1. Articles in category: BoardNews

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    1. Viacom Surges After Reports it's in Talks to Merge with CBS

      Viacom Surges After Reports it's in Talks to Merge with CBS

       

      • Shares of media conglomerate Viacom spiked as much as 12% just before the closing bell Friday after TheWrap reported it was in talks to merge with CBS. The stock closed up 7%.
      • The news website said CBS chairman Les Moonves is now open to the consolidation, reversing his previous stance, citing three individuals with knowledge of the talks.
      • Viacom was formed in 2005 out of a split from the previous iteration of the company, with the predecessor re-branded as the CBS Corporation...
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    2. Aflac Plummets After Allegations that the Company Deceived Shareholders

      Aflac Plummets After Allegations that the Company Deceived Shareholders
      • Shares of Aflac plummeted on Friday after the company was alleged to have "exploited workers, manipulated its accounting, and deceived shareholders and customers."
      • Aflac's shares were down 7.84% to $84.50 a share on Friday.
      • The investigative news site The Intercept first broke the news, interviewing nine former employees who have sued the company over the claims.
      • Aflac released a statement calling the allegations false...
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    3. Robert Jackson and Hester Peirce Sworn In as SEC Commissioners

      Robert Jackson and Hester Peirce Sworn In as SEC Commissioners

      Washington D.C.-- Robert J. Jackson Jr. and Hester M. Peirce were sworn into office as SEC Commissioners this morning by SEC Chairman Jay Clayton.

      Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were confirmed by the U.S. Senate on Dec. 21. Both new commissioners participated in today’s inaugural meeting of the SEC’s Fixed Income Market Structure Advisory Committee...

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    4. Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is raising hourly pay from $9 to $11 as a result of recent tax law changes.

      • It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental leave benefits, and assistance with adoption expenses.
      • The changes will impact more than one million Walmart employees in the US.

      Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday...

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      Mentions: CEO Walmart Pay Raise
    5. Valeant CEO Papa says Drugmaker has 'Turnaround Opportunity of a Lifetime'

      Valeant CEO Papa says Drugmaker has 'Turnaround Opportunity of a Lifetime'

      (Bloomberg) -- Valeant Pharmaceuticals International Inc. became a household name with its historic rise and fall. Reviving the drugmaker is proving a unique challenge. “This is a turnaround opportunity of a lifetime,” Chief Executive Officer Joseph Papa, who took over in May 2016, said during a presentation Wednesday at the J.P. Morgan Healthcare Conference in San Francisco...

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    6. The first female big pharma CEO had the perfect response to a question about women in leadership

      The first female big pharma CEO had the perfect response to a question about women in leadership

      GlaxoSmithKline CEO Emma Walmsley made history in 2017, when she became the first woman to head up a major pharmaceutical company. 

      In her first company presentation at an industry conference as the CEO of GSK, Walmsley was asked about female leadership in the pharmaceutical industry. She responded not by talking about gender, but by running through how she thinks about her responsibilities as CEO. 

       

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    7. Qualcomm Creates Severance Plan for Workers Should Broadcom's Hostile Takeover Succeed

      Qualcomm Creates Severance Plan for Workers Should Broadcom's Hostile Takeover Succeed

      A Broadcom spokesman said the company continues to hope Qualcomm's board would engage in merger talks but declined further comment. A Qualcomm ... The new severance plan defines change of control to include a replacement of a majority of Qualcomm's current board of directors . Broadcom ...

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    8. Warren Buffett says Bitcoin 'Definitely will Come to a Bad Ending'

      Warren Buffett says Bitcoin 'Definitely will Come to a Bad Ending'
      • "What's going on definitely will come to a bad ending," said Warren Buffett, Berkshire Hathaway's CEO, on cryptocurrencies.
      • Buffett told CNBC the firm will never have a position in cryptocurrencies.

      Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.

      "We don't own any, we're not short any, we'll never have a position in them," Buffett said in an interview on CNBC...

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    9. ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

      ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

      Institutional investors are talking to plaintiffs lawyers about potentially filing suit against Intel over CEO Brian Krzanich's massive stock sale in November.

