Proxy adviser ISS recommends vote ‘against’ executive pay at Alphabet
Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote “against” the company’s proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.
Oil prices, gasoline demand climb as countries ease coronavirus curbs
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic.
GM kicks off restart in Mexico as Lear Corp readies for return
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.
SoftBank Group’s sale of 5% telco unit stake to raise $2.9 billion
SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.
Asia shares set to fall as Sino-U.S. strains hit confidence
Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.
GM starts to reopen plants in Mexico
General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.
EasyJet board looks set to win latest battle with Stelios
EasyJet’s board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline’s plan to stick with a $5.5 billion plane order.
Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.
Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras
President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mas…
U.S. strikes at a Huawei prize: chip juggernaut HiSilicon
The latest U.S. government action against China’s Huawei takes direct aim at the company’s HiSilicon chip division — a business that in a few short years has become central to China’s ambitions in semiconductor technology but will now lose access to t…
