#shareholders

[ follow ]
Startup companies
TechCrunch
22 hours ago
Startup companies

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval | TechCrunch

Swiggy plans to raise $1.25 billion in IPO, with $450 million from new shares and $800 million from existing backers. [ more ]
The Motley Fool
11 months ago
Startup companies

The Best Stocks to Invest $50,000 in Right Now | The Motley Fool

Provided you have all your financial bases covered, investing can be one of the best ways to generate wealth and put yourself on a path to financial freedom.If you have $50,000 available to invest, that represents a strong starting point, and it has the potential to grow into a much larger amount over time if you back the right companies.
moreStartup companies
Law
Above the Law
1 month ago
Law

Elon Musk Supporters Bombard Judge With Angry Letters - She's Not Even Opening Them

Tesla shareholders upset over Musk's $56 billion compensation package struck down by judge
Investors concerned about attorneys asking for $6 billion in Tesla stock after successful challenge [ more ]
Above the Law
2 months ago
Law

Morning Docket: 02.15.24

NHL hit with antitrust suit
ABA considering changes to special masters nomenclature
Delaware law can hurt CEO feelings [ more ]
www.theguardian.com
2 months ago
Law

Elon Musk's unlikely foe in $56bn pay defeat: US thrash metal drummer

Elon Musk lost a legal case brought by a former heavy metal drummer, resulting in the voiding of his $56bn pay package.
The unlikely opponent, Richard Tornetta, held just nine shares of Tesla and accused Musk of unfairness to him and fellow shareholders.
Tornetta's case raises questions about the power of individual investors with small holdings and their ability to shape corporate law. [ more ]
moreLaw
Soccer (FIFA)
BBC Sport
1 month ago
Soccer (FIFA)

Hibs shareholders group to vote against Foley move

Hibernian shareholders group opposes Foley's £6m investment
HSL concerned about lack of information on proposed investment [ more ]
BBC Sport
10 months ago
Soccer (FIFA)

'Change is needed' - Leeds chairman Radrizzani

"Change is needed" at Leeds United following the club's relegation from the Premier League, says their chairman Andrea Radrizzani.On the same day a consortium, including Radrizzani, agreed a deal to buy Italian side Sampdoria, the Italian apologised to Leeds fans."We are committed and determined to continue on this journey,"
Under Radrizzani's ownership, Leeds returned to the Premier League in 2020 after a 16-year absence, but dropped into the Championship after a disappointing season.
moreSoccer (FIFA)
London
London Business News | Londonlovesbusiness.com
4 months ago
London

Tui considers 'delisting from the London Stock Exchange'

Tui is considering delisting from the London Stock Exchange due to views expressed by shareholders.
They already have a secondary listing in Frankfurt and have seen a notable liquidity migration from the UK to Germany. [ more ]
www.standard.co.uk
11 months ago
London

MPs warn against Heathrow Airport expansion: Put the planet first'

A London MP has warned that any move to expand Heathrow Airport would present a serious health issue for her constituents, as she called for the Government to block the project.Fleur Anderson, the Labour MP for Putney, led a parliamentary debate on Wednesday, in which she said the scheme would subject Londoners to unacceptable levels of noise and air pollution.
www.standard.co.uk
11 months ago
London

Deliveroo riders paid 2.90 per delivery' protest outside AGM in London

A Deliveroo rider who said he is paid as little as 2.90 per delivery is among fast food riders rallying outside Deliveroo's annual general meeting (AGM) in London.Riders protested on Wednesday for better pay and working conditions outside 100 Bishopgate.The company's chief executive Will Shu was holding the company's AGM inside while riders held banners reading Shame on Shu and chanted Deliveroo, you're no good, pay your riders like you should.
www.standard.co.uk
11 months ago
London

Security remove protesters from Shell AGM in London as chairman left rattled

P rotesters have been carried out of Shell's annual general meeting (AGM) for shareholders in east London after loud chanting and singing left the oil giant's chairman rattled.Climate groups including Extinction Rebellion, Greenpeace and Fossil Free London disrupted the meeting on Tuesday morning inside the Excel Centre while others held a rally outside.
www.theguardian.com
11 months ago
London

Climate protesters rework Spice Girls song to disrupt Barclays AGM

Barclays' annual general meeting has been disrupted by climate activists condemning the bank's role as one of Europe's largest funders of fossil fuels including a choir singing a Spice Girls hit with reworked lyrics.Dozens of activists from groups including Fossil Free London and Extinction Rebellion UK began their action less than five minutes into the meeting where its chair, Nigel Higgins, was addressing shareholders at the QEII Centre in Westminster, central London.
www.standard.co.uk
1 year ago
London

Chelsea talks over Earls Court move categorically' denied after new stadium reports

Blues supporters have expressed concern about the prospect of leaving their home, where they have played since the club was founded in 1905.Although a move away from Stamford Bridge has not been ruled out, the most likely scenario remains the knocking down and expansion of the current 42,000-seater stadium.
moreLondon
www.housingwire.com
10 months ago
Real estate

