Galvanized by Kraft, Unilever keeps shareholders sweet with cash
LONDON (Reuters) – Unilever promised shareholders a multi-billion euro rewards package on Thursday after February’s $143 billion takeover offer from Kraft Heinz jolted it into a corporate makeover aimed at proving it can go it alone.
Wall Street posts slight gain, investors anxious on Trump-Xi meet
(Reuters) – Wall Street’s major indexes closed slightly higher on Thursday but finished well off session highs as investors were nervous about upcoming talks between China’s President Xi Jinping and U.S. President Donald Trump.
BP cuts CEO’s pay package by 40 percent after shareholder backlash
LONDON (Reuters) – BP has cut Chief Executive Bob Dudley’s pay package by 40 percent to $11.6 million, the company said on Thursday, the latest British bluechip company to rein in executive pay after shareholder revolts.
Exclusive: Zara owner Ortega shields Inditex stake to maintain family control
MADRID (Reuters) – Amancio Ortega, founder of the world’s biggest clothing retailer Inditex and Europe’s richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassail…
Air travel demand up in February, despite U.S. travel restrictions
BERLIN (Reuters) – Global demand for air travel rose 4.8 percent in February, thanks to lower fares and improving economies, with no major impact from an attempted U.S. travel ban, the International Air Transport Association (IATA) said on Thursday.
Cheers! Former Oz PM Bob Hawke launches lager to round of applause
MELBOURNE (Reuters) – Former Australian prime minister and legendary beer drinker Bob Hawke may become a legendary beer maker after he launched his own craft lager on Thursday.
Former Barclays traders acquitted in UK’s fourth Libor trial
LONDON (Reuters) – Two former junior Barclays traders have been unanimously acquitted by a London jury of conspiring to rig Libor benchmark interest rates in a blow to the UK Serious Fraud Office (SFO).
Deutsche Bank not thinking about mergers, has other things to do: CEO
BERLIN (Reuters) – Deutsche Bank , which is in the midst of an 8 billion euro ($8.5 billion) capital increase, is currently not thinking about mergers, Chief Executive John Cryan said.
BlackRock sees Singapore office market improving as supply tapers
SINGAPORE (Reuters) – BlackRock said the worst was over for Singapore’s office property market with supply tapering off, and that elsewhere in Asia Pacific, the world’s largest asset manager was looking to raise its real estate exposure in Japan and A…
Sunoco to sell 1,110 U.S. stores to 7-Eleven operator for $3.3 billion
(Reuters) – Sunoco LP said on Thursday it would sell 1,110 convenience stores to Japan’s Seven & i Holdings Co for $3.3 billion as the Texas-based company shifts its focus to its fuel supply business.
