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    1. "We're F---ed': Barclays Insider Worried His Allegedly Sketchy Deal With Qatar Would Cost the Bank Seats on the Board

      "We're F---ed': Barclays Insider Worried His Allegedly Sketchy Deal With Qatar Would Cost the Bank Seats on the Board
      • A Barclays executive said that a complex deal with Qatar designed to rescue the bank during the 2008 financial crisis was "a nightmare," in conversations repeated at trial in London.
      • When former bank executives realised that Qatari investors could end up with a higher shareholding than previously expected, plus seats on the board, one banker said: "we're fucked."...
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    2. Women CEOs are More Likely to be Dismissed, Even When The Company is Doing Well

      Women CEOs are More Likely to be Dismissed, Even When The Company is Doing Well
      • Women CEOs are 45% more likely to be dismissed than men CEOs, a new study finds.
      • Even when a firm is performing well, women are more likely to be dismissed from the CEO position.
      • The researchers think that may be the result of implicit gender bias.

      Women who sit at the top of the corporate hierarchy have, presumably, shattered a piece of the proverbial glass ceiling.

      But research suggests that even women CEOs may still face obstacles to success...

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    3. Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy

      Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy
      • Activist investor Edward Bramson has yet to lay out a vision for how he wants British lender Barclays to alter its strategy, despite taking a major stake and publicly agitating for change, according to the bank's CEO, Jes Staley.
      • Bramson, whose hedge fund Sherborne Investors owns a 5% stake in the bank, is agitating for change, but according to Staley, has not set out a vision for doing so...
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    4. The CTO of One of the Biggest Consulting Firms Says CEOs and directors are beating a Path to his Door to Get Up-To-Speed on the Latest Tech Trends

      The CTO of One of the Biggest Consulting Firms Says CEOs and directors are beating a Path to his Door to Get Up-To-Speed on the Latest Tech Trends

      The CTO of one of the biggest consulting firms says CEOs and directors are beating a path to his door to get up-to-speed on the latest tech trends Troy Wolverton 0m Bill Briggs and his technology team at Deloitte are meeting much more frequently these days with CEOs and corporate directors. Deloitte Deloitte's technology consultants used to meet primarily with clients' chief technology and chief information officers...

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    5. The World's CEOs are Getting Increasingly Nervous About the State of the Global Economy, a Major New Survey Shows

      The World's CEOs are Getting Increasingly Nervous About the State of the Global Economy, a Major New Survey Shows
      • Global CEOs have become increasingly pessimistic about global economic growth in the past year and expect their businesses to suffer in the short to medium term as a result.
      • CEOs have traditionally seen the US as the most attractive place to invest, but it is close to losing that crown, with China and India rising rapidly in the rankings...
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    6. MoviePass Executives are Making One More Last-Ditch Effort to Save the Stock From Being Delisted

      MoviePass Executives are Making One More Last-Ditch Effort to Save the Stock From Being Delisted
      • MoviePass parent Helios and Matheson on Friday said it would seek — again — to get shareholder authorization to reverse split its stock.
      • The company is in imminent danger of having its stock delisted from the Nasdaq; the market is hearing the company's appeal of its delisting decision later this month.
      • The proposal is basically the same one that the company withdrew in November in the face of widespread investor opposition...
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    7. PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'

      PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'
      • PG&E said Monday it intends to file bankruptcy petitions under Chapter 11, in order to protect the best interests of all stakeholders.
      • Hedge fund BlueMountain Capital Management, one of its biggest shareholders, challenged its plan to seek bankruptcy protection, saying it's "damaging, avoidable, and unnecessary."
      • PG&E has seen its value plunge by 85% after last November's deadly California wildfire...
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    8. Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction

      Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction
      • Sears chairman Eddie Lampert has reportedly won a bankruptcy auction to keep the 126-year-old retailer from liquidating.
      • Lampert's bid will keep about 400 stores open and retain 50,000 jobs.
      • "While there is no doubt that a shrunken Sears will be more viable than the larger entity which struggled to turn a profit, we remain extremely pessimistic about the chain's future," said Neil Saunders, CEO of GlobalData Retail...
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    9. A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started