Cenlar FSB names Thomas Donatacci as investor relations officer

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer.Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A.He is expected to strengthen Cenlar's relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies.
Truthout
10 months ago
Left-wing politics

Shell Scraps Plans to Cut Oil Production, Raises Payouts to Wealthy Shareholders

This comes after the oil giant tacitly admitted that limiting warming requires an "immediate end to fossil fuel growth."Shell, which more than doubled its annual profits last year, said in a press release that it now intends to "achieve cash flow longevity" by keeping oil production stable until 2030 and boosting gas production, even as scientists say a rapid phaseout of fossil fuels is necessary to avert global climate destruction.VIEW press / Contributor / Getty Images Shell announced Wednesday that it is raising payouts to wealthy shareholders and scrapping plans to cut oil production by up to 2% annually, a move that environmental groups said lays bare the futility of relying on fossil fuel corporations to voluntarily curb their climate-destroying activities.
www.independent.co.uk
11 months ago
UK news

UK Government sells 1.26bn of taxpayer stake in NatWest

The UK Government has sold 1.26 billion of its stake in Natwest back to the banking firm.It is the latest in a series of stake sales by UK Government Investments as the state seeks to whittle down its shareholding in the bank, following its near 46 billion bailout during the 2008 financial crisis.The latest sale will bring the Government's minority stake down to 38.69% from around 41%.
www.cbc.ca
10 months ago
Canada news

Glencore offers to buy Teck's steelmaking coal business | CBC News

Swiss company Glencore it has made an offer to buy the steelmaking coal business of Teck Resources Ltd.The company said in a statement Monday it would pay cash for the assets, but did not say how much publicly.Glencore said it remains willing to pursue its offer for all of Teck, but that it has made an alternative offer for the coal operations that it would combine with its own thermal coal assets.
www.cbc.ca
11 months ago
Canada news

Some companies say they can't quit Russia, others find leaving complicated but worth it | CBC News

More than a year after the Ukraine invasion, it's clear: Leaving Russia was not as simple as the first announcements might have made it seem for global companies.Though companies' stories vary, a common theme is having to thread a needle between Western sanctions and outraged public opinion on one side and Russia's efforts to discourage and penalize departures on the other.
www.cbc.ca
11 months ago
Canada news

Onex shareholders approve plan to replace Gerry Schwartz as CEO | CBC News

Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.Onex president Bobby Le Blanc was named to the top job at the private equity investment firm, while Schwartz will remain as chairman.
www.cbc.ca
11 months ago
Canada news

TD Bank calls off $13B takeover of U.S. lender First Horizon | CBC News

TD Bank Group has called off its $13.4-billionUS deal to acquire U.S. bank First Horizon Corp., citing regulatory uncertainty around the takeover.TD said Thursday it reached a mutual agreement with the Tennessee-based bank to terminate the acquisition because of the uncertainty as to when and if it would be able to obtain regulatory approval.
time.com
10 months ago
Business

CEO of Ground-Breaking DNA Sequencing Company Illumina Resigns Amid Pressure From Investor Carl Icahn

Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.Charles Dadswell, senior vice president and general counsel, has been named interim CEO, while the board conducts a search for a new CEO.Illumina said deSouza, who has been with the company since 2013 and was named CEO three years later, will stay on in an advisory capacity until July 31.
Harvard Business Review
10 months ago
Business

3 Steps to Identify the Right Strategic Goals for Your Company

Ann is the CEO of my country's largest independent, not-for-profit aged-care provider, offering residential aged care, retirement living, and at-home support.It was established well over a hundred years ago and is set in many of its ways.One of these is how strategic objective-setting is conducted.But Ann's not happy with the process.
Sun Sentinel
10 months ago
Miami

Citizens' rate hikes among lowest of Florida's top 10 insurers

Yes, there are some trade-offs to being insured by state-owned Citizens Property Insurance Corp.But despite them, there's little an argument that folks who rely on "the insurer of last resort" have been facing insurance rate hikes that rank among the lowest over the past two years.It's one reason, along with a growing reluctance by private-market insurers to continue insuring Florida homes, why the number of accounts covered by Citizens' has grown from 420,000 to 1.3 million since 2019.
Truthout
10 months ago
Left-wing politics

Top Insurance CEOs Took Home $335 Million Last Year, Fueled by Stock Buybacks

Cigna New England CEO Mark Butler waves to a tablet from his home in Westborough, Massachusetts, on December 12, 2019.David L. Ryan / The Boston Globe via Getty Images The United States' healthcare system is the worst in the developed world, delivering the highest death rates for treatable conditions, the highest infant and maternal mortality rates, and the lowest life expectancy at birth.
Nieman Lab
10 months ago
Media industry

Gannett journalists across the U.S. will strike on June 5

On Monday, June 5, Gannett, the country's largest newspaper chain, will hold its annual shareholders meeting - and "hundreds" of Gannett union journalists across the U.S. will walk off the job, the NewsGuild-CWA said Thursday.Most Gannett journalists are not unionized, and most Gannett newspapers will not be striking.
www.nytimes.com
11 months ago
Artificial intelligence

