U.S. securities regulator should demand more voting disclosure from fund managers: official
The U.S. securities regulator should consider imposing stricter disclosure requirements on institutional fund managers relating to how they vote in corporate elections, a Securities and Exchange Commission (SEC) official said on Thursday.
Collapse of Tesco re-trial casts cloud over British fraud agency
The UK Serious Fraud Office (SFO) defended itself on Thursday against criticisms of “serious failings” after the collapse of a high-profile re-trial of former Tesco executives, insisting the prosecution had been in the public interest.
Oil dives 4 percent after OPEC delays output decision
Oil fell more than 4 percent in choppy trading on Thursday after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.
Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer
Sears Holdings Corp Chairman Eddie Lampert’s ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.
Shares spiral on arrest of China executive; oil sinks as output decision delayed
Stock markets around world tumbled on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank on fears of smaller-than-expected output cuts.
Wall Street slides on global growth fears erases S&P’s 2018 gains
The S&P 500 and the Dow Jones Industrial Average slipped back into losses for the year on Thursday as U.S. stocks slid on mounting worries of slowing global growth after a fresh twist in China-U.S. tensions as well as falling oil prices and U.S. bond yields.
Coca-Cola CEO Quincey to take on chairman role in April
Coca-Cola Co said on Thursday Chief Executive Officer James Quincey would take on the additional role of chairman next April, when incumbent Muhtar Kent retires after four decades with the world’s largest beverages maker.
Ericsson says has identified software glitch causing mobile network outages
Mobile network equipment group Ericsson said on Thursday it had identified an issue in certain nodes in the core network resulting in network disturbances for some customers.
J&J unit to pay $360 million to U.S. to resolve charity kickback probe
A Johnson & Johnson unit will pay the U.S. government $360 million to resolve an investigation into its financial support of a charity that helped Medicare patients cover out-of-pocket drug costs, the Justice Department said on Thursday.
U.S. factory orders post largest drop in more than a year
New orders for U.S.-made goods recorded their biggest drop in more than a year in October and business spending on equipment appeared to be softening, suggesting a slowdown in activity in the manufacturing sector.