      • Krzanich gained some $24 million by selling all the shares and options he was allowed to sell under a plan he put in place only the month before. His plan was put in place months after Intel was informed of a major security vulnerability in its chips...
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      Mentions: Investors CEO SEC
    10. Jana Partners on Apple iPhone Addiction Problem: Easy Fix for Apple

      Jana Partners on Apple iPhone Addiction Problem: Easy Fix for Apple

      Jana Partners believes Apple could easily fix what the firm sees as a growing problem of young people getting addicted to the tech giant's iPhones. In an interview Tuesday with CNBC's " Fast Money Halftime Report, "Jana's Barry Rosenstein and Charles Penner explained why Jana — a leading activist shareholder — and the California State Teachers' Retirement System, or CalSTRS — one of the nation's largest public pension plans — are putting pressure on Apple to address this issue...

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      Mentions: CEO Facebook Jana
    11. Chase CEO Sheepishly Says He's Sorry For Being Mean To Bitcoin

      Chase CEO Sheepishly Says He's Sorry For Being Mean To Bitcoin

      Back in September, JPMorgan Chase CEO Jamie Dimon famously declared Bitcoin a "fraud," and the market for the cryptocurrency quickly by eight per cent. Then it recovered - by a lot. This week, Dimon said that he regrets the remark and he says "the blockchain is real." Dimon's earlier assessment has become a common citation for anyone trying to shit on Bitcoin and cryptocurrency in general...

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    12. Activist Investor Starboard Calls for 'Substantial Change' at Israel's Mellanox

      Activist Investor Starboard Calls for 'Substantial Change' at Israel's Mellanox

      In a letter to Israel’s Mellanox Technologies Ltd., activist investor Starboard Value LP, which is the company’s largest shareholder, attributed the firm’s underperformance compared to other semiconductor companies to “weak execution,” “excessive spending” and “missed growth opportunities.” Starboard, a New York-based investment adviser that invests in publicly traded US companies, in November acquired a 10.7 percent stake in the Israeli maker of servers and storage switching solutions, in a bid to turn around its fortunes. “We invested in Mellanox because we believe the company is deeply undervalued and there are significant opportunities to create value based ...

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      Mentions: Investment CEO crisis
    13. Apple Should Address Youth Phone Addiction, say Two Large Investors

      Apple Should Address Youth Phone Addiction, say Two Large Investors

      Apple store in New York on November 3, 2017. Reuters Apple Inc shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said...

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    14. 'The S&P 500 Has a 10% Correction:' Blackstone's Byron Wien Unveils His Big Surprises for 2018

      'The S&P 500 Has a 10% Correction:' Blackstone's Byron Wien Unveils His Big Surprises for 2018
      • Blackstone Vice Chairman and investing ace Byron Wien is out with his list of 10 "surprises" for 2018.
      • These predictions, he says, have a better-than-50% chance of happening, but the average investor assigns them only about a one-in-three chance.
      • The list, now in its 33rd year, includes a 10% stock market correction, populism worsening, and Republicans losing big in the midterm elections...
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    15. Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

      Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

       

      • Benchmark is selling nearly 15% of its stake in Uber to Softbank for about $900 million.
      • The deal is part of Softbank's effort to build up a big stake in ride-hailing giant Uber, by buying shares from existing shareholders and from Uber itself.
      • Softbank offered to buy shares from existing shareholders at a steep discount to Uber's most recent private valuation.  Even so, shareholders offered to sell Softbank more shares than it wanted to buy, including Benchmark....
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      Mentions: CEO Uber Japan
    16. Envision Enhances Governance, will Destagger Board and Allow Proxy Access

      Envision Enhances Governance, will Destagger Board and Allow Proxy Access

      “The proposals to elect directors annually and adopt proxy access will provide shareholders with greater access and input into important governance matters facing the Company , and the decision to establish the role of Lead Independent Director and to elect Denny to serve in the role immediately is ...

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    25-48 of 7532 « 1 2 3 4 5 ... 312 313 314 »
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