SEC says Wal-Mart can omit shareholder proposal on staff ‘engagement’
(Reuters) – Wal-Mart Stores Inc said it would omit a shareholder proposal that sought to link executive pay to a measure of staff motivation from a vote at its annual meeting in June after the U.S. securities regulator ruled in the retailer’s favor.
Ackman says shutting Herbalife down is key to him
WASHINGTON (Reuters) – Hedge fund mogul William Ackman, who has spent more than two years accusing Herbalife Ltd of running a pyramid scheme, said on Monday that shutting down the company is “one of the most important things” he can do.
McDonald’s starts table service in Germany
FRANKFURT (Reuters) – McDonald’s Corp is introducing table service in Germany as it reinvents itself as a “modern, progressive burger company” under new Chief Executive Steve Easterbrook.
U.S. investor lawsuit over Harbinger’s LightSquared is dismissed
NEW YORK (Reuters) – A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment …
Oil down as Iran races for Tuesday deadline on nuclear deal
NEW YORK (Reuters) – Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran’s nuclear program that could end Western sanctions and allow the OPEC member to ship more crude into an alrea…
AIG Chairman Steve Miller to step down in July: WSJ
(Reuters) – American International Group Inc Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported.
UnitedHealth to buy pharmacy benefit firm Catamaran for $12.8 billion
(Reuters) – Health insurer UnitedHealth Group Inc agreed to buy Catamaran Corp in a deal worth about $12.8 billion to boost its pharmacy benefit business as it competes with bigger rivals such as Express Scripts Holdings Co .
U.S. not liable for alleged SEC negligence in Stanford fraud: court
(Reuters) – A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford’s fraud who claimed that the Securities and Exchange Commission was incompetent for having taken too long to uncover the swindler’s $7.2 bil…
SEC accuses financier Lynn Tilton of defrauding investors
WASHINGTON (Reuters) – U.S. regulators on Monday accused flamboyant New York financier Lynn Tilton and her advisory business of defrauding investors by hiding the poor performance of assets underlying three collateralized loan obligation funds.
Tesla CEO Musk’s upbeat tweets about China boost stock
DETROIT (Reuters) – Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company’s sagging China operations on Monday, sparking a sharp rebound the company’s stock.
