Year: 2018

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BlackRock voted to replace Tesla’s Musk with independent board chair

August 31, 2018 admin Comments Off on BlackRock voted to replace Tesla’s Musk with independent board chair

Funds run by BlackRock Inc voted over Tesla Inc’s objections in favor of a shareholder proposal in June that would have required the electric carmaker to replace Elon Musk with an independent board chairman if the motion had not been defeated, a regulatory filing showed on Thursday. BlackRock-managed funds voted for a measure requiring the board chairman be an independent director, according to a BlackRock filing with the U.S. Securities and Exchange Commission. More than 86 million shares voted against the proposal at a shareholder meeting in June, while fewer than 17 million voted in favor, according to …read more […]

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Friends call John McCain hero, maverick at Arizona funeral

August 30, 2018 admin Comments Off on Friends call John McCain hero, maverick at Arizona funeral

PHOENIX (AP) — A former vice president, an NFL star and other friends remembered Sen. John McCain as a “true American hero” — and a terrible driver with a wicked sense of humor and love of a good battle — at a crowded church service Thursday for the maverick politician that ended to the tune of Frank Sinatra’s “My Way.” …read more […]

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Buffett says Berkshire buying own stock, more Apple

August 30, 2018 admin Comments Off on Buffett says Berkshire buying own stock, more Apple

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc (AAPL.O). Buffett also said investors are better off owning a basket of stocks than long-term bonds as a strong U.S. economy bolsters corporate profits, despite higher costs from tariffs. “I don’t know when to buy stocks, but I know whether to buy stocks,” Buffett, celebrating his 88th birthday, said on CNBC. …read more […]