Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents released on Friday.
Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in 2018, according to regulatory filings.
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
Defense lawyers argue a senior executive of the Chinese tech giant Huawei should not be extradited to the U.S. because her actions would not be considered crimes under Canadian law. The extradition hearing for Huawei chief financial officer Meng Wanzhou is scheduled to begin Monday. Meng, the daughter of the company’s founder, faces charges of committing fraud to try and evade U.S. sanctions on Iran. …read more […]
Best Buy’s board is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer reports the Wall Street Journal. The allegations were sent to the board in an anonymous letter dated Dec. 7. …read more […]
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Remember the 1990s? It was a heady time for investors.
Stocks surged to unprecedented heights as excitement about the internet’s promise captured the world’s imagination. It was an era of “hot initial public offerings (IPOs)” featuring unprofitable companies like Pets.com.
These companies went public based on hype, hope and “new-era” metrics like eyeballs. And investors couldn’t get enough of them.
The dot-com bubble was truly a mania. It seemed like everyone in America was trading stocks and bragging about their winnings.
And a few key factors suggest we are a long way from those days…
Stock valuations: Today’s price-to-earnings (P/E) ratios are higher than average, …read more […]
U.S. consumer electronics retailer Best Buy Co said on Friday its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
The Wall Street Journal reported that the letter, dated Dec. 7, claimed Barry had a romantic relationship for years with former Best Buy Senior Vice President Karl Sanft. Best Buy said the audit committee of the board has retained outside counsel, Sidley Austin LLP, to conduct the review. …read more […]
(Bloomberg) — Boeing Co. has identified a new software flaw in the grounded 737 Max that will require additional work, possibly further delaying the plane’s return to service.The company alerted the U.S. Federal Aviation Administration and is notifying customers and its suppliers, it said in an emailed statement. Boeing’s best-selling jet was grounded on March 13 after two fatal crashes involving a flight-control system.The issue involves how software on the plane checks itself to ensure it’s receiving valid data, said a person familiar with the issue who wasn’t authorized to speak publicly about it. It occurs when the system is …read more […]
An Indiana man charged with negligent homicide in his young granddaughter’s fatal fall from a cruise ship’s open window in Puerto Rico leaned out of that window for several seconds before he lifted the child up to it and she fell, the cruise operator alleges in a court filing. Royal Caribbean Cruises’ Jan. 8 filing in U.S. District Court in Miami comes in response to a lawsuit t he parents of Chloe Wiegand filed in December, accusing the operator of negligence in her death by allowing an 11th floor window in the ship’s children’s play area to be open. …read more […]
Wall Street’s major indexes climbed to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Boeing shares slumped after the company reported that it found a new software issue in the 737 Max jet. The Final Round discusses the impact that these new software issues have on the company going into 2020 after its mechanical failures in 2019. …read more […]
Key world equity indexes scaled new highs on Friday as a surge in U.S. housing starts to levels last seen in 2006 powered stocks while the greenback rose to a one-week high against the euro on expectations of solid economic growth.
The fashion house announced a deal with Lucara Diamond Corp., which unearthed the 1,758-carat Sewelô diamond from a mine in Botswana last April. …read more […]
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