Rebel shareholders seek dismissal of AkzoNobel chairman in PPG takeover fight
AMSTERDAM (Reuters) – Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries .
Exclusive: Inside edge – Trump advisor Icahn’s big bet against biofuels credits
(Reuters) – Billionaire investor Carl Icahn’s oil refining company, CVR Energy , made a massive bet in 2016 that prices for U.S. government biofuels credits would fall – just before Icahn started advising President Donald Trump on regulations driving t…
Wal-Mart offers discounts for online orders picked up in store
CHICAGO (Reuters) – Wal-Mart Stores Inc will offer ‘pickup discounts’ to U.S. shoppers on items they order online and pick up in-store, as it revamps its e-commerce offerings at a faster pace to close the gap with larger rival Amazon.com Inc.
Lack of clarity on Toshiba earnings audit is a problem: Japan finance minister
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Wednesday that a lack of clarity on why auditors did not sign off on Toshiba Corp’s earnings is problematic for shareholders and financial markets.
Elliott is close to triggering special Akzo shareholder meeting: sources
(Reuters) – Hedge fund Elliott Advisors is close to securing support from enough Akzo Nobel NV investors to call for an extraordinary general meeting of the Dutch paint maker’s shareholders, according to people familiar with the matter.
Mexico stockbrokers ask bourse to probe Elektra stock surge
MEXICO CITY (Reuters) – Members of Mexico’s association of brokerages last week asked officials from the country’s stock exchange to look into a recent surge in the stock price of banking and retail company Elektra , according to three members of the g…
Uber’s communication head Rachel Whetstone to depart
(Reuters) – Ride services company Uber Technologies Inc said on Tuesday its head of communications, Rachel Whetstone, will leave the company.
U.S. airlines bumping fewer passengers, compensation varies
NEW YORK (Reuters) – U.S. airlines are bumping passengers off flights at the lowest rate since 1995, a Reuters analysis of federal data showed on Tuesday, even as United Continental Holdings has kicked up a storm over the practice.
Chevron executive pay rises in 2016 on value of pensions
HOUSTON (Reuters) – Compensation for three of Chevron Corp’s senior leaders, including Chief Executive John Watson, rose last year due to a change in how the value of pensions are calculated.
Volkswagen offers six-year warranty to win back U.S. customers
NEW YORK (Reuters) – Volkswagen AG is trying to win back American customers after its diesel emission scandal with SUV warranties that it said will be the longest in the United States.
