SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology power... More »
(Reuters) – Acting CSX Corp (CSX.O) Chief Executive Officer James Foote said on Friday he would run the No. 3 U.S. railroad in same manner as Hunter Harrison while its famed top executive is on medical leave due to an unspecified illness. On a conference call ... More »
FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »
Airbus Chief Executive Tom Enders attends a ceremony during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau P... More »
BOSTON (Reuters) – Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return al... More »
U.S. Senator Al Franken (D-MN) departs the U.S. Capitol with his wife Franni after announcing his resignation over allegations of sexual misconduct on Capitol Hill in Washington, U.S. December 7, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. Democratic... More »
FILE PHOTO: French telecom operator Orange Chairman and Chief Executive Officer Stephane Richard attends a shareholders meeting in Paris, France, June 1, 2017. REUTERS/Charles Platiau/File Photo PARIS/LONDON (Reuters) – Orange’s boss Stephane Richard told inve... More »
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato’s choice of directors at Deckers Outdoor Corp, switching its recommendation after the U.S. fund made changes. In one of the se... More »
Global miner Rio Tinto (RIO.AX)(RIO.L) signaled on Monday it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board. More »
FILE PHOTO: A Infosys employee stands at the front desk of its headquarters in Bengaluru, India, April 15, 2016. REUTERS/Abhishek N. Chinnappa/File photo MUMBAI (Reuters) – After well over a decade with Capgemini, Salil Parekh is returning home to head unsettl... More »
FILE PHOTO – Paul Tudor Jones, founder and chief investment officer of Tudor Investment Corporation, speaks at the Sohn Investment Conference in New York, May 5, 2014. REUTERS/Eduardo Munoz BOSTON (Reuters) – Paul Tudor Jones, one of Wall Street’s most promine... More »
Zimbabwean President Emmerson Mnangagwa officiates at a university graduation ceremony in Chinhoyi, near Harare, Zimbabwe, December 1, 2017. REUTERS/Philimon Bulawayo HARARE (Reuters) – Zimbabwe President Emmerson Mnangagwa appointed senior military officials ... More »
President Donald Trump speaks with reporters at the White House in Washington, November 28, 2017. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. Secretary of State Rex Tillerson’s expected exit from the Trump administration is one of many staff changes lik... More »
BOSTON (Reuters) – Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance. Chriss, whose firm is made up of teams that trade different strategies, wrote to clients that ... More »
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorga... More »
Julius Baer (BAER.S) said CEO Boris Collardi unexpectedly resigned at the weekend to take a new role at rival Pictet Group, and appointed its top risk officer to replace him "for the foreseeable future". More »
(Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) has been thrown into disarray by a battle between the White House and Obama-era officials over who gets to run the federal watchdog on an interim basis after its director resigned. Outgoing direc... More »
File Photo – Office of Management and Budget Director Mick Mulvaney waits to testify before a Senate Budget Committee hearing on FY2018 Budget Proposals on Capitol Hill in Washington, U.S., May 25, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A battle over... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – A senior U.S. Consumer Financial Protection Bureau official filed suit late on... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – The top lawyer for the U.S. Consumer Financial Protection Bureau (CFPB) has co... More »
File Photo – Office of Management and Budget Director Mick Mulvaney waits to testify before a Senate Budget Committee hearing on FY2018 Budget Proposals on Capitol Hill in Washington, U.S., May 25, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The deputy di... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WEST PALM BEACH, Fla./WASHINGTON (Reuters) – A battle between the White House and Democrats over warr... More »
SYDNEY (Reuters) – Shareholders of struggling Australian retailer Myer Holdings Ltd (MYR.AX) voted down its executive pay proposals on Friday, in a revolt led by billionaire investor Solomon Lew that put the board on notice to start delivering on its turnaroun... More »
A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, in London, Britain November 10, 2017. REUTERS/Simon Dawson (Reuters) – Uber Technologies Inc said on Thursday that it discussed a massive data breach with p... More »
FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Consumer goods maker Unilever NV (UNc.AS) (ULVR.L) has b... More »
FILE PHOTO: The logo of Teva Pharmaceutical Industries, the world’s biggest generic drugmaker and Israel’s largest company, is seen in Jerusalem February 8, 2017. REUTERS/Ronen Zvulun/File Photo TEL AVIV (Reuters) – Teva Pharmaceutical Industries is expected t... More »
Walt Disney Co executive John Lasseter, who heads animation at both Disney and Pixar, told company staff on Tuesday he was taking a six-month leave of absence following what he called "missteps" including unwanted hugs that made employees uncomfortable, accord... More »
NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee. The abrupt departure of Franklin Codel,... More »
U.S. Attorney General Jeff Sessions has asked Justice Department prosecutors to decide if a special counsel should be appointed to investigate certain Republican concerns, including alleged wrongdoing by the Clinton Foundation and the sale of a uranium company... More »
President Donald Trump on Monday said he is nominating former pharmaceutical executive and industry lobbyist Alex Azar to serve as U.S. Health and Human Services secretary, saying Azar would push to lower the price of medicines. More »
Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London. More »
London Stock Exchange Group (LSE.L) will fix a date within three weeks for a shareholder vote on the removal of Chairman Donald Brydon and retention of CEO Xavier Rolet at the behest of activist investor TCI Fund Management, it said on Friday. More »
Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen. More »
Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday. More »
Kobe Steel (5406.T) executives, including President Hiroya Kawasaki, will decide whether to resign to take responsibility for a cheating scandal after a report from independent investigators due by year-end, two sources told Reuters. More »
The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company's board of directors, Insys said in a statement on Sunday. More »
U.S. President Donald Trump intends to nominate Michael Griffin, a former administrator of the National Aeronautics and Space Administration, as principal deputy undersecretary of defense for acquisition, technology, and logistics, the White House said on Frid... More »
Uber Technologies Inc [UBER.UL] said on Friday it hired a new chief legal officer to guide the company through its many legal quandaries, filling one of the crucial vacancies in its leadership. More »
Technology executive Dave DeWalt has joined early-stage cyber-security venture capital firm Allegis Capital as a managing director, the fund said on Thursday, as it looks to invest more in companies closer to going public. More »
The Financial Industry Regulatory Authority said on Thursday that Susan Axelrod, its executive vice president for regulatory operations, is leaving the securities industry self-regulator for a job in the private sector early next year. More »
Zimbabwean President Robert Mugabe has been removed as a goodwill ambassador, the World Health Organization said on Sunday, following outrage among Western donors and rights groups at his appointment. More »
The World Health Organization (WHO) should overturn its decision to appoint Zimbabwean President Robert Mugabe as a goodwill ambassador, global health leaders said on Saturday, describing the move as unjustifiable and wrong. More »
The founder of Canada's comedy festival 'Just for Laughs', which draws celebrities including Trevor Noah, Sarah Silverman and Jerry Seinfeld, has resigned from his own company in the wake of allegations of sexual harassment. More »
Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. More »
Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London's transport regulator that stripped the taxi app of its operating license in one of its most important markets. More »
Bayliss and Rachit Vats More »
Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday. More »
The Weinstein Co has fired co-Chairman Harvey Weinstein, effective immediately, following reports of sexual harassment allegations against the executive, who was one of Hollywood's biggest power brokers, the film production company said on Sunday. More »
President Donald Trump on Thursday named Andrew Wheeler, a coal industry lobbyist and former congressional staffer, as his pick for deputy administrator of the U.S. Environmental Protection Agency, prompting contrasting reactions from industry and environmenta... More »
The California State Teachers' Retirement System (CalSTRS) said on Thursday it would support the nomination of Nelson Peltz, chief executive of Trian Fund Management, to the board of directors at Procter & Gamble Co (PG.N). More »
EFG International's Joachim Straehle is stepping down as chief executive after some 2-1/2 years, during which time the Swiss private bank acquired troubled BSI Bank from Brazil's BTG Pactual. More »
Uber's new global boss Dara Khosrowshahi will meet London's transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its most important foreign markets. More »
The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a m... More »
U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »
South Africa's tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office. More »
Citigroup Inc named Peadar MacCanna and Murat Demirel as trade co-heads for its treasury and trade solutions (TTS) business in Europe, Middle East and Africa (EMEA). More »
KPMG on Monday said it is weighing its options after South Africa's tax service announced plans to sue because of public statements the auditor made about a confidential report. More »
Credit Suisse has set up a new department to nurture socially conscious investing, the latest effort by a major bank to cater for growing demand for so-called impact investing. More »
Swiss money manager GAM Holding AG named Adrian Gosden investment director. More »
RPMI Railpen, the British investment manager for the Railways Pension Scheme, named Jocelyn Brown senior investment manager of the company's sustainable ownership team. More »
Financial technology firm Calastone Ltd, which operates a fund transaction network, named Stephen Mohan as chief operating officer. More »
Teva Pharmaceutical Industries Ltd named H Lundbeck A/S Chief Executive Kare Schultz as its new CEO and president on Monday, as it struggles with heavy debts and fierce competition for its generic drugs in the United States. More »
Netherlands-based Robeco Institutional Asset Management B.V. said it appointed Maureen Beshar as head of its United States business, effective immediately. More »
British investment management firm Tilney Group has appointed Tyrone Samsonroy and Ben Gibson as financial planners at its London office. More »
Novartis (NOVN.S) CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth. More »
Evolva (EVE.S) is cutting 43 percent of its workforce, paring locations and jettisoning additional management by year's end as the Swiss-based sugar substitute maker seeks to arrest widening losses, it said in a statement on Wednesday. More »
