UK senior lawmakers call on government to release Toyota investment reassurances
LONDON (Reuters) – Two British parliamentary committees said on Monday that the government should reveal what post-Brexit reassurances it offered Japanese carmaker Toyota ahead of a 240-million pound ($313 million) investment in its English car plant….
Landis+Gyr set to opt for IPO over straight sale of company: sources
ZURICH/FRANKFURT (Reuters) – Landis+Gyr is almost certain to opt for a planned public listing of its shares instead of a straight sale of the company, three sources familiar with the matter told Reuters.
FedEx says cyber attack to hurt full-year results
(Reuters) – Package delivery company FedEx Corp said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results.
New BNY Mellon CEO Scharf says organic growth top priority
BOSTON (Reuters) – New BNY Mellon Corp Chief Executive Officer Charles Scharf said on Monday he will focus on boosting the custody bank’s organic growth, but he would consider acquisitions if they make strategic sense.
KKR names Bae, Nuttall as co-presidents in step toward succession
(Reuters) – KKR & Co LP , the private equity firm founded and headed by Henry Kravis and George Roberts, said on Monday it had appointed Joseph Bae and Scott Nuttall as co-presidents and co-chief operating officers, setting them up as its future leaders.
Qualcomm loses appeal against EU threat of daily fine
BRUSSELS (Reuters) – U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday.
Trian takes off the gloves, aiming to put Peltz on P&G’s board
(Reuters) – Activist investor Nelson Peltz is seeking a seat on Procter & Gamble Co’s board, taking public his frustrations with the company’s lagging stock price and railing against its “suffocating bureaucracy.”
BNY Mellon names ex-head of Visa as CEO
(Reuters) – Bank of New York Mellon Corp named Visa Inc’s former chief executive Charles Scharf as its CEO, effective immediately.
Wall Street ends flat; Netflix jumps after the bell
NEW YORK (Reuters) – U.S. stocks closed little changed in low volume on Monday as gains in utilities and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.
Lack of voting rights may keep Snap, others from MSCI indexes
BOSTON (Reuters) – MSCI Inc has proposed leaving shares of Snap Inc and other companies including Eaton Vance Corp out of stock indexes because they lack voting rights, a sign of the rising skepticism facing corporate structures that boost the power …
