Starboard nominates minority slate of directors to eBay board: WSJ
Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc’s board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
U.S. oil company workers made a big, bad retirement bet: their own stock
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the…
Warren Buffett to wait until April 1 to assess Berkshire Hathaway annual meeting: Omaha mayor
Warren Buffett intends to wait until around April 1 to decide whether the coronavirus outbreak will require changes to Berkshire Hathaway Inc’s annual shareholder weekend a month later, Omaha, Nebraska’s mayor Jean Stothert said.
Trump to discuss coronavirus response with Wall Street chiefs
President Donald Trump will meet with Wall Street executives on Wednesday to discuss the financial industry’s response to the coronavirus and the toll it is taking on small businesses, markets and the broader economy, the White House said.
NYSE takes steps to keep coronavirus from trading floor: memo
The New York Stock Exchange is taking steps to separate traders on the floor of its iconic 11 Wall Street building and employees of the NYSE and its parent Intercontinental Exchange Inc , to reduce the risk of spreading coronavirus, according to an int…
Dollar eases, stocks slide on uncertainty over US stimulus plans
The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action.
FAA chief confirms agency did not approve Boeing wiring bundles proposal
Federal Aviation Administration chief Steve Dickson confirmed Wednesday the agency has rejected Boeing Co’s proposal to leave wiring bundles in place on the grounded 737 MAX.
Factbox: Airlines count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have grounded many flights and ditched their financial outlooks.
Warren Buffett prefers waiting to start of April to assess Berkshire Hathaway annual meeting: Omaha mayor
The mayor of Omaha, Nebraska said on Wednesday that Warren Buffett would prefer to wait until one month before Berkshire Hathaway Inc’s annual shareholder weekend to decide whether to change its plans because of the coronavirus outbreak.
Saudi Arabia asked state agencies to implement big budget cuts: sources
Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said.