      A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started
      • Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO.
      • The Spanish banking giant said that the level of compensation that was required to hire Orcel was "unacceptable."
      • The sticking point in bringing Orcel to Santander was years of compensation that had previously been deferred by UBS, which, owing to his departure, the Swiss bank was reluctant to pay...
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    10. Ousted Nissan Chairman Carlos Ghosn's Legal Problems are Getting Worse as Tokyo Prosecutors hit him with 2 New Financial Misconduct Charges

      Ousted Nissan Chairman Carlos Ghosn's Legal Problems are Getting Worse as Tokyo Prosecutors hit him with 2 New Financial Misconduct Charges
      • Tokyo prosecutors indicted former Nissan Chairman Carlos Ghosn on two new charges of financial misconduct on Friday.
      • Ghosn was charged with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, and for understating his compensation for three years, from 2015 to 2017, according to his lawyer, Motonari Otsuru.
      • Otsuru said his team was applying for bail to release Ghosn, who has been detained since his Nov. 19 arrest...
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    11. Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate

      Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate
      • Sears Chairman Eddie Lampert on Wednesday boosted his takeover bid to $5 billion, up from $4.4 billion.
      • Lampert's new proposal will be assessed against competing parties' bids at an auction scheduled for Monday.
      • Lampert's offer is the only one that would avoid a liquidation.

      Sears Chairman Eddie Lampert has sweetened his bid for the company's assets in a final attempt to avoid a liquidation...

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    12. Jeff Bezos' Divorce Could Soon Make MacKenzie Bezos one of Amazon's Biggest Shareholders

      Jeff Bezos' Divorce Could Soon Make MacKenzie Bezos one of Amazon's Biggest Shareholders
      • Amazon could soon have a large new individual shareholder in the form of MacKenzie Bezos as a result of her impending divorce from the company's CEO.
      • Jeff Bezos owns 16% of the e-commerce giant, and MacKenzie could be entitled to up to half of those shares, which would giver her, with Jeff, one of the two largest stakes in the company.
      • Although the Bezoses are worth $137 billion on paper, nearly all of their assets are in the form of Amazon stock...
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      Mentions: Amazon Vanguard stake
    13. Pier 1 is a 'Dumpster Fire' and it's Fighting for its Survival

      Pier 1 is a 'Dumpster Fire' and it's Fighting for its Survival
      • Pier 1's market value has been almost completely wiped out over the past five and a half years, falling 97% since 2013.
      • Analysts say the outlook is discouraging. Of the few surveyed by Bloomberg who cover the name, none rate the stock a "buy," two carry a "sell" rating, and four say "hold."
      • Analysts say a combination of overwhelming store environments, offerings that don't reflect the latest trends, and expensive sourcing and supply chain costs have brought the retailer to its knees...
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      Mentions: Amazon crisis UBS
    14. PG&E is Tanking After S&P Downgrades it to Junk

      PG&E is Tanking After S&P Downgrades it to Junk
      • PG&E's credit rating was cut to junk at S&P Global Ratings, sending shares down more than 10% early Tuesday.
      • The downgrade came as bad news has piled up for PG&E amid its potential liabilities from last year's California wildfires, the credit-rating agency said.
      • On Friday, the utility announced that its board of directors would review the company's management. Meanwhile, a report said PG&E was considering filing for bankruptcy protection...
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    15. Tensions are Flaring Between Barclays and a Corporate Raider, Who's Agitating to Grab More Control of the British Bank

      Tensions are Flaring Between Barclays and a Corporate Raider, Who's Agitating to Grab More Control of the British Bank
      • Corporate raider Edward Bramson is agitating for more control of Barclays and is maneuvering to change the composition of the company's board of directors.
      • The latest gambit by Bramson comes after Barclays rebuffed his effort to become a non-executive director.
      • Bramson's hedge fund Sherborne Investors holds a more than 5% in Barclays and has been lobbying for cuts to its investment bank...
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    16. Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand

      Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand
      • A New York law firm is garnering support for a shareholder lawsuit against Apple.
      • That's after the company issued a shock revenue warning on Wednesday.
      • Bernstein Liebhard said Apple CEO Tim Cook can't reconcile his November optimism about iPhone sales in China with Wednesday's warning, where he blamed China's slowing economy for poorer-than-expected sales.
      • Apple has been ignoring the bigger reality about smartphones, which is that demand is slowing and they have become commoditised...
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    17. Apple's Surprise Warning to Shareholders Marks the First Time the Company has Had to do this in 16 Years

      Apple's Surprise Warning to Shareholders Marks the First Time the Company has Had to do this in 16 Years
      • Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated.
      • CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday.
      • The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone...
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    18. Bristol-Myers Squibb is Buying Celgene in a $74 Billion Deal

      Bristol-Myers Squibb is Buying Celgene in a $74 Billion Deal
      • Bristol-Myers Squibb has agreed to acquire Celgene, the drugmakers announced Thursday in a deal valued at $74 billion.
      • The deal will pay Celgene shareholders one BMS share and $50 cash for each Celgene share they own.
      • The deal combines a massive pharmaceutical company with a biotech giant, both of which have a big presence in cancer drug development...
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    19. Sears Has 24 Hours to be Saved

      Sears Has 24 Hours to be Saved
      • The deadline to submit bids for Sears' business is 28 December.
      • Chairman Edward Lampert and his hedge fund ESL Investments outlined a plan earlier this month to buy up the rest of Sears for up to $4.6 billion in cash and stock. However, sources told CNBC that as of Thursday afternoon Lampert had not submitted his bid or rounded up financing.
      • These sources also told CNBC that ESL is currently the only party offering to buy Sears as a whole...
      Read Full Article
    20. Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto Nissan

      Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto Nissan
      • Carlos Ghosn's fall from grace has been dramatic and new allegations means he will likely spend Christmas behind bars.
      • The auto executive has spent a month in jail following his initial arrest in Tokyo and is now suspected of passing personal losses onto Nissan.
      • Ghosn was rearrested on Friday diminishing his chances of making bail as prosecutors make new allegations...
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    21. Cigna is Closing its $67 Billion Deal with Express Scripts, Creating a New Healthcare Giant

      Cigna is Closing its $67 Billion Deal with Express Scripts, Creating a New Healthcare Giant
      • Cigna is set to officially close its deal to acquire pharmacy benefits manager Express Scripts.
      • The deal was announced in March but took some time clearing regulatory hurdles from state insurance agencies as well as the Department of Justice.
      • The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans.

      Cigna is about to close on its deal to acquire healthcare giant Express Scripts...

      Read Full Article
    22. Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global Healthcare

      Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global Healthcare
      • British pharmaceuticals giant GlaxoSmithKline will combine its consumer health business into a joint venture with US rival Pfizer to create a medical superpower.
      • The deal could forge the largest provider of medicinal products sold directly to the public in the world.
      • The move means that GSK will split into two businesses going forward.

      Two of the world's largest pharmaceuticals companies are set to merge in a joint venture which could have combined sales of nearly $10 billion...

      Read Full Article
    23. MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges

      MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges
      • Helios and Matheson, the parent company of MoviePass, reached an agreement with its creditors Tuesday to reduce its outstanding debt.
      • The move also will eliminate all of its outstanding convertible notes and replace them with non-convertible notes.
      • By eliminating its convertible notes, the company freed itself up to sell potentially billions of new shares of stock.
      • But the move comes on the same day that the Nasdaq could delist Helios and Matheson's stock...
      Read Full Article
      Mentions: Nasdaq MoviePass
    73-96 of 1331 « 1 2 3 4 5 6 7 ... 54 55 56 »
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