Dimon clings to JPMorgan chairman title, after fight By David Henry TAMPA, Florida (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities – he hinted he might quit. And it worked. At the bank's annual meeting on [...]
Dimon keeps JPMorgan chairman title after bruising battle By David Henry TAMPA, Florida (Reuters) – Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman title by an even greater margin than last year. Dimon could not claim [...]
Vodafone keeps Verizon payout after European weakness By Kate Holton and Paul Sandle LONDON (Reuters) – Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe. The world's second largest mobile operator, at [...]
iGate sacks chief executive Murthy after sexual harassment claim (Reuters) – The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement. The U.S.-listed company, which has bulk of its employees in India, [...]
Stock futures little changed after records, acquisitions eyed NEW YORK (Reuters) – Stock index futures were little changed in light volume on Monday as investors search for catalysts after major equity indexes closed Friday for a fourth consecutive week of gains. * Acquisitions including Yahoo's $ 1.1 billion bid for Tumblr indicate that companies continue [...]
Kuwait replaces oil officials at KPC after .2 billion Dow payment KUWAIT (Reuters) – State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $ 2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture. Nizar Mohammad al-Asani replaced Farouk Zanki as [...]
A year after IPO, Facebook aims to be ad colossus NEW YORK (AP) — It was supposed to be our IPO, the people's public offering.
Bankers see M&A recovery after deals drop 7 percent so far in 2013 By Anjuli Davies LONDON (Reuters) – A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone [...]
After Google, Amazon to be grilled on UK tax presence By Tom Bergin LONDON (Reuters) – Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters. Amazon will follow search giant Google, which attended [...]
Hollande Thanks France’s Rich for Their Taxes After First Year – Bloomberg AFP Hollande Thanks France's Rich for Their Taxes After First YearBloombergWhile Hollande's original plan to tax earnings of more than 1 million euros ($ 1.29 million) at 75 percent was thrown out by a French court, he still plans such a levy on [...]