FedEx Corp. founder Fred Smith will step down as CEO in June
FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company that…
March 2022
Oil Drops On China Demand Worries, Ukraine Peace Talk Hopes
MELBOURNE (Reuters) – U.S. crude futures slid in early trade on Tuesday, extending losses from the previous session on the…
Boeing’s Defense Head To Retire, Global Services Head To Take Over
(Reuters) -Boeing Co said on Monday the head of its big defense division, Leanne Caret, will retire after nearly 35…
FedEx Names Raj Subramaniam As CEO, Replacing Founder Fred Smith
By Lisa Baertlein (Reuters) – FedEx Corp on Monday named its operating chief, Raj Subramaniam, as the new chief executive…
U.S. Insurer AIG’s Life And Retirement Unit Files For IPO
(Reuters) -The holding company of U.S. insurer American International Group Inc’s life and retirement business, SAFG Retirement Services Inc, filed…
Biden Budget Plan Seeks To Add Corporate Buyback Restrictions
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. corporate stock buybacks are being targeted in U.S. President Joe Biden’s 2023 budget…
Tesla Adds To Wave Of Megacap Stock Splits
By Noel Randewich (Reuters) – Tesla’s announcement on Monday that it will seek shareholder approval to increase its share count…
Barclays Faces $590 Million Hit, Scrutiny Over Sales Slip-up
By Iain Withers and Saqib Iqbal Ahmed LONDON/NEW YORK (Reuters) -British bank Barclays faces an estimated 450 million pound ($592…
Dollar Hits 6-year High Vs Yen As BOJ Moves Against Rising Bond Yields
By John McCrank NEW YORK (Reuters) -The dollar hit a six-year high versus the yen after the Bank of Japan…
U.S. Auto Sales Slump As Less Affluent Buyers Walk Away
By Kannaki Deka and Joseph White (Reuters) -U.S. new vehicle sales could fall to the lowest first-quarter volume in the…