Facebook CEO’s compensation jumps to $8.9 million as security costs soar
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security.
Zuckerberg’s compensation jumps to $8.9 million as security costs soar
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security.
GE takes $4.2 billion charge, restates earnings
NEW YORK (Reuters) – General Electric Co said on Friday it will take a charge of $4.24 billion in the first quarter and reduce earnings over the last two years by 30 cents a share, figures in line with expectations the company set earlier this year wh…
Fed proposes capital rule change to soften impact of new accounting standards
WASHINGTON (Reuters) – The U.S. Federal Reserve on Friday proposed revising bank regulatory capital rules to ease the impact of new international accounting standards for credit losses.
U.S. lowers NAFTA key auto content demand: auto executives
MEXICO CITY/WASHINGTON (Reuters) – U.S. trade negotiators have significantly softened their demands to increase regional automotive content under a reworked NAFTA trade pact in an effort to move more quickly towards a deal in the next few weeks, auto i…
Wall Street falls as bank stocks, Syria conflict weigh
NEW YORK (Reuters) – Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors.
Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher.
Bratz maker’s CEO bids $890 million for Toys ‘R’ Us stores
(Reuters) – Bratz doll maker MGA Entertainment said on Friday its billionaire founder and chief executive, Isaac Larian, had made an $890 million bid for Toys ‘R’ Us stores in the United States and Canada.
Wells Fargo CFO says government, not banks, should set gun policy
NEW YORK (Reuters) – Wells Fargo & Co believes the U.S. government, rather than banks, should set rules to promote gun safety, its finance chief said on Friday.
Wall St. dips as JPMorgan leads bank stocks lower
(Reuters) – Banks led a drop in U.S. stocks on Friday, as results from big lenders including JPMorgan failed to enthuse investors keeping a wary eye on Russia’s plan to consider banning some U.S. imports.