Carl Icahn's Battle with Illumina Comes to a Head

Image Carl Icahn is seeking changes at the top of Illumina.Credit...Brendan McDermid/Reuters One of the biggest fights in corporate America is coming to a head on Thursday: Shareholders in Illumina, the gene-sequencing giant, are set to vote on whether to back the company's incumbent directors or candidates nominated by the billionaire Carl Icahn.
www.cbc.ca
11 months ago
Canada news

Profits dip as BMO and Scotiabank set aside hundreds of millions more to cover bad loans | CBC News

Two of Canada's biggest lenders revealed quarterly earnings on Wednesday that suggest a gloomier outlook for Canada's economy, with sharply lower profits and a large jump in the amount of money they're setting aside to cover bad loans.Bank of Montreal and Scotiabank posted quarterly results before stock markets opened on Wednesday, and while the exact numbers differed, they shared some worrisome themes.
Chicago Tribune
11 months ago
Chicago

Sheldon Jacobson: America's health care system benefits the insurance industry, not patients or doctors

Could this be the year when America starts to shift away from the employer-sponsored health insurance model?To be sure, health care is an issue that concerns most people.Whether it is accessing care or paying for health care services, few people are free of the anxiety that comes when they or a loved one must undergo treatment for an acute life-threatening or debilitating chronic condition.
www.nytimes.com
11 months ago
Tech industry

Peloton Shares Slide After It Recalls Two Million Exercise Bikes

Peloton, the maker of home exercise equipment, said on Thursday that it was recalling more than two million exercise bikes, an announcement that sent its stock lower.The company's shares tumbled more than 8 percent in midday trading and have plunged nearly 40 percent in the last month.The company had received 35 reports of seat posts breaking and detaching from the original model of its bike during use, according to a recall notice from the Consumer Product Safety Commission.
www.nytimes.com
10 months ago
New York City

New York City Seeks to Unravel the Secret Mystery of Hospital Costs

New Yorkers in need of medical treatment often choose their hospitals based on a variety of factors: reputation, their practitioners' affiliation or maybe location.But there is one variable that seldom enters the mix: how much hospitals charge for the same service.The lack of transparency has bedeviled patients across the country, sometimes arising in well-publicized stories about overinflated bills for relatively straightforward hospital visits an issue that is particularly troubling for people without insurance.
www.theguardian.com
10 months ago
London

Heathrow security staff to strike on almost every weekend this summer

Security staff at Heathrow airport will strike for 31 days this summer after the Unite union announced fresh action over pay.More than 2,000 officers will strike, affecting almost every weekend from June to August, in what the union described as a major escalation.The strikes to date have been focused on Terminal 5, used by British Airways.
www.nytimes.com
10 months ago
Tech industry

Judge Dismisses D.C.'s Privacy Lawsuit Against Meta

A Superior Court judge on Thursday dismissed a privacy lawsuit against Meta by the District of Columbia, which had accused the company of deceiving consumers by improperly sharing their data with third parties, including the British political consulting firm Cambridge Analytica.The decision was a rare victory for Meta, which owns Facebook and Instagram, as it battles lawsuits filed by the federal government, states, foreign regulators and consumers in privacy, antitrust and consumer protection disputes.
www.theguardian.com
11 months ago
UK politics

Revealed: warning to ministers over privatised water kept secret since 2002

Ministers were warned about the dangers of private equity taking over the water industry in a briefing that has been kept secret for 20 years, the Guardian can reveal.Details of the analysis are still being withheld as sewage pollution and the failure of water companies to invest in infrastructure are under national scrutiny.
www.independent.co.uk
11 months ago
France news

Activists hail breakthrough' as proxy adviser backs climate resolution at Total

Shareholder activists have welcomed a breakthrough after an influential proxy adviser backed a climate resolution for TotalEnergies.Institutional Shareholder Services (ISS) has recommended that investors vote for the resolution, which urges the French oil giant to do more to cut emissions from its value chain, at the annual general meeting on May 26.
Coindesk
11 months ago
Cryptocurrency

First Mover Americas: Bitcoin Layer 2 Stacks Begins May on Top

This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.Latest prices 5/3/2023


Bitcoin (BTC) climbed on Tuesday, gaining more than 2% on signs the U.S. banking crisis isn't yet over.
Exchangewire
10 months ago
Marketing tech

AI Paid Search Experts, Brightbid Joins Forces With Nasdaq Listed Group Speqta

BrightBid, the AI-driven paid search advertising company with a strong presence in the UK, Sweden, Norway, and Denmark has joined forces with Speqta, a holding group listed on Nasdaq First North Premier Growth Market, in a share deal currently worth around £20m*.Speqta has a number of major investors including Swedbank Robur and is also the owner of Bidbrain; an AI based SaaS company focused on marketing for e-commerce and retail businesses.
AdExchanger
11 months ago
Marketing tech

Comcast Preps To Sell Its Hulu Stake To Disney; On The Frontlines Of TV's Measurement Battle | AdExchanger

