FedEx appoints new CFO
(Reuters) -FedEx Corp on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug….
Business
CDS panel rules UBS is sole successor to Credit Suisse after merger
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is…
Tesla directors pay $735 million to settle lawsuit over excess compensation
By Tom Hals WILMINGTON, Delaware (Reuters) -Tesla Inc’s directors will return $735 million to the company to settle claims they…
NY Fed report finds Americans increasingly facing borrowing headwinds
By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from…
White House wants aviation bill to include new consumer protections
By David Shepardson WASHINGTON (Reuters) – The White House on Monday urged Republicans who control the House of Representatives to…
U.S. chip lobby presses Biden to refrain from further China curbs
By Stephen Nellis, Karen Freifeld and Andrea Shalal (Reuters) – The U.S.-based Semiconductor Industry Association trade group on Monday called…
AMC shareholder sues to force company to hold annual meeting
(Reuters) – An AMC Entertainment Holdings Inc. shareholder sued the theater chain in Delaware court on Monday, saying AMC is…
Acumen’s Alzheimer’s drug passes initial safety test
By Julie Steenhuysen CHICAGO (Reuters) – An experimental Alzheimer’s disease drug developed by Acumen Pharmaceuticals targeting a novel form of…
Brazil’s economic activity surprises negatively with 2% decline in May
BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear…
Evergrande’s overdue results show steep losses, liabilities
By Clare Jim HONG KONG (Reuters) -China Evergrande Group, the world’s most indebted property developer, posted a combined loss of…