Sorrell haunts WPP as shareholders rebel over farewell package
LONDON (Reuters) – Angry WPP shareholders rebelled on Wednesday at an annual meeting dominated by differences over the departure of the advertising firm’s former chief executive Martin Sorrell.
Exclusive: Etihad Airways in talks to cancel, defer Boeing 777X orders – sources
DUBAI/ABU DHABI (Reuters) – Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier’s financial strains and potentially squeezing Boeing’s newest model, four sourc…
VW fined one billion euro by German prosecutors over dieselgate
BERLIN (Reuters) – Volkswagen was fined 1 billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.
Wall Street edges higher as Fed decision looms
(Reuters) – U.S. stocks inched higher on Wednesday, as investors awaited a widely expected interest rate hike by the Federal Reserve and its guidance on the monetary policy.
Trump, Iran spar over oil prices ahead of OPEC meeting
WASHINGTON/LONDON (Reuters) – U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global …
Facebook releases new privacy safeguards after ceding to pressure from advertisers
WASHINGTON (Reuters) – Facebook is installing new controls it says will better inform its members about the way companies are targeting them with advertising, the latest step to quell a public outcry over the company’s mishandling of user data.
White House seeks to block Congress from killing ZTE deal: report
WASHINGTON (Reuters) – The White House will try to derail an effort in the U.S. Congress to block the Trump administration’s deal to allow ZTE Corp, China’s No. 2 telecommunications equipment maker, to resume doing business with American suppliers, the…
Fox, media firms rise after AT&T-Time Warner approval
(Reuters) – Twenty First Century Fox Inc’s shares rose 8 percent to a record-high on Wednesday as approval for AT&T’s buyout of Time Warner Inc spurred speculation that Comcast Corp would proceed with an offer for most of the media company’s assets.
Linde-Praxair deal gets Brazil antitrust nod
BRASILIA (Reuters) – Brazil’s antitrust regulator on Wednesday approved the $80 billion merger of gas group Linde AG and Praxair Inc, as long as the companies go ahead with an undisclosed asset sale plan.
U.S. automaker GM names Suryadevara CFO to succeed Stevens
(Reuters) – General Motors Co said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker.
