A south Korean court has jailed Lee Sang-hoon, Samsung Electronics Co Ltd board Chairman following a sentence of up to 1-1/2 years in jail. Lee Sang-hoon has been charged for sabotaging legitimate union activities, said the South Korean court. Along… Read More ›
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
Celine Jersey Topco is the parent of British department store group Debenhams. According to a statement from British department store group Debenhams, Mark Gifford, a former chief financial officer (CFO) at House of Fraser, has been appointed as the chairman… Read More ›
The proceeds will be used to reduce the company’s debt load and help execute its five-year strategic plan. In a securities filing, Brazil’s state-run power firm stated, its board of directors has approved an extraordinary shareholders meeting to decide upon… Read More ›
John Kingman was closely involved in the British government’s response to the 2008 financial crisis as Second Permanent Secretary to the treasury. On Monday, Tesco’s financial arm stated, it has appointed John Kingman, the businessman who oversaw Britain’s bailout of… Read More ›
The appointment comes midst a string of profit warnings. WPP, the world’s biggest advertising agency, has appointed John Rogers, the CEO of retailer Sainsbury’s Argos as its new director of finance. Rogers will be taking over from outgoing Paul Richardson… Read More ›
ExxonMobil along with 4 other companies have been removed from its board following non-compliance to key minimum requirements, including on emissions reporting and targets. In a significvant development, the Legal & General Investment Management, Britain’s biggest asset manager, has dumped… Read More ›
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›
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