By Shashwat Awasthi and Harish Sridharan (Reuters) -Australia’s biggest power producer AGL Energy Ltd on Monday rejected a surprise $3.54 billion takeover approach from billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management in favour of a plan to split in two this year. AGL said the A$7.50 apiece proposal from the Canadian group and Cannon-Brookes,…
TOKYO (Reuters) – Japan’s manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on the world’s third-largest economy. Activity in the services sector shrank at the fastest rate since May 2020 as demand weakened after the country saw…
STORY_NUMBER: L1N2UF04D STORY_DATE: 20/02/2022 STORY_TIME: 2300 GMT (Editor Neil Fullick)
CHICAGO (AP) — An activist investor is trying to make McDonald’s change the way it buys pork for its bacon cheeseburgers and sausage patties. Investor Carl Icahn has nominated two new candidates for McDonald’s board of directors, the fast food chain confirmed Sunday. The issue Icahn wants to change is that some of McDonald’s pork…
(Reuters) -McDonald’s Corp on Sunday said Carl Icahn has nominated two members to its board of directors in an escalating fight over the treatment of pigs by the burger chain’s suppliers. The billionaire activist investor, who stated that he holds 200 shares in the company, nominated Leslie Samuelrich and Maisie Ganzler to stand for election…
(Reuters) -McDonald’s Corp on Sunday said Carl Icahn has nominated two members to the board of the burger chain. The billionaire activist investor, who stated that he holds 200 shares in the company, nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting, the company said in a statement, adding…
(Reuters) – McDonald’s Corp said on Sunday Carl Icahn has nominated two members to the board of the burger chain. The activist investor nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting, the company said in a statement. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Lisa Shumaker)
BERLIN (AP) — A German newspaper and other media on Sunday said a leak of data from Credit Suisse, Switzerland’s second-biggest bank, reveals details of the accounts of more than 30,000 clients — some of them unsavory — and points to possible failures of due diligence in checks on many customers. Credit Suisse said in…
VIENNA (Reuters) – Credit Suisse said on Sunday it “strongly rejects” allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held there in previous decades. One person leaked the information on the accounts ranging from the 1940s to the 2010s to…
MILAN (Reuters) – Italy’s former phone monopoly Telecom Italia on Sunday dismissed as “unfounded and harmful for the group” a newspaper report concerning financial targets in a plan new Chief Executive Pietro Labriola is working on. A report in daily Il Messaggero said Labriola would set very conservative targets, pointing to a decline in revenues…
