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(Reuters) - Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment.
FRANKFURT (Reuters) - Germany' Daimler is in a push to boost production capacity as its Mercedes-Benz Cars unit eyes annual sales of 3 million vehicles, up from 2.4 million last year, an executive told weekly publication Automobilwoche.
(Reuters) - Qualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company's board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm.
March 16 (Reuters) - Qualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company's board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm.
SEATTLE (Reuters) - Boeing Co has scrambled to reorganize testing of its new 777X to avoid being delayed by engine snags, while robots and mechanics are starting work on the fuselage, the executive who heads efforts to build the world's largest twin-engined jet said in an interview.
SAN FRANCISCO (Reuters) - A senior executive said Microsoft Corp thoroughly investigates issues raised by women in the workplace and fired about 20 employees last year over complaints of sexual harassment as the company seeks to counter claims that it treats female workers unfairly.
(Reuters) - Qualcomm Inc's board of directors was meeting on Friday to discuss former executive chairman Paul Jacobs stepping down after he told the U.S. semiconductor company he was exploring acquiring it, people familiar with the matter said on Friday.
BOSTON (Reuters) - Walt Disney Co Chairman and Chief Executive Robert Iger stands to earn up to $423 million over four years, according to a new analysis of a compensation package rejected by shareholders, and some investors want to raise the bar on his performance targets.
LONDON (Reuters) - An outgoing advertising executive ranked his female colleagues by attractiveness in an email sent to his entire office, in the latest episode of sexist behavior to rock a British workplace.
BOSTON (Reuters) - State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said,...
DETROIT (Reuters) - Wells Fargo & Co Chief Executive Tim Sloan on Thursday defended a 35 percent gain in his latest compensation package, while describing comments last year by Democratic U.S. Senator Elizabeth Warren, who had called for his ouster, as "inappropriate."
SAO PAULO (Reuters) - Nestle SA's chairman gave a vote of confidence to Chief Executive Mark Schneider 14 months into his tenure at the helm of the world's biggest packaged food company as it struggles to recover from a sixth straight year of slowing growth.
(Reuters) - Walmart Inc was sued on Thursday by a former executive who accused the world's largest retailer of issuing misleading e-commerce results, amid growing pressure from Amazon.com Inc , and firing him for complaining about it.
March 15 (Reuters) - Walmart Inc was sued on Thursday by a former executive who accused the world's largest retailer of issuing misleading e-commerce results, amid growing pressure from Amazon.com Inc, and firing him for complaining about it.
DEARBORN, Mich. (Reuters) - Ford Motor Co executives on Thursday disclosed ambitious plans to shift the struggling automaker's product portfolio from passenger cars to SUVs, add more hybrid and pure electric vehicles, and reduce development and manufacturing costs - moves aimed at boosting Ford's profit and share price.
TOKYO, March 15 (Reuters) - Japan's Osaka Gas has so far not bought liquefied natural gas (LNG) cargoes to replace supplies from the shutdown of ExxonMobil Corp's Papua New Guinea project following a powerful earthquake in the country's remote highlands last month, its top executive said on Thursday.
BRUSSELS (Reuters) - The European Ombudsman called on the EU executive on Thursday to review whether its former president, Jose Manuel Barroso, ought to be working for Goldman Sachs after complaints that he was harming the EU's image.
(Reuters) - Wells Fargo & Co Chief Executive Officer Tim Sloan's total compensation for 2017 was $17.6 million, about 35 percent higher than the previous year, the third largest U.S. bank said in a regulatory filing http://bit.ly/2pcD4QI on Wednesday.
NEW YORK (Reuters) - Comcast Corp's NBC News plans to launch an online streaming service this year as part of its effort to reach younger viewers who prefer to watch their favorite shows online, executives said on Wednesday.
WASHINGTON (Reuters) - Theranos Inc and its Chief Executive Elizabeth Holmes have agreed to settle "massive fraud" charges in a deal that strips her of majority control over the embattled blood-testing company, among other penalties, U.S. regulators said on Wednesday.
WASHINGTON (Reuters) - The U.S. government has filed criminal and civil charges against a former Equifax Inc executive over alleged insider trading linked to last year's massive data breach at the credit reporting company, officials said on Wednesday.
MEXICO CITY (Reuters) - America Movil, Mexico's largest telecommunications firm, will roll out a faster 4.5G network in 76 cities across the country by the end of 2018, the company's chief executive Daniel Hajj said on Wednesday.
BERLIN (Reuters) - German airline group Lufthansa has extended the contract of its Chief Executive Carsten Spohr for a further five years, with the manager set to report another record year in terms of financial results later this week.
SAN FRANCISCO (Reuters) - YouTube will begin displaying text from Wikipedia articles and other websites alongside some videos in a couple of weeks as the unit of Alphabet Inc's Google attempts to combat hoaxes and conspiracy theories on the service, its chief executive said on Tuesday.
