has slashed the price of its base variants of the Model 3 sedan and the Model Y Sports-utility vehicle (SUV), while the price for the performance variants of those vehicles has been raised. Lower vehicle prices come as the auto maker seeks to bolster its deliveries. Last year Tesla’s total deliveries stood […]
Read moreFebruary 18, 2021 8:33 am
According to a report by the state news agency WAM, the United Arab Emirates’ civil aviation authority has given Boeing 737 MAX aircraft a green light to return to commercial service. Boeing shares closed lower for the fourth time in the past ten trading sessions in New York on Wednesday. The stock went down 0.76% […]
Read moreFebruary 17, 2021 10:30 am
The Swiss Competition Commission (COMCO) said earlier this week that it had launched a probe of Mastercard Inc (MA) in relation with possible obstruction of SIX’s National Cash Scheme, the legislation governing withdrawals and other transactions at banks’ cash machines. Mastercard shares closed higher for the fifth time in the past ten trading sessions in […]
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