Comcast is preparing to sell its 33% stake of Hulu to Disney.Disney CEO Bob Iger told investors that Comcast and Disney were in talks about Hulu's fate.On Tuesday, Comcast CEO Brian Roberts confirmed "it's more likely than not" that Comcast will sell to Disney, reports.The news comes on the heels of announcing a "one app experience" with Disney and Hulu, which is coming to the US later this year.
MarTech
11 months ago
Marketing tech

What's behind the MarTechBot curtain? | MarTech

We all have experienced the unprecedented pace of AI-driven change in the last six months.The catalyst for that change was "access."AI's inflection point was OpenAI's decision to provide free and unfettered access to ChatGPT - the result: 100 million users in less than two months.As martech and marketing operations leaders, this open access is both a blessing and a challenge.
Dezeen
10 months ago
Design

"Dead architects' names are the perfect secret ingredient to selling loads of mediocre merch"

Architecture-branded products like Kith and New Balance's recently released Frank Lloyd Wright sneakers undermine the values of the profession, writes Ryan Scavnicky.Dead architects' names are the perfect secret ingredient to selling loads of mediocre merch.Stuff like educational toys, stuff like t-shirts, chess sets and even shoes.
www.nytimes.com
10 months ago
Television

Netflix Shareholders Vote to Reject Executive Pay Packages

Netflix shareholders voted on Thursday to reject the lucrative pay packages of the company's leaders, including the co-chief executives Ted Sarandos and Greg Peters.The vote is nonbinding and can be overruled by the company's board of directors the next time it meets.But the result was notable just days after the Writers Guild of America, which represents writers taking part in a strike, sent a public letter urging the streaming giant's shareholders to reject the compensation plans.
www.npr.org
10 months ago
Tech industry

One mom takes on YouTube over deadly social media blackout challenge

Annie McGrath and her son Griffin when he was young.Annie McGrath Annie McGrath never had to worry too much about her 13-year-old son Griffin.He had good grades and lots of friends.Griffin played baseball and the drums and had even won a national science competition.Because he was so interested in science and experiments, he spent a lot of time watching YouTube videos.
www.independent.co.uk
11 months ago
UK news

M&S hails good start' to turnaround strategy despite profits dip

Marks & Spencer has revealed a jump in sales revenue due to higher prices, but profits have dipped over the past year on the back of higher costs.The high street chain said sales grew in both its clothing and homeware, and food divisions over the year to April, and profits were better than expected despite being down on last year.
Chicago Tribune
11 months ago
Chicago

CUB challenges ComEd's proposed rate increase

Citing expert testimony and excessive profits, the Citizens Utility Board is petitioning state regulators to slash ComEd's proposed four-year, $1.47 billion rate increase by more than 60%.The filing Monday with the Illinois Commerce Commission seeks to reduce ComEd's proposal by at least $914.5 million, with additional testimony by other watchdog groups and the Illinois attorney general's office expected to bring the cumulative recommended cuts to over $1 billion.
www.independent.co.uk
11 months ago
UK news

Water firms sorry' for 824 daily sewage spills in 2022

The biggest modernisation of sewers since the Victorian era is planned by the water industry, as companies apologised for not acting quickly enough to tackle spills.Water UK said plans for the largest ever investment in sewage networks will cut overflows by up to 140,000 each year by 2030, compared to the level in 2020.
www.france24.com
11 months ago
France politics

Taiwanese battery maker Prologium to invest 5 billion in French factory

Issued on: 12/05/2023 - 07:22 France's President Emmanuel Macron speaks with ProLogium's CEO Vincent Yang during a meeting as part of the 5th edition of the "Choose France" Business Summit, at the Palace of Versailles, southwest of Paris, France, July 11, 2022.Ludovic Marin, Pool via Reuters Taiwanese battery maker Prologium said Friday it will invest billions of dollars in building a new factory in northern France for its first European plant.
Chicago Tribune
10 months ago
Chicago

Watchdog group wants to cut down Peoples Gas rate hike

Empowered by the end of a 10-year legislative surcharge for the pipeline replacement program, the Citizens Utility Board is working to cut more than $110 million from a record Peoples Gas rate hike request, which is pending before state regulators.Targeting everything from the mismanaged pipeline project to high residential heating costs, the consumer watchdog group recommended slashing $63 million from the proposal, with the Illinois attorney general's office expected to seek $49 million in additional reductions.
Chicago Tribune
11 months ago
Chicago

Editorial: On Brandon Johnson's first day, he puts out a disastrous job description for deputy mayor

As Mayor Brandon Johnson was celebrating "the soul of Chicago" in his inaugural speech, his office was churning out a batch of deeply radical executive orders that signal trouble ahead for anyone worried about tax increases or concerned with the fiscal stability of America's third largest city.
Chicago Tribune
11 months ago
Chicago

Groupon issues 'going concern' warning as Chicago-based online marketplace terminates River North HQ lease

Groupon, the struggling Chicago-based online marketplace that built its business model on short-term daily deals, may be running out of time itself.Now under the leadership of a Czech investor, Groupon issued a "going concern" warning during a tepid first quarter earnings report this week, signaling the company could be insolvent within a year.
www.npr.org
10 months ago
Arts

