corporate-governance
Top StoriesSoccer-Klopp Proud of Liverpool for Keeping up Intensity After Nunez Red Card
Top StoriesCredit Suisse Steps up $440 Million Legal Dispute With SoftBank
Top StoriesGsk, Sanofi, Haleon Slump on Zantac Litigation Concerns
Top StoriesAnalysis: Antitrust Rules, Petro-Canada Profits May Hinder Suncor From Selling Unit
Siemens’ Posts First Quarterly Loss in 12 Years After Writedowns Hit Q3
Date: August 11, 2022
By John Revill ZURICH (Reuters) -Siemens said on Thursday it continued to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to quit Russia pushed the engineering group into the red for the first time in nearly 12 years. The maker of industrial software and trains...
Holiday Inn Owner Ihg Sweetens Shareholder Returns on Travel Rebound
Date: August 9, 2022
By Muhammed Husain (Reuters) – IHG announced a $500 million share buyback on Tuesday after half-year profit more than doubled, boosted by higher room prices, strong demand for leisure travel and a recovery in business stays, especially in the United States. Hotel operators are benefiting as people spend more on travel and book longer hotel...
French Utility Veolia Agrees to Sell Suez UK Assets to Macquarie for 2.4 Billion Euros
Date: August 8, 2022
PARIS (Reuters) -French utility company Veolia confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion), a deal aimed at resolving antitrust concerns. Earlier, Veolia said that it was proposing to sell off its former rival, Suez’s UK waste business, after Britain’s Competition and Markets...
Companies in China Distance Themselves From Taiwan Amid Pelosi Backlash
Date: August 8, 2022
By Eduardo Baptista BEIJING (Reuters) – From a Chinese soy sauce maker to an Asia-focused asset manager, companies in China are rushing to distance themselves from geopolitical tensions over Taiwan following last week’s visit to the island by a high-profile U.S. official. China claims self-ruled Taiwan as its territory, and the visit by U.S. House...
Activist Investor Fights for Broader Representation at Richemont
Date: August 8, 2022
By John Revill ZURICH (Reuters) -Activist shareholder Bluebell Capital Partners on Monday claimed a partial victory in its efforts to overhaul management at luxury group Richemont after the company proposed the appointment of a director to look after the interests of ordinary shareholders. Cartier jewellery group Richemont is controlled by Chairman Johann Rupert, who owns...
Analysis: Banks Are Twitter-Deal Escape Hatch That Musk Would Struggle With
Date: August 5, 2022
By Anirban Sen and Greg Roumeliotis (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc have a financial incentive to help the world’s richest person walk away but would face long legal odds, according to people close to the deal and corporate law experts. Twitter has sued Musk...