WASHINGTON (Reuters) - General Motors chairman and chief executive Mary Barra met on Tuesday with U.S. regulatory chiefs, weeks before the Trump administration plans to decide whether to revise landmark fuel efficiency standards through 2025.
NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely...
WASHINGTON (Reuters) - Executives from Honda Motor Co , Ford Motor Co and Key Safety Systems will testify at a March 20 hearing on the ongoing massive Takata Corp air bag inflator recalls of more than 60 million vehicles, committee aides briefed on the matter said Tuesday.
(Reuters) - Vice Media LLC on Tuesday named Nancy Dubuc as chief executive officer, succeeding co-founder Shane Smith, three months after the millennial-focused media firm apologized for allowing a "boy's club" atmosphere to flourish at the company.
SEATTLE, March 13 (Reuters) - Boeing Co is studying its options for further increases in production of its medium-haul 737 jet, Boeing Commercial Airplanes Chief Executive Kevin McAllister said on Tuesday.
NEW YORK (Reuters) - A former aide to New York Governor Andrew Cuomo was found guilty by a Manhattan jury on Tuesday of agreeing to take bribes from executives at two companies seeking to do business with the state government, federal prosecutors said.
(Reuters) - Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker's $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday.
LONDON, March 13 (Reuters) - The chief executive of U.S. firm Dana Incorporated is in London meeting top GKN shareholders in a drive to persuade the British engineer's investors to back a deal with Dana and reject a hostile bid by Melrose Industries.
(Reuters) - Health insurer UnitedHealth Group Inc on Tuesday named its board member and former GlaxoSmithKline Plc head Andrew Witty as chief executive of its pharmacy benefit unit, Optum, effective July 1.
(Reuters) - Broadcom Ltd, led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds.
ZURICH (Reuters) - Swiss drugmaker Roche will be able to compensate or overcompensate for falling revenue from patent-expired drugs facing competition from rivals' copies through its new medicines, Chief Executive Severin Schwan said on Tuesday.
NEW YORK (Reuters) - General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday.
SAO PAULO, March 12 (Reuters) - Latin America's largest independent investment bank Banco BTG Pactual SA is preparing for the gradual return of its founder and former chief executive André Esteves when courts drop charges against him, a senior executive told Reuters.
(Reuters) - Goldman Sachs Group Inc unexpectedly announced on Monday that Harvey Schwartz will retire from the bank, leaving David Solomon as sole president and chief operating officer and the most obvious successor to Chief Executive Lloyd Blankfein.
(Reuters) - U.S. chemicals producer DowDuPont Inc's executive chairman Andrew Liveris will step down on April 1 and its co-lead director Jeff Fettig will assume Liveris's role at the company, the Wall Street Journal reported on Monday.
(Reuters) - Chris Liddell, a former executive at Microsoft Corp and General Motors Co, is under consideration to become U.S. President Donald Trump's top economic adviser, a White House official said on Sunday, confirming media reports.
MUMBAI, March 11 (Reuters) - Amazon.com Inc's video service will look to add more regional content in India, two company executives said, as it competes with a host of global and local players for a bigger share of a fledgling online streaming market.
BRASILIA, March 10 (Reuters) - Executives of major food processor BRF SA who were released by police on Friday will not be able to return to their posts at the company, the world's largest poultry exporter, Brazil's public prosecutor's office said on Saturday.
BEIJING (Reuters) - Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group Co Ltd said.
BEIJING, March 10 (Reuters) - Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group Co Ltd said.
LONDON, March 10 (Reuters) - Reckitt Benckiser has no regrets about its $17 billion acquisition of Mead Johnson last year, its chief executive said, even though there are concerns it may now be too stretched to buy Pfizer's coveted consumer health business.
A newly obtained email from President Donald Trump's personal attorney to the lawyer for the porn star who is suing Trump includes Michael Cohen's autosignature with his full title: executive vice president and special counsel to Donald J. Trump. The email also refers to Cohen's office being closed.
NEW YORK (Reuters) - Best Buy Co Inc has completed a five-year turnaround and is ready to compete with market leader Amazon.com Inc to prove U.S. retail is not a "winner takes all" situation, Chief Executive Hubert Joly told Reuters on Friday.
NEW YORK (Reuters) - Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, was sentenced to 7 years and a $75,000 fine on Friday.
NEW YORK, March 9 (Reuters) - The sentencing hearing for Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, began on Friday with a plea for leniency from his lawyer.
(Reuters) - Lloyd Blankfein is preparing to step down as Goldman Sachs Group Inc's chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, citing people familiar with the matter.
NEW YORK (Reuters) - The sentencing hearing for Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, began on Friday with a plea for leniency from his lawyer.
