A top official at the U.S. Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid “misconception” received from the SEC’s public consultation process over new limits to vote on thorny issues like climate change disclosure and executive pay.
Amgen Inc on Thursday forecast 2020 earnings well short of Wall Street estimates, sending shares of the largest U.S. biotechnology company down 2.5%.
Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt.
International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company’s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.
Visa Inc on Thursday fell short of analysts’ estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.
Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.
A pilots union filed a lawsuit on Thursday seeking to immediately halt American Airlines U.S.-China service, as cabin crews worldwide voiced unease about exposure to the rapidly-spreading coronavirus which has killed more than 170 people in China.
Tellurian Inc on Thursday said Cheniere Energy Inc has dismissed all claims against its Chairman Charif Souki and Vice Chairman Martin Houston.
Retail giant joins trillion-dollar market cap club as earnings smash estimates Continue reading… …read more […]
Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years.
IBM CEO Ginni Rometty announced Thursday that will resign from her role, and be replaced by the company’s current Senior Vice President for Cloud and Cognitive Software, Arvind Krishna. The Final Round panel discusses the latest. …read more […]
Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment for revenue growth.
(Bloomberg) — International Business Machines Corp. named Arvind Krishna as chief executive officer, replacing longtime CEO Virginia Rometty.Krishna is currently the head of IBM’s cloud and cognitive software unit and was a principal architect of the company’s purchase of Red Hat, which was completed last year. Rometty, 62, will continue as executive chairman and serve through the end of the year, when she will retire after almost 40 years with the company, IBM said in a statement Thursday. The shares rose about 5% in extended trading.Since becoming IBM’s first female CEO in 2012, Rometty had bet the company’s future on …read more […]
Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3%.
Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo.
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