Tupperware once changed women's lives. Now it struggles to survive

Tupperware is now selling some products at Target, but it still makes most of its money through individual sellers.Scott Olson/Getty Images Stacey Sottung shows off a stack of colorful bowls in an Instagram video, filming for her followers a taste of the modern Tupperware party, which in addition to bowls and vintage tumblers, may include cake pans that go in the microwave, cold-brew carafes or vegetable choppers.
www.independent.co.uk
10 months ago
France news

B&M sees higher earnings in 2024 as it gives up pandemic gains

Retailer B&M has said that it expects earnings to grow in the current financial year, sending its shares soaring on Wednesday morning.The business said that it had registered revenue of nearly 5 billion in the 12 months to the end of March, a rise of 6.6% compared to the year before.But its profit dropped by 17% to 436 million as shopping habits returned to more normalised levels after the pandemic, the business said on Wednesday.
Black & White & Read All Over
10 months ago
Juventus

OFFICIALLY OFFICIAL: Juve gets hefty fine after FIGC accepts plea deal terms

One thing is for certain: Juventus didn't let the second financial case it was involved in linger and hang over the club like the first one did.And no points were sacrificed, either.Juventus and the FIGC announced Tuesday that a plea deal has been officially reached, with the two sides agreeing to a fine of close to €720,000 as a penalty for the Bianconeri's suspected salary maneuver case resulting from the delayed payments of salaries post-lockdown in 2020.
www.theguardian.com
10 months ago
London food

This is the reality of running a small restaurant in Britain right now. It's a miracle we survive | Mandy Yin

At my restaurant, an independent Malaysian laksa bar in north London, we have a sharing plate of fried chicken on the menu.It isn't just any old fried chicken.Instead of wings, we use strips of tender chicken thigh that are marinated in a satay spice paste before being dredged in eggs and a spiced gram-flour coating.
www.nytimes.com
10 months ago
Television

Netflix Starts to Crack Down on Password Sharing

The great Netflix password crackdown has begun.The streaming giant sent out an email on Tuesday to U.S. members who are sharing their account with people living outside their household that made clear it would begin kicking people off the service if they were using someone's account for more than 30 days while at a different location.
www.nytimes.com
11 months ago
Television

Succession' Style, Episode 6: Straight to the Moon

This article contains spoilers for Episode 5 of the final season of Succession.This week was back to business for the Roys.The CE-Bros took big swings, leaving a trail of high-profile firings in their wake as they shook things up and tried to tank the deal with Matsson.If we were to go with Kendall's version of the story, we'd say: Dynamic Waystar duo shake up their senior leadership team, with the bottom line being that the pair might just have what it takes to turn things around, as he told Roman.
www.independent.co.uk
11 months ago
UK news

Asos secures 75m fundraising to support turnaround plan

Fast fashion firm Asos has raised 75 million to support its turnaround plan.The group revealed plans on Thursday evening to raise funds in order to strengthen its balance sheet.The online retail business confirmed on Friday that it has completed a share placing, with 17.9 million shares at 418.1p each to secure the cash injection.
www.independent.co.uk
11 months ago
UK news

Deliveroo riders to confront bosses over pay and insecure' jobs

Riders for Deliveroo are set to confront bosses at the takeaway delivery specialist over pay and insecure jobs at the firm.Campaigners at ShareAction and IWGB (Independent Workers' Union of Great Britain) have coordinated for riders to challenge Deliveroo's board at its annual general meeting on Wednesday.
www.independent.co.uk
11 months ago
UK news

Climate protesters try to storm stage at chaotic Shell AGM

A shareholder rebellion against the board of Shell secured a fifth of votes at a stormy annual general meeting on Tuesday where climate protesters tried to rush the stage.Security staff linked hands to shield chairman Sir Andrew Mackenzie and chief executive Wael Sawan as a handful of activists made for the top table.
www.independent.co.uk
11 months ago
UK news

Swimming in sewage used to be acceptable', says senior Tory MP

A senior Tory MP has said swimming in sewage in Britain used to be regarded as acceptable recalling his own childhood days paddling in wastewater.Damian Green claimed attitudes towards sewage dumping have changed in recent years, as water companies apologised for polluting England's rivers and beaches and promised change.
www.independent.co.uk
11 months ago
UK news

Royal Mail slumps to loss of more than 1bn after year of strikes

Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than 1 billion.The group's owner, International Distributions Services (IDS), revealed Royal Mail swung to an operating loss of 1.04 billion for the year to March 26, against earnings of 250 million the previous year.
www.independent.co.uk
11 months ago
UK news

Calls for tax loopholes' to be closed as Shell makes 1.4bn more than expected

Shell became the latest oil major to beat forecasts on Thursday as an unexpected 1.4 billion boost pushed it to a record first-quarter result.The Government faced further calls from opposition politicians and charities to close loopholes in its windfall tax as Shell said it made 9.6 billion US dollars (7.6 billion) in adjusted earnings in three months.
Truthout
11 months ago
Left-wing politics