NEW YORK (Reuters) - Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, is scheduled to be sentenced on Friday.
YOKKAICHI, Japan (Reuters) - Toshiba Corp expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China.
WASHINGTON/SHANGHAI (Reuters) - Tesla Inc Chief Executive Elon Musk took to Twitter on Thursday to call on U.S. President Donald Trump to challenge China's auto trade rules, which limit foreign ownership of Chinese ventures and impose steep tariffs on imported cars.
March 8 (Reuters) - Walt Disney Co shareholders rejected an executive compensation plan that could reward Chief Executive Officer Bob Iger with up to $48.5 million a year over four years plus an equity grant worth about $100 million, in a non-binding vote on Thursday.
(Reuters) - Proxy advisory firm Institutional Shareholder Services on Thursday recommended Tesla Inc stockholders reject a multi-billion-dollar, 10-year pay package for Chief Executive Elon Musk, saying the "unprecedented" award was too rich.
(Reuters) - Proxy advisory firm Institutional Shareholder Services said on Thursday Tesla Inc shareholders should vote against a proposal for a $2.6 billion performance-based stock option grant for Chief Executive Officer Elon Musk.
HOUSTON/NEW YORK (Reuters) - Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at slashing the use of dirty high-sulfur fuel oil in global shipping.
WASHINGTON (Reuters) - After criticizing video games in the wake of a school shooting in Florida last month, U.S. President Donald Trump will meet with industry executives on Thursday to discuss what the president believes is a link between the games and violent acts.
LONDON (Reuters) - The European Union's executive has proposed a draft law to offer crowdfunding platforms bloc-wide access to customers as part of efforts to boost growth in the financial technology sector.
BRASILIA (Reuters) - U.S. companies eager to tap into the fast-growing market for low-cost satellite launches could become the first customers when Brazil's Alcantara space center near the equator opens as a commercial spaceport, executives and Brazilian officials said.
March 7 (Reuters) - Spanish language broadcaster Univision Communications Inc is considering replacing Chief Executive Officer Randy Falco, and undertake a business review that could lead to cost cuts, the Wall Street Journal reported on Wednesday, citing sources.
March 7 (Reuters) - Pipeline operator Energy Transfer Partners is considering a partial shift to a C-corp from a master limited partnership, its chief executive said on Wednesday, a move that rivals have made to simplify their corporate structures.
WASHINGTON (Reuters) - General Motors Co Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand.
WASHINGTON (Reuters) - General Motors Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand.
LONDON (Reuters) - Virgin Atlantic's chief executive said he was confident a deal would be done to secure Britain's flying rights after Brexit, as the airline launched an extra legroom economy seat to try to stand out from the crowd amid intense competition.
MUMBAI (Reuters) - The chief executive of India's Punjab National Bank (PNB) met officials of the serious fraud office on Wednesday, as authorities widened a probe into a $2 billion fraud that has been billed as the country's biggest banking scam.
HOUSTON (Reuters) - Exxon Mobil Corp's $200 million write-down last month on abandoned ventures in Russia - once its next big frontier - points to challenges facing Chief Executive Darren Woods in his second year leading the world's largest publicly traded oil producer.
NEW YORK (Reuters) - U.S. prosecutors on Tuesday said former drug company executive Martin Shkreli should spend at least 15 years in prison after being convicted of fraud, saying his lack of remorse and respect for the law justified a long time behind bars.
MILAN (Reuters) - Yoox Net-A-Porter (YNAP) is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group's chief executive said on Tuesday.
HOUSTON (Reuters) - The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, Saudi Aramco Chief Executive Officer Amin Nasser said on Tuesday.
HOUSTON, March 6 (Reuters) - The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, Saudi Aramco Chief Executive Officer Amin Nasser said on Tuesday.
MILAN (Reuters) - Core profit margins at Yoox Net-A-Porter (YNAP) will rise by 30-70 basis points in 2018 and growth at the luxury online retailer will be boosted by mobile sales and those in the Middle East, the group's chief executive said on Tuesday.
COPENHAGEN (Reuters) - Lego's sales fell last year for the first time since 2004 as the Danish toymaker struggled with tough retail markets in Europe and North America, highlighting the challenges facing the new chief executive.
GENEVA (Reuters) - Daimler Chief Executive Dieter Zetsche on Monday welcomed Geely [GEELY.UL] Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC agrees.
(Reuters) - Facebook Inc hired the former head of BuzzFeed Studios to lead its global video content and a former Pinterest executive as in charge of its video content platform Facebook Watch, they said in separate social media posts on Monday.
March 5 (Reuters) - Facebook Inc hired the former head of BuzzFeed Studios to lead its global video content and a former Pinterest executive as in charge of its video content platform Facebook Watch, they said in separate social media posts on Monday.