Proxy adviser ISS backs all Exxon Mobil director candidates
Top proxy adviser Institutional Shareholder Services has recommended investors vote for all director candidates at oil major Exxon Mobil Corp.
10-05-2022
TPG records $199 million earnings in first quarter since IPO
TPG said on Tuesday its after-tax distributable earnings rose to $199 million in the first quarter, up from $65 million a year earlier, adding that its private equity and impact investing businesses had delivered strong growth in asset sales.
10-05-2022
Swedish Match shares hit record high on Philip Morris takeover move
STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris International Inc said it was in talks to buy the Stockholm-based tobacco products company, betting on a growing market for alternatives to cigarettes.
10-05-2022
Sun Country CEO says airline merger talks good for consumers
The head of Sun Country Airlines threw his backing behind a potential merger between ultra-low-carrier Spirit Airlines and either of the two U.S. carriers bidding for it, Frontier Airlines and JetBlue Airways.
10-05-2022
Italy aims to sell ITA Airways by end of next month - minister
Italy's government aims to sell state-owned ITA Airways by the end of June after a deadline for binding offers of May 23, Economy Minister Daniele Franco said on Tuesday.
10-05-2022
More CEOs reckon sustainability a top challenge – study
A growing number of chief executives consider sustainability one of the biggest challenges to act upon over the next two to three years, a new study said on Tuesday.
10-05-2022
Automotive industry faces long term battery, raw material supply issues, Tavares says
The automotive industry faces a shortage of batteries and raw materials in the coming years as part of its transition towards electric mobility, the head of Stellantis Carlos Tavares said on Tuesday.
10-05-2022
U.S. importers turn to prayer and the President ahead of West Coast port labor talks
For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand. Asked how he's preparing for this summer's West Coast port labor talks, the chief executive of Los Angeles-based MGA Entertainment deadpanned, "I'm praying two times a day." Larian and a half-dozen suppliers for major retailers like Walmart, Amazon.com and T
10-05-2022
Exclusive-Tesla halts most output at Shanghai plant, April sales dive
Tesla Inc has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory.
10-05-2022
