Wirecard’s dramatic fall from grace has thrust corporate governance and industry regulation in Germany firmly in the spotlight...
Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank check company, which may target so-called “Mature Unicorns.”...
A shareholder of L Brands, the parent company of Victoria’s Secret, is suing the company for records and alleging that its bra and lingerie brand has had a “toxic culture of sexual harassment, discrimination, and retaliation” for years...
Twitter on Tuesday appointed former Google chief financial officer Patrick Pichette as the company’s new chairman of the board...
Cruise, a majority-owned self-driving subsidiary of General Motors, has added prominent inventor and tech executive Regina E. Dugan to its board of directors, the company said Tuesday...
Successful activist investor Starboard is part of a turnaround situation where a great deal of value can often be created — when a founder-CEO is replaced with a public company CEO with more discipline and shareholder focus...
The Plano, Texas-based retailer is planning on filing for bankruptcy in Corpus Christi, Texas, the people said. It has been negotiating with its first lien lenders a $450 million loan to finance the bankruptcy, which would require the troubled retailer to hit certain goals to receive the second half of it, CNBC previously reported...
Bill Ackman has found another typical investment for him: a high quality business with predictable cash flows, durable growth and a catalyst in the coronavirus to separate it from other stocks...
Macy's is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter. The country's largest department store is looking at raising as much as $5 billion in debt, the people said...
WeWork is claiming that SoftBank breached its obligations under their agreement...
Lululemon announced Thursday that it will pay all its workers through June 1, whether or not its stores reopen before then, amid the coronavirus pandemic...
Xerox has dropped its bid to merge with HP, citing the current global health crisis related to the COVID-19 coronavirus, Xerox said. The news was previously reported by the Wall Street Journal...
Former U.N. ambassador Nikki Haley stepped down from Boeing's board, saying she opposed government aid for the company as it battles coronavirus...
Gap Inc. has tapped its Old Navy chief Sonia Syngal to be CEO, effective March 23, the company announced Thursday afternoon...
As the sustainable investing movement gains traction investors have increasingly shied away from traditional energy stocks. But ValueAct Capital’s Jeffrey Ubben believes that oil and gas companies that are working to clean up their operations can belong in portfolios focused on sustainable companies...
The Milwaukee company announced Friday that CEO Matthew Levatich will leave his post and seat on the Harley's board of directors...
Salesforce stock initially sank 3% in extended trading on Tuesday after the company said co-CEO Keith Block is stepping down. Marc Benioff, the other co-CEO, becomes sole CEO. The company also announced fiscal fourth-quarter results that beat expectations, along with an acquisition...
At Berkshire Hathaway, chairman Warren Buffett and his right-hand man Charlie Munger search for specific traits when hiring the company’s board of directors and managers...
For Sycamore, a deal to buy Victoria's Secret would be a bet on a dominant player in the large intimate apparel industry. Still, the Victoria's Secret brand has had a tumultuous number of years...
Directors of Tesla settled a shareholder lawsuit over the company's 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents...
Elon Musk would earn the first tranche of at least $346 million in Tesla shares if its market capitalization stays at $100 billion...
As the world battles climate change, homelessness and income inequality, CEOs are still bound by investors and profits...
Apple's executives got smaller bonuses in 2019 because the company didn't exceed its goals for sales and net income as much as it did in 2018...