Month: October 2018

Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman.

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The three main indexes fell on Wednesday, a day after their strongest rally in seven months, as IBM snapped a run of strong earnings from blue-chip companies and disappointing housing data dragged down shares of Home Depot and homebuilders.

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Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company’s former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC’s plans to oust the embattled soupmaker’s entire board.

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The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress.

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The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with their catalytic converters that was causing some vehicles to exceed nitrogen oxide emission limits.

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Banks, including underwriters of SoftBank Group’s initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.

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A gauge of stocks across the world edged lower on Wednesday following its largest daily run-up in over two years, as the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM.

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Tesla Inc’s vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported https://www.businessinsider.com/teslas-vp-of-manufacturing-gilbert-passin-is-out-source-2018-10 on Wednesday, citing a source familiar with the situation.

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Gulfstream Aerospace expects growth in both sales opportunities and deliveries next year, as the U.S. business jet maker brings two new large-cabin corporate planes to market, company President Mark Burns said on Wednesday.

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A hard Brexit could ground UK flights for up to three weeks but would be survivable for Ryanair , the Irish budget airline’s CEO Michael O’Leary said ahead of a meeting of European Union leaders in Brussels on Wednesday.

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U.S. stocks fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.

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U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down “irresponsible” proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday.

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U.S. stocks opened slightly lower on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.

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Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.

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Danske Bank , reeling from a money laundering scandal, will resume its search for a new chief executive after a Danish regulator rejected its internal candidate for the job, and analysts said it would be forced to look outside the bank.

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