BlackRock says voted to split CEO, chairman roles at Exxon Mobil
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company’s approach to climate risks.
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face bank fraud charges, dashing hopes for an end to her 18-month house arrest …
Oil slides on U.S.-China tensions
Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts.
MGM Resorts to re-open its Las Vegas casinos on June 4
MGM Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions aimed at curbing the spread of the novel coronavirus.
U.S. businesses slammed by pandemic but see some green shoots, Fed says
U.S. businesses continued to be hammered by the effects of the novel coronavirus epidemic in the United States into the middle of May, a Federal Reserve report showed on Wednesday, and few expected a swift recovery despite some signs of hope.
Wall Street gains amid economic hopes; tech shares decline
The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions.
American Airlines CEO quells U.S. bankruptcy talk, says demand improving
American Airlines Group Inc is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said on Wednesday and dismissed speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Occidental is sued by shareholders, bondholders over Anadarko merger
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petr…
Ferragamo calls back Norsa to help weather COVID storm
Italian luxury group Salvatore Ferragamo has called back former CEO Michele Norsa as executive director to help management revamp the brand and weather the COVID-19 storm.