Climate Activists Take Over Shell's Annual General Meeting in London

A member of the Dutch activist group Milieudefensie demonstrates in London, England, during the Shell's annual general meeting on May 23, 2023.DANIEL LEAL / AFP via Getty Images About 100 climate campaigners on Tuesday demanded the attention of executives and shareholders at Shell's annual general meeting, refusing to be silenced as they spent several hours disrupting the profits-focused gathering to condemn the oil company for its continued planet-heating fossil fuel extraction.
Truthout
11 months ago
Left-wing politics

Former Top Official: Huge Portions of Pentagon Budget Goes to Defense Contractor Price Gouging

President Joe Biden delivers a speech during his visit at Lockheed Martin facility which manufactures weapon systems such as Javelin anti-tank missiles, which the Biden-Harris Administration is providing Ukraine in Troy, Alabama, on May 3, 2022.Peter Zay / Anadolu Agency via Getty Images As the annual U.S. defense budget creeps closer to $1 trillion, an explosive interview with a former top Pentagon official has exposed private defense contractors' brazen plot to price gouge the government on weapons and equipment - and reap billions upon billions of dollars of profits from taxpayers' pockets in the process.
Truthout
11 months ago
Left-wing politics

GOP Demands Larger Pentagon Budget Amid Continued Push to Slash Aid Programs

Republicans are reportedly demanding even stricter work requirements than they originally proposed for SNAP recipients.U.S. Air Force F-16 fighter jets fly in formation during U.S.-Philippines joint air force exercises at Clark Air Base on May 9, 2023, in Mabalacat, Philippines.Ezra Acayan / Getty Images With the U.S. just 10 days away from a possible default, House Republicans are now demanding a military budget even larger than the record $858 billion that Congress authorized for the current fiscal year as they continue pushing for steep cuts to key aid programs.
www.theguardian.com
11 months ago
UK politics

The Guardian view on England's water companies: a badly broken system | Editorial

The revelation should anger all who care about England's rivers and beaches.Two decades ago, ministers were warned about private equity firms buying up water companies.In a briefing prepared for Britain's competition regulator prior to the takeover of Southern Water, researchers raised the alarm that private equity-owned water companies would become impossible to regulate.
www.theguardian.com
11 months ago
UK politics

Pity the MPs who hate the London bubble and its elites but just can't leave them behind | Marina Hyde

Britain increasingly feels like a terribly old country.We keep hearing its pipework hasn't been properly overhauled since the Victorian age, so its own sewage laps at its shores and courses through its rivers.Earlier this month we crowned our oldest ever new monarch, a man who looked a picture of melancholy pretty much throughout, even if media sycophancy made it verboten to categorise the mood as anything other than joyous renewal.
Digiday
11 months ago
Marketing

Future plc's half-year earnings reveal a lagging U.S. business

Future plc had a slow start to its fiscal year, with overall revenue flat from October 2022 to March 2023 year over year, according to its half-year earnings announced on Thursday.The U.S. side of the business in particular lagged behind Future plc's U.K. business, with audience and revenue down.And the company doesn't think the second half of its fiscal year will fare much better.
www.nytimes.com
11 months ago
Europe news

England's Water Companies Vow to Clean Up Their Sewage Dumping Act

England's rivers and coastlines have long endured a foul problem an astounding release of untreated sewage by water companies, some of it illegal, which critics say has sickened swimmers and polluted the country's critical ecosystems.It's disgusting when you're in the water and you see and smell sewage, said Josh Harris, a spokesman for Surfers Against Sewage, a charity that monitors pollution and is among several groups leading an intensifying public outcry against the contamination of England's waterways.
www.nytimes.com
11 months ago
Europe news

Boeing Receives Order for Up to 300 Planes From Ryanair

Ryanair, the European low-cost airline, said on Tuesday that it had agreed to buy 150 737 Max 10 airplanes, its largest-ever Boeing order.The deal includes an option that would allow the company to buy another 150 jets.At list prices, 150 planes would sell for more than $20 billion, though Boeing and other manufacturers typically agree to deep discounts for such large orders.
PBS NewsHour
11 months ago
Tech industry

Musk tells Tesla shareholders he's not stepping down as CEO, considering advertising

Elon Musk on Tuesday dismissed speculation that he might step down as Tesla's CEO and told the company's annual shareholders meeting that the electric car and solar panel company would start doing some advertising."Say it ain't so," one shareholder asked Musk about stepping down as Tesla's leader.
www.nytimes.com
11 months ago
Tech industry

Tesla Changed a Deadline for Investor Proposals, Angering Activists

Tesla investors will have fewer opportunities to express discontent with management at the company's annual meeting, which is taking place Tuesday in Austin, Texas, because of what some shareholders said was a deliberate attempt by the automaker to suppress dissent.In October, Tesla moved up the meeting from August to May and gave shareholders two fewer months to file proposals.
www.nytimes.com
11 months ago
Tech industry

