Japan Seven & i shareholders approve new president, but predecessor lingers
TOKYO (Reuters) – Shareholders of Japan’s biggest retail conglomerate Seven & i Holdings approved on Thursday the appointment of its new president, Ryuichi Isaka, a choice backed by U.S. activist investor Daniel Loeb but opposed by Isaka’s long-reigning predecessor.
U.S. levies hefty duties on Chinese corrosion-resistant steel
WASHINGTON (Reuters) – Corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450 percent under the U.S. Commerce Department’s latest clampdown on a glut of steel imports, the agency said on Wednesday.
Hundreds protest in downpour at shut McDonald’s headquarters
OAK BROOK, Ill. (Reuters) – Hundreds of protesters marched through pouring rain to call for higher wages and union rights at McDonald’s Corp on Wednesday, leading the hamburger chain to shut down its headquarters a day before its annual meeting.
Boeing reduces size of tech workforce amid competitiveness drive
NEW YORK (Reuters) – Boeing Co said on Wednesday it was reducing the size of its tech support unit as part of an ongoing drive to lower costs.
HP Inc profit beats Street amid weak market for PCs, printers
(Reuters) – HP Inc , which houses the former Hewlett-Packard Co’s legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers.
Fed survey lays bare U.S. economic divide
WASHINGTON (Reuters) – Almost half of American families say they would struggle to pay for emergency expenses and those with a high school degree or less are most likely to say their well-being has declined, according to a Federal Reserve survey releas…
Exxon shareholders pass measure that may put climate expert on board
DALLAS/SAN RAMON, Calif. (Reuters) – Voters at Exxon Mobil Corp’s annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at t…
Mexico’s Arca signs letter of intent with Coca-Cola bottling franchise in U.S.
MEXICO CITY (Reuters) – Mexican bottling company Arca Continental said on Wednesday it had signed a letter of intent with the Coca-Cola Company and Coca-Cola Bottling Company UNITED to operate the Coca-Cola franchise in parts of the United States.
S&P 500 ascends 2 percent in two days
(Reuters) – Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.
Glass Lewis recommends shareholders vote for Tribune Publishing board
(Reuters) – Shareholder advisory firm Glass Lewis & Co said in a report that Tribune Publishing Co shareholders should not heed Gannett Co Inc’s call to withhold votes for Tribune’s board nominees at its upcoming annual meeting on June 2.
