(Reuters) -FedEx Corp on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug. 1. He will succeed Michael Lenz, who will serve as a senior advisor until the end of this year. FedEx said Dietrich, a veteran in the aviation and air cargo space, has held numerous leadership…
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks. This means that Credit Suisse will no longer be the reference entity for its outstanding CDS, which are a type of…
By Nigel Hunt and Jonathan Saul LONDON (Reuters) – A deal allowing Ukraine to export grain via the Black Sea will expire at the end of Monday after Russia said it will suspend its participation. The deal, brokered by the United Nations and Turkey last July, aimed to alleviate a global food crisis by allowing…
By Tom Hals WILMINGTON, Delaware (Reuters) -Tesla Inc’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla…
(Reuters) – Russian President Vladimir Putin said on Monday his defence ministry was preparing proposals for a response to an overnight attack that damaged the road bridge linking Crimea to southern Russia, for which he blamed Ukraine. At the end of a televised video meeting with national and regional officials to assess the consequences of…
By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank reported that in June, across a number of fronts, credit was the hardest to get in years, with fewer people seeking out loans, at least for…
(Reuters) -The U.S. Food and Drug Administration (FDA) said on Monday it had approved Sanofi and partner AstraZeneca’s antibody therapy to prevent respiratory syncytial virus (RSV) in infants and toddlers. The therapy, branded Beyfortus, was approved for preventing lower respiratory tract disease in infants born during or entering their first RSV season, and in children…
By David Shepardson WASHINGTON (Reuters) – The White House on Monday urged Republicans who control the House of Representatives to drop a provision in aviation legislation that would let airlines advertise the price of tickets without including government fees and taxes and to include new consumer protections for passengers. The House is set to vote…
By Stephen Nellis, Karen Freifeld and Andrea Shalal (Reuters) – The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to “refrain from further restrictions” on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China…
(Reuters) – An AMC Entertainment Holdings Inc. shareholder sued the theater chain in Delaware court on Monday, saying AMC is late in holding its annual meeting where shareholders elect members of the company’s board. Individual shareholder Kevin Barnes said in the lawsuit that AMC is required by its corporate bylaws to hold a meeting each…