Amazon's Revenueand Profit Jump, Reversing Slide

Amazon reversed its winter slide and posted strong financial results for the first quarter.Revenue increased 9 percent from a year earlier to $127.4 billion, while net income jumped to 31 cents a share against a loss of 38 cents in 2022, the company said Thursday.Both numbers were better than analysts had expected.
Ars Technica
11 months ago
Cars

Elon Musk doubles-down on Tesla robotaxis in TV interview

On Tuesday afternoon, after the close of the stock market, Tesla held its annual meeting.Tesla CEO Elon Musk told rapturous attendees that 2023 would finally see the Cybertruck go into production and that an example of the angular stainless-steel pickup would be his daily driver.He also confirmed some previously reported facts, like a move to reduce silicon carbide power electronics in drive units, then gave a presentation on the company's humanoid robotics program.
sfist.com
11 months ago
San Francisco

Poll: One-Third of SF Small Businesses Hit By Crime Multiple Times Last Year

A new poll from the Office of Small Business says that a third of SF small businesses were not just victims of crime, but victims of crime between two and ten times last year.It gets a ton of doom loop-themed press coverage when a large retailer closes their San Francisco store, but much of that press coverage is driven by a national press obsession with bashing San Francisco.
english.elpais.com
11 months ago
Tech industry

Elon Musk says he's found a woman to lead Twitter as new CEO

A Twitter logo hangs outside the company's offices in San Francisco, Dec. 19, 2022.Jeff Chiu (AP) Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called and it's a woman.He did not name her but said she will be starting in about six weeks.Musk, who bought Twitter last fall and has been running it since, has long insisted he is not the company's permanent CEO.
www.mercurynews.com
11 months ago
Tech industry

Musk says he's found a new CEO to run Twitter

By Barbara Ortutay and Matt O'Brien | Associated Press Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called and it's a woman.He did not name her but said she will be starting in about six weeks.Musk, who bought Twitter last fall and has been running it since, has long insisted he is not the company's permanent CEO.
time.com
11 months ago
Tech industry

Elon Musk Says He's Stepping Down as Twitter's CEO

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called.He did not name the person but said she will be starting in about six weeks.Musk, who bought Twitter last fall and has been running it since, has long insisted he is not the company's permanent CEO.The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.
time.com
11 months ago
Tech industry

Elon Musk Says He's Found a Woman to Lead Twitter as New CEO

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called.He did not name the person but said she will be starting in about six weeks.Musk, who bought Twitter last fall and has been running it since, has long insisted he is not the company's permanent CEO.The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.
Chicago Tribune
11 months ago
Chicago

Editorial: Chicago can't force an unprofitable grocery store to remain open

Anyone closing a grocery store in a nonaffluent Chicago neighborhood is in for a world of criticism.When Amazon announced it was closing its Whole Foods store in Englewood last year, an angry Mayor Lori Lightfoot called the decision a "gut blow."And last month, when Walmart said it planned to close three of its locations on the South and West sides (plus one on the North Side), despite having highlighted its commitment to the city in 2020 as part of a pledge to advance racial equity, it was widely accused of hypocrisy.
www.theguardian.com
11 months ago
Environment

Cop28 host UAE's approach is dangerous', says UN's ex-climate chief

The United Arab Emirates' approach to the Cop28 climate summit it will preside over in November is very dangerous and a direct threat to the survival of vulnerable nations, according to the UN's former climate chief.Christiana Figueres, who was pivotal to the delivery of the landmark Paris climate agreement in 2015, also said the country holding the presidency of the UN summit could not put forward its own position and had to be neutral.
Social Media Explorer
11 months ago
Online marketing

Musk's Pick For Twitter CEO - Social Media Explorer

Topline
Elon Musk's seek for a Twitter CEO is over after he introduced Linda Yaccarino as the corporate's new chief Friday-she is a seasoned advert government whose arrival would doubtless soothe skittish advertisers following months of drastic overhauls to content material moderation and verification, however whose background might alienate among the billionaire's loyal and free speech-loving fan base.
Poynter
11 months ago
Media industry

Gannett is experiencing a mass exodus among top execs. Here's who has left. - Poynter

USA Today's vice president and executive editor of news and initiatives Kristen Go will be leaving Friday, making her the eighth high-ranking editor or executive to depart Gannett in the last six months.The company, which underwent several rounds of cuts last year, has experienced a mass exodus among top leadership.
SecurityWeek
11 months ago
Privacy professionals

Delaware Judge Refuses to Dismiss Facebook Shareholder Suit Over User Data Privacy Breaches

A Delaware judge on Wednesday refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.Vice Chancellor J. Travis Laster rejected arguments that the complaint should be dismissed because the plaintiffs did not first demand that Facebook's board take legal action before filing litigation themselves.
ComputerWeekly.com
1 year ago
Privacy professionals

