Shareholder advisors challenge SAP board in row over pay
FRANKFURT (Reuters) – Leading shareholder advisors have called on SAP investors to oppose the supervisory board of Europe’s largest technology company in a dispute over management pay.
Portland, Oregon to demand controversial Uber software tool
(Reuters) – The city of Portland, Oregon plans to subpoena Uber Technologies Inc to force it to disclose software that helped its drivers evade local transportation regulators, a city official said on Friday.
From two would-be Fed leaders, the central bank needs to change
PALO ALTO, Calif. (Reuters) – Unemployment is at a decade low, the American economy is growing, and inflation is nowhere in sight, yet for two leading candidates to head the Federal Reserve, the central bank needs shaking up.
Insurance dampens Berkshire results before annual meeting
OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results …
Pentagon to lease privately owned Trump Tower apartment for nuclear ‘football’: letter
WASHINGTON (Reuters) – The U.S. Defense Department is finalizing a lease on a privately owned apartment in New York’s Trump Tower for the White House Military Office to use for supporting President Donald Trump without providing any benefit to Trump or…
Community bankers’ political capital soars in Washington
WASHINGTON (Reuters) – Main Street lenders emerged from a meeting with U.S. President Donald Trump this week confident that his vision for an overhaul of banking regulation would set up a favorable environment for their industry.
Old-guard retail back in the cross hairs
NEW YORK (Reuters) – A glance at the U.S. stock market’s main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers.
Paul Singer’s Elliott Management raises $5 billion in 24 hours: letter
NEW YORK (Reuters) – Paul Singer’s hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption aft…
FCC chairman wants to cut regulations, speed new innovation approvals
WASHINGTON (Reuters) – The head of the Federal Communications Commission, Ajit Pai, said on Friday that the agency is continuing a sweeping regulatory review, keen to adapt rules to the digital age and get rid of rules that he said are barriers to busi…
Airbus well behind Boeing in January-April orders
PARIS (Reuters) – Airbus sold 25 passenger jets in April, bringing total orders for the European planemaker so far this year to 51, well behind its U.S. rival Boeing.
