corporate-governance
Top StoriesAllianz Shells Out 140 Million Euros to Shut U.S. Fund Unit After Fraud
Top StoriesThomson Reuters Raises Sales Outlook, Citing Strong Core in Face of Slowdown
Top StoriesBayer’s Agriculture Unit, Consumer Health Drive Outlook Hike
Top StoriesExclusive: Airbus Axes Remaining A350 Jet Deal With Qatar Airways – Sources
Ben & Jerry’s Says Unilever Froze Directors’ Salaries
Date: August 3, 2022
By Jessica DiNapoli NEW YORK (Reuters) -Ben & Jerry’s independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors’ salaries in July as a pressure tactic ahead of a mediation on the matter. The Cherry Garcia ice cream maker...
Credit Suisse Shares Falter on Bleak Ratings News
Date: August 2, 2022
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new top boss to help it recover from a string of scandals and losses. Moody’s Investors Service downgraded the group’s senior unsecured debt ratings by one...
Toyota Unit Falsified Emissions Data From at Least 2003, Probe Finds
Date: August 2, 2022
By Satoshi Sugiyama TOKYO (Reuters) -A major affiliate of Japan’s Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed on Tuesday. The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on...
Einhorn’s Greenlight Takes Stake in Twitter – Letter
Date: August 1, 2022
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about the deal. Greenlight founder David Einhorn wrote to investors...
Revlon Gets Court Approval for $1.4 Billion Bankruptcy Loan
Date: August 1, 2022
By Dietrich Knauth (Reuters) – Revlon Inc received a U.S. bankruptcy judge’s permission on Monday to proceed with a $1.4 billion loan, over an objection by junior creditors who argued that its onerous terms could block their chance to recover anything from the cosmetic company’s bankruptcy. U.S. Bankruptcy Judge David Jones in Manhattan ordered modifications...
Stephen King Goes to Bat for U.S. Gov’t in Case Against Book Publishing Mega-Merger
Date: August 1, 2022
By Diane Bartz WASHINGTON (Reuters) – The U.S. Justice Department will ask a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. Also on Monday,...