By Hyunjoo Jin and Tom Hals (Reuters) -After a Delaware court threw out Elon Musk’s $56 billion pay package on Tuesday, the Tesla chief executive and a board seen as captive to him must find a w[...]
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January 31, 2024
Walmart to open more than 150 stores in US
(Reuters) – Walmart said on Wednesday it was planning to open more than 150 stores over the next five years, as it invests heavily in its operations to stay competitive in a fast-changing retail[...]
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Peltz’s Trian wants Disney shareholders to reject two board directors at AGM
(Reuters) – Nelson Peltz’s Trian Fund Management has urged Walt Disney shareholders not to re-elect two board directors at the media conglomerate’s annual general meeting, according[...]
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New H&M CEO Daniel Ervér ‘concerned’ about Red Sea disruptions
LONDON (Reuters) – H&M’s new CEO on Wednesday said Red Sea disruptions to shipping are a concern for the fashion retailer, but that higher transport rates are not yet hitting profit. S[...]
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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers
By Helen Reid and Marie Mannes LONDON (Reuters) – The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices an[...]
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H&M CEO quits as fashion group fails to keep up with rivals
By Marie Mannes and Helen Reid STOCKHOLM (Reuters) -H&M unexpectedly announced a change of leadership on Wednesday, with company veteran Daniel Ervér taking over as CEO from Helena Helmersson as t[...]
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Tech CEOs told ‘you have blood on your hands’ at US Senate child safety hearing
By David Shepardson and Makini Brice WASHINGTON (Reuters) -U.S. senators on Wednesday grilled leaders of the biggest social media companies and said Congress must quickly pass legislation, as one lawm[...]
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Stocks, yields slide as Fed signals no rate cut soon
By Herbert Lash NEW YORK (Reuters) -Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would[...]
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US FAA says Boeing 737 audit will review Spirit fuselage production
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Wednesday that its previously announced audit of Boeing 737 MAX manufacturing will look at all elements of product[...]
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