New Jersey CEO pleads guilty to $212 million investor fraud scheme tied to healthcare company
NEWARK, N.J. – The former CEO of a publicly traded healthcare services firm pleaded guilty to conspiracy to commit securities fraud in a scheme that defrauded investors out of hundreds of millions…
Pioneer Natural Resources CEO calls for private oil firm’s flaring to be ‘reined in’
DENVER – Scott Sheffield, chief executive officer of U.S. public shale firm Pioneer Natural Resources Co, on Thursday said private oil and gas companies needed to be “reined in” for excessive methane…
Bank of America CEO: capital markets business down, but pipelines are full
NEW YORK – Bank of America Chief Executive Officer Brian Moynihan said the bank’s capital markets business “is down” so far in 2022, even as the investment bank continues to see a…
StanChart CEO Winters keen to stay through 2024 at least
LONDON – Standard Chartered Chief Executive Bill Winters is keen to stay at the bank at least until the delivery of its new goal to hit a double-digit return by 2024, he…
Italy’s BPER to present new plan after Carige deal closes – CEO
(Repeats without changes) MILAN – Italy’s fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said in a…
Citigroup raises Fraser’s pay by 32% after appointing her as CEO
-Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head…
Apache aims to boost oil and gas output in Egypt, says CEO
CAIRO – Apache aims to raise its oil and gas output in Egypt by 10% to 15% within five years, CEO and President John Christmann told Sky News Arabia on Monday. (Reporting…
Britain fines JD Sports, Footasylum as CEO meetings breach order
By Sachin Ravikumar -Britain fined sportswear retailers JD Sports and Footasylum on Monday, saying meetings between their bosses breached an order that barred the two merged companies from integrating further. JD, Britain’s…
HSBC names Lim as CEO of Hong Kong business
SINGAPORE – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its…
Takeaway.com CEO: U.S. delisting does not indicate plan to sell Grubhub
AMSTERDAM – Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans…
Banco BPM focused on growing as a standalone lender, CEO says
PARMA, Italy – Banco BPM is focused on growth opportunities as a standalone lender, the head of Italy’s third-largest bank said on Saturday, a day after renewed speculation that larger rival UniCredit…
Lamborghini hopes for combustion engine future beyond 2030 – CEO
FRANKFURT – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly newspaper. “After…
Shell CEO sells $5.2 million of shares
By Ron Bousso LONDON -Shell Chief Executive Officer Ben van Beurden on Feb. 7 sold 3.9 million pounds ($5.2 million) worth of the energy company’s shares, a company filing showed. The 190,000…
Bosch CEO expects chip shortage to ease significantly in second half
BERLIN – Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in the second half of this year, he said at a press conference on Thursday, adding he hoped businesses…
Peloton CEO To Step Down As Company Cuts Thousands Of Jobs
Peloton co-founder and chief executive John Foley will step down as the company plans to cut thousands of jobs after slowing demand caused a significant decrease in the bike manufacturer’s market value,…
Bank CEO Stephen M. Calk Sentenced To One Year And One Day For Corruptly Soliciting A Presidential Administration Position In Exchange For Approving $16 Million In Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was sentenced to one year and one day of imprisonment for corruptly using…
Spotify CEO condemns Rogan over racial slurs, but won’t silence him
By Bhargav Acharya and Shivani Tanna – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe Rogan but…
Monte dei Paschi set to name veteran banker Lovaglio as CEO, sources say
By Giuseppe Fonte ROME – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the former head…
Airbus may make engines for hydrogen fuelled planes, CEO tells paper
FRANKFURT – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker has said…
Federal Criminal Charges Filed Against CEO of Exit 7c, Inc.
United States Attorney Richard G. Frohling announced that on February 2, 2022, an information was filed in federal court in Milwaukee, charging Blessing Egbon with wire fraud. According to documents filed in…
Siemens to increase research and development spending – CEO
ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker of trains…
Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit
ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the company said…
China’s JD.com CEO joins billionaire charity rush with $2.3 billion share pledge
-JD.com founder and CEO Richard Liu will donate company shares worth about $2.34 billion to charity, the Chinese e-commerce giant said on Wednesday, adding to a list of similar philanthropic pledges from…
Mercedes-Benz CEO says raw material scarcity could delay e-mobility – Die Zeit
– Scarce supply of raw materials for electric cars could slow the transition from fossil-fuel burning vehicles to electric ones, Mercedes-Benz Chief Executive Ola Kaellenius said in an interview with German paper…
EV maker ELMS’ CEO, chairman resign after probe into their share purchases
– Electric Last Mile Solutions Inc, a maker of battery-powered delivery vehicles, said on Tuesday that its top two executives had resigned following an investigation into their share purchases, sending its shares…
Spice Company CEO That Called Republicans Racist Begs Customers To Buy Gift Cards
A national spice retail company that called Republicans racist earlier in January began to ask people to purchase gift cards after the company lost thousands of customers, multiple sources reported. Penzeys Spices…
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