TOKYO (Reuters) – Influential proxy advisory firm Institutional Shareholder Services (ISS) has advised against Toshiba Corp’s break-up plan to be put to a vote on March 24, the Nikkei business daily reported on Thursday. The Japanese conglomerate is aiming to break up into two companies and is due to hold an extraordinary shareholders’ meeting to…
Twitter has launched a privacy-protected version of its site to bypass surveillance and censorship after Russia restricted access to its service in the country. Russia has blocked access to Facebook and has limited Twitter in an attempt to try to restrict the flow of information about its war in Ukraine. Both companies have said they…
(Reuters) – United Airlines Holdings Inc will allow workers who have not been vaccinated against COVID-19 for religious or medical reasons to return at the end of this month, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The move permits staffers with exemptions from the carrier’s vaccination requirement for its…
(Reuters) – Brazilian cosmetics maker Natura & Co reported on Wednesday a 292% increase in fourth-quarter net income, pushed by structural changes and faster-than-expected synergy capture with Avon. The company reported a 695.4 million reais ($138.74 million)net profit, beating a Refinitiv forecast of 161 million reais. The company, which owns brands like Avon, The Body…
By Kanishka Singh (Reuters) -The United Arab Emirates is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism, its energy minister said on Wednesday, hours after the Arab country’s ambassador to Washington said it favors an output increase. “The UAE believes in the value OPEC+ brings to the oil market,” UAE energy…
(Reuters) -Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock and authorized a $10 billion buyback plan, sending the company’s shares up 7% in extended trading. This is the first stock split by Amazon since 1999 and will give investors 19 additional shares for every share they…
(Reuters) – Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock, as well as authorized the repurchase of up to $10 billion of its stock. Shares of Amazon rose 8% in extended trading. Trading is expected to begin on a split-adjusted basis on June 6, the company…
NEW YORK (AP) — A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17,…
(In paragraphs 4 and 17, corrects name of analyst to Yawger, not Yawner) By Shariq Khan BENGALURU (Reuters) -Global oil prices on Wednesday posted their biggest plunge since the early pandemic days nearly two years ago, after the United Arab Emirates said the OPEC member would support increasing output into a market in disarray because…
By Ernest Scheyder HOUSTON (Reuters) -Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and elsewhere, a top executive at the mining giant said on Wednesday. The Anglo-Australian company is developing Mongolia’s Oyu Tolgoi, one of the world’s largest…