The Trump administration plans to name a Washington-based academic and former White House official, Victor Cha, as the next U.S. ambassador to South Korea, an administration official said on Tuesday. More »
Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company ... More »
listed shares trade on NYSE, not Nasdaq) More »
The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. More »
White House adviser Sebastian Gorka, who was closely aligned with a nationalist faction led by ousted senior strategist Steve Bannon, no longer works for President Donald Trump, the White House said on Friday. More »
Billionaire investor John Paulson promoted Tina Constantinides to head investor relations at his hedge fund Paulson & Co. More »
Shares of India's Infosys Ltd fell as much as 4.6 percent on Monday to a near three-year low, slumping for a second consecutive session, after brokerages including Nomura downgraded the stock following the resignation of its chief executive. More »
Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover... More »
SoundCloud, the world's most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. More »
Jacinda Ardern (C), New Zealand’s new opposition Labour leader, speaks to the press alongside members of her party after Andrew Little stepped down in Wellington, New Zealand, August 1, 2017. New Zealand’s opposition Labour party appointed Jacinda Ardern as it... More »
FILE PHOTO: Carlos Tavares (C), Chairman of the Managing Board of French carmaker PSA Group, Mary Barra (L), chairwoman and CEO of General Motors, and Dr Karl-Thomas Neumann, Chairman of the Management Board Opel Group GmbH, pose during a news conference in Pa... More »
U.S. President Donald Trump speaks during a cabinet meeting at the White House in Washington, U.S., July 31, 2017. U.S. President Donald Trump felt Anthony Scaramucci, whom he fired as his communications chief on Monday, made inappropriate comments to The New ... More »
File photo: Thomas Glocer speaks at the TD Securities Telecom and Media Forum in Toronto, June 9, 2011. Morgan Stanley board member Thomas Glocer will take over the role of independent lead director starting in September, the bank said on Thursday. More »
FILE PHOTO – Visa CEO Charles Scharf (2nd R) and company executives ring the opening bell at the New York Stock Exchange, March 19, 2013. Bank of New York Mellon Corp (BK.N) named Visa Inc’s (V.N) former chief executive Charles Scharf as its CEO, effective imm... More »
A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays (BARC.L) announced on Wednesday board appointments for its non-ring fenced business Barclays International (BI), to comply with new post-crisis rules forcing British ban... More »
The Sauber Formula One team appointed Frederic Vasseur as their new boss on Wednesday, with the former Renault team principal set to join after the weekend’s British Grand Prix at Silverstone. More »
U.S. Secretary of State Rex Tillerson speaks at the 2017 Trafficking in Persons Report (TIP) Ceremony at the State Department in Washington, U.S., June 27, 2017. REUTERS/Yuri Gripas U.S. Secretary of State Rex Tillerson has appointed Kurt Volker, the former U.... More »
Undated handout photo of Walter Shaub. REUTERS/U.S. Office of Government Ethics/Handout The head of the U.S. Office of Government Ethics, who clashed with President Donald Trump and his administration, said on Thursday he would resign before his five-year term... More »
American International Group Inc. (AIG) headquarters seen on the day of the company’s 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn American International Group Inc’s new global chief operating offic... More »
American International Group Inc. (AIG) headquarters seen on the day of the company’s 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn American International Group Inc is expected to hire the head of Ma... More »
Ericsson Chairman of the board Leif Johansson presents Borje Ekholm as the new CEO for the Swedish telecom company Ericsson during a press conference at the company’s headquarters in Kista, Stockholm, Sweden October 26, 2016. TT News Agency/Janerik Henriksson/... More »
Fox Sports fired Jamie Horowitz, its president of national networks, on Monday, according to a memo sent to employees, which provided no reasons for the dismissal but did emphasize the importance of “professional conduct.” More »
The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai Two high-level quantitative researchers have left BlackRock Inc (BLK.N) as the world’s largest asset manager embarks on an ambitious effort to ... More »
FILE PHOTO: Fabrice Bregier (L), Airbus President and Chief Executive Officer and Tom Enders (R), Chief Executive Officer of Airbus Group, at the Airbus headquarters in Toulouse April 11, 2015. REUTERS/Adrien Helou/File Photo Airbus unveiled on Monday a corpor... More »
Wells Fargo Asset Management named Jonathan Hobbs as head of U.S. portfolio solutions and Kevin Kneafsey as a senior investment strategist with the multi-asset client solutions group. More »
Independent investment management firm HQ Capital named Jeremy Katz as a co-head of its real estate group. More »
FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian ... More »
Electronic broker Instinet LLC, a unit of Nomura Holdings Inc, named Scott Douglass as U.S. head of sales for its commission management services (CMS) business, based in New York. More »
FILE PHOTO – David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian/File Photo Uber Technologies I... More »
FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid fo... More »
FILE PHOTO: A promotional sign adorns a stage at a BHP Billiton function in central Sydney August 20, 2013. REUTERS/David Gray/File Photo Activist shareholder Elliott Management called on BHP (BHP.AX)(BLT.L) on Wednesday to “upgrade” its board of directors as ... More »
Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California, U.S. on November 3, 2015. REUTERS/Elijah Nouvelage Verizon Communications Inc (VZ.N) said on Tuesday it closed its $4.4... More »
