Goldman Sachs shareholders back directors, executive pay packages
Goldman Sachs Group Inc said on Thursday that shareholders voted to elect all of the company’s directors and that more than 90 percent of votes favored its executive pay packages.
Wall Street opens slightly lower after mixed bag of earnings
U.S. stocks opened slightly lower on Thursday as investors assessed a mixed batch of earnings, while the Federal Reserve dented hopes of a cut in interest rates.
Tesla seeks up to $2.3 billion from share, debt issues
Tesla Inc announced plans to raise up to $2.3 billion in new capital on Thursday, easing Wall Street concerns over the electric carmaker’s ability to see through its ambitious investment plans while it works to deliver a steady profit.
Caterpillar raises quarterly dividend by 20 percent to record payout
Caterpillar Inc will issue a record dividend for the second quarter, up 20 percent from its previous payout, and plans to further increase returns to shareholders over the next four years, the company said on Thursday ahead of its investor day.
Bombardier to sell key Northern Ireland plant, shocking workers
Canada’s Bombardier Inc shocked workers in Northern Ireland on Thursday by announcing it would sell its Belfast operation, the largest high-tech manufacturer in the British region, which employs 3,600 people.
Stocks slip, dollar drifts after Fed dents rate cut hopes
Europe’s share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the U.S. Federal Reserve dampened bets that it might be readying its first interest rate cut in years.
Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales
Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher.
Kellogg CFO steps down, earnings slide on higher input costs
Kellogg Co said on Thursday that Chief Financial Officer Fareed Khan was stepping down and would be replaced by Amit Banati, who heads the Froot Loops maker’s Asia Pacific, Africa and Middle East business.
DowDuPont profit slumps 28 percent, hit by lower chemical demand
DowDuPont Inc reported a 28 percent fall in adjusted quarterly profit on Thursday, as floods in the U.S. midwest and a sluggish growth in auto and smartphone markets hit prices of its specialty and agricultural chemicals as well as volumes in North Ame…
Tesla to raise $2 billion from share, debt issues
Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares.