NHS Highland rapped over data breach affecting HIV patients | Computer Weekly

The Information Commissioner's Office (ICO) has issued a reprimand to NHS Highland over a "serious breach of trust" after the health service inadvertently exposed personal details of patients likely to be accessing HIV services.The incident unfolded when someone at the organisation emailed 37 individuals likely to be accessing HIV services, inadvertently copying their email addresses into the carbon copy (CC) field rather than the blind carbon copy (BCC) field.
IPWatchdog.com | Patents & Intellectual Property Law
11 months ago
Intellectual property law

The U.S. Patent System, The Coase Theorem, and the Era of Efficient Infringement

"According to Coase, obstacles to bargaining and/or poorly defined property rights lead to an inefficient marketplace.You need look no further than the current state of the U.S. patent system for living proof of this theorem."There is little doubt that the way patent rights are viewed and protected has transformed over the last 15 to 17 years.
www.nytimes.com
11 months ago
US politics

Fox's Costs From Defamation Suit Lead to a Quarterly Net Loss

Lachlan Murdoch, the executive chairman of the Fox Corporation, conceded on Tuesday that a Delaware judge's pretrial rulings against the company severely limited our defense at trial and contributed to his decision to settle the landmark defamation case brought by Dominion Voting Systems.Mr. Murdoch, on a call with investors and analysts, called the $787.5 million settlement believed to be the largest in the history of defamation law a decision clearly in the best interest of the company and its shareholders.
www.nytimes.com
11 months ago
US politics

Exxon and Chevron Report More Modest Profits as Oil and Gas Prices Ease

Exxon Mobil and Chevron, the two largest American oil companies, reported modest earnings growth on Friday as they were forced to manage their businesses in the face of sagging prices for oil and natural gas.The slowing performance came after record earnings in 2022 in the wake of Russia's invasion of Ukraine, which sent fossil fuel prices soaring through much of the year.
GSMArena.com
11 months ago
Mobile UX

Apple's Q1 saved by record iPhone sales

Apple reported its fiscal quarter results, and they are better than analysts expected.Cupertino gained $94.8 billion in revenue between January and March 2023, 3% down from last year's $97.2 billion.The company posted record sales of iPhones for the first three-month period of the year and an all-time record for services, including App Store, Apple Music, Apple Pay, and iCloud.
www.independent.co.uk
11 months ago
UK news

Fury as Shell rakes in record $9.6billion first quarter profit bonanza'

Shell has sparked fury by raking in a record $9.6billion (7.6billion) profit in the first quarter of the year while households struggled with soaring energy bills.The profiteering bonanza fuelled calls for a tougher windfall tax on oil giants accused of cashing in on higher energy prices due to Russia's invasion of Ukraine.
www.theguardian.com
11 months ago
Artificial intelligence

Bernie Sanders, Elon Musk and White House seeking my help, says godfather of AI'

The man often touted as the godfather of artificial intelligence will be responding to requests for help from Bernie Sanders, Elon Musk and the White House, he says, just days after quitting Google to warn the world about the risk of digital intelligence.Dr Geoffrey Hinton, 75, won computer science's highest honour, the Turing award, in 2018 for his work on deep learning, along with Meta's Yann Lecun and the University of Montreal's Yoshua Bengio.
www.fastcompany.com
11 months ago
Artificial intelligence

Snap shares lose all of their 2023 gains as its AI fails to impress

Snapchat's parent company might be banking on artificial intelligence as the future of the company, but today's investors are a lot more interested in the here and now.Snap shares nosedived Thursday after the company released its first quarter earnings.The stock was down 20% in after-hours trading as of 5 p.m. ET, erasing all of its gains for the year to date.
www.independent.co.uk
11 months ago
UK news

Labour says huge BP profits are unearned windfall of war'

Opposition parties have renewed their calls for the government to close a loophole in its windfall tax on energy giants after BP said it made more than half-a-billion pounds more than expected in just three months.The oil giant said it made just under 4bn in underlying profit between January and March, citing a strong performance in its oil trading business.
Los Angeles Times
11 months ago
Los Angeles

Popular pot brand Cookies lined up millions in kickbacks to self-dealing execs, lawsuits allege

(Scott Dudelson / Getty Images)

The San Francisco-area rapper who founded Cookies is being accused of using strong-arm and bullying tactics to run the popular cannabis brand, and forcing other companies to pay him and top executives millions of dollars in kickbacks to do business.Those who refuse to pay up, according to a pair of lawsuits filed in Los Angeles County court, face threats of physical violence or "slanderous blasts on social media," as well as the inability to do business with Cookies, which has sprung up more than 30 stores across the U.S.
"Defendants' pervasive wrongdoing has caused their own pockets to be lined while causing massive losses to Cookies and its shareholders," lawyers for a group of investors allege in a lawsuit filed Feb. 8.
www.standard.co.uk
1 year ago
London

Beckham-backed e-sports HQ opens for gaming in London

A first-of-its-kind e-sports HQ backed by David Beckham and complete with an academy to bring on the best young talent has opened its doors in east London.Guild Esports has taken over a former artists studio in Shoreditch to train the stars of tomorrow.The building, which includes a gym, meeting rooms, shop, classrooms and space for counsellors and physios, was inspired by the academies run by Premier League football clubs.
[ Load more ]