By Ross Kerber BOSTON (Reuters) – After scoring a landmark win at Exxon Mobil Corp over climate concerns last year, activist investor Engine No. 1 is broadening its sights to press companies on diversity and workforce issues in 2022. Michael O’Leary, who oversees investment stewardship at the San Francisco-based firm, said it will want more…
(Reuters) – Hyzon Motors has received a subpoena from the U.S. Securities and Exchange Commission (SEC), the hydrogen fuel-cell truck maker disclosed in a regulatory filing on Wednesday, sending its shares down nearly 13% before the bell. The SEC has asked the company to produce documents and information regarding allegations made in a report by…
BENGALURU (Reuters) -India’s Infosys Ltd on Wednesday bumped up its annual revenue forecast and posted a near 12% jump in quarterly profit, riding on strong demand for its software services from businesses accelerating their digital transformation due to the pandemic. The country’s second-largest IT services firm by revenue said it expects revenue growth of 19.5%-20%…
CHENNAI (Reuters) – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said, about three weeks after it was closed because of protests over workers falling sick. The company official, speaking to Reuters on condition of anonymity, said the factory reopened with one shift and 120 workers….
By James Davey LONDON (Reuters) – British supermarket group Sainsbury’s raised its full-year profit forecast by at least 9% after grocery sales over the Christmas quarter beat its expectations, even though they fell short of its stellar 2020 festive performance. Sainsbury’s said on Wednesday the upgrade reflected cost savings and stronger-than-expected grocery volumes, driven in…
By Kevin Yao BEIJING (Reuters) – China’s central bank is set to unveil more easing steps to support slowing growth, though it will likely favour injecting more cash into the economy than cutting interest rates too aggressively, policy insiders and economists said. While some analysts think modest rate cuts could still be on the cards…
(Reuters) -California is reevaluating Tesla Inc’s Full Self-Driving (FSD) test program, to determine if the electric-car maker’s software should fall under its motor vehicle department’s autonomous vehicle regulations, the Los Angeles Times reported on Tuesday. FSD is an advanced driver assistance system that handles some driving tasks, but Tesla says it does not make vehicles…
By Carolyn Cohn and Tom Westbrook LONDON (Reuters) – Oil hit its highest since the Omicron outbreak, world stocks rose to one-week peaks and the dollar plumbed six-week lows on Wednesday after U.S. Federal Reserve Chair Jerome Powell sounded less bullish on rates than expected in testimony to Congress. Powell told a congressional hearing on…
By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp’s proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds. Ken Hokugo, corporate governance director at the Pension Fund Association (PFA), said…
By Scott Murdoch, Kane Wu and Matt Scuffham SYDNEY/HONG KONG/NEW YORK (Reuters) -Morgan Stanley will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year. Bankers in equity underwriting and…
