HP moves annual meeting online-only as CEO face time fades
BOSTON (Reuters) – Hewlett-Packard Co will become the largest company to hold an online-only annual shareholder meeting this March, joining a trend toward virtual conferences that some activists worry keeps CEOs off the hotseat.
Airbus says A321 to account for 36 percent of A320 deliveries in 2015
SEATTLE (Reuters) – Airbus Group forecast on Thursday that 36 percent of its A320 aircraft family deliveries this year will be the A321 jetliner, up from 31 percent in 2014.
Tesla years away from its goal of reaching Apple’s market cap
NEW YORK (Reuters) – How far does electric car maker Tesla Motors Inc have to go to reach its goal of matching Apple Inc’s current market value? It would take 26 years, based on rough calculations by Reuters, unless it starts selling a lot more cars.
Charles Schwab says it seeks new CFO
NEW YORK (Reuters) – Charles Schwab Corp is searching for a new chief financial officer to replace Joe Martinetto, who will switch to a different role later this year, Chief Executive Officer Walt Bettinger said Thursday.
Exclusive: GM turns to banks to help deal with activist investor group
DETROIT/NEW YORK (Reuters) – General Motors Co has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the No. 1 U.S. automaker, the company told Reu…
GM confirms compact electric car to be made at Michigan plant
CHICAGO (Reuters) – General Motors Co said Thursday it will build a compact electric car at an assembly plant near Detroit, where it will invest $200 million for the project.
UK lawmakers to haul up HSBC, tax chiefs over Swiss bank allegations
LONDON (Reuters) – British lawmakers plan to call up the bosses of HSBC and the tax authority, HMRC, to quiz them over allegations some clients of HSBC’s Swiss private bank evaded tax.
U.S. retail sales data point to slower economic growth
WASHINGTON (Reuters) – U.S. consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note.
Ford to build new carbon fiber GT car in Ontario
TORONTO (Reuters) – Ford Motor Co will build its new GT carbon fiber supercar in Markham, Ontario, the company announced at the Canadian International Auto Show on Thursday.
Time Inc forecasts further declines in advertising revenue
(Reuters) – Time Inc , the largest magazine publisher in the United States, reported a lower-than-expected quarterly profit and warned sales would decline further this year as it grapples with falling circulation and advertising revenue.
