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…
Exclusive-Argentina’s Bioceres to seek Australia approval to plant its GMO wheat next year, CEO says
By Jorgelina do Rosario LONDON – Argentina’s Bioceres Crop Solutions plans to carry out field tests of its genetically modified drought resistant wheat in Australia and seek planting approvals next year, Chief…
Airbus CEO: Supply problems may improve from mid-2023
BERLIN – Airbus Chief Executive Guillaume Faury said at the ILA Berlin Air Show trade fair on Thursday he expects supply bottlenecks to ease from mid-2023 as crises have usually lasted 12…
Warner Music CEO Cooper to step down by end of 2023
(Reuters) -Warner Music Group in a regulatory filing on Wednesday said its longest-tenured chief executive, Steve Cooper, will leave the media company by the end of next year. Cooper was appointed CEO…
Mars long-time CEO Reid to retire, petcare unit head to succeed
(Reuters) – Mars Inc said on Wednesday long-time Chief Executive Officer Grant Reid has decided to retire and will be succeeded by the privately held chocolate company’s Petcare head Poul Weihrauch by…
Volkswagen CEO questions whether Apple plans to produce cars
BERLIN – Volkswagen CEO Herbert Diess said on Wednesday he was not sure Apple planned to produce cars but that the California-based company certainly wanted to provide software for cockpits. “I’m not…
Moderna CEO: COVID variant vaccine to be ready for shipping in August
LONDON – Moderna’s COVID-19 variant vaccine will be ready to ship in August as the company has been making shots ahead of approval, Chief Executive Stephane Bancel told Reuters on Wednesday, adding…
Glass Lewis recommends Aerojet investors back CEO in proxy contest
By Svea Herbst-Bayliss BOSTON -Glass Lewis on Tuesday backed Aerojet Rocketdyne Holdings Inc CEO’s eight-person board of directors slate, becoming the second proxy advisory firm to recommend against the U.S. rocket maker’s…
Harbour Energy CEO warns of lower UK investment due to windfall tax
By Ron Bousso and Shadia Nasralla LONDON – The North Sea’s biggest oil and gas producer, Harbour Energy, has told the British government that Britain’s planned windfall tax on the energy sector…
Carrefour CEO says well placed to deal with sustained inflation
DUBLIN – Carrefour’s chief executive said global inflation is here to stay and that the supermarket chain is well placed to manage it due to its mix of businesses and experience in…
U.S. SEC says charges Egan-Jones, CEO with conflict of interest violations
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it has charged Egan-Jones Ratings Co. and its chief executive with conflict of interest violations. Without admitting or denying…
Unilever CEO sees crisis as new normal for industry
DUBLIN – Unilever chief executive Alan Jope said on Tuesday that consumer goods companies should get used to the idea of “crisis being more or less the new normal” as they fight…
L’Oreal CEO remains confident on outlook for beauty industry
DUBLIN – L’Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming “even more…
KKR hires former IDEX CEO as part of U.S. dealmaking push
By Chibuike Oguh NEW YORK – KKR & CO Inc said on Tuesday it has hired former IDEX Corp chief executive Andrew Silvernail as an advisor to help buy and operate companies…
United Airlines expects fuel prices to stay high over long-term, says CEO
DOHA – United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based on current…
Sovcomflot fleet fully covered by Russian insurers, CEO says
(Reuters) – RRussia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western insurers withdrew cover. Western insurers halted…
CEO of Rosneft says BP still remains major stakeholder
(Reuters) – Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent…
ISS recommends Aerojet investors back CEO in bitter proxy contest
By Svea Herbst-Bayliss BOSTON -Prominent proxy advisory firm Institutional Shareholder Services (ISS) on Friday backed Aerojet Rocketdyne Holdings Inc CEO’s eight-person board of directors slate, dealing a blow to the U.S. rocket…
AMC shareholders vote against CEO Adam Aron’s $19 million pay package
(Reuters) – Shareholders of AMC Entertainment Holdings Inc voted against its proposed executive compensation including that of top boss Adam Aron at the company’s annual shareholder meeting, the theater chain said on…
Santander picks calm insider as CEO to help build bridges
By Jesús Aguado MADRID – A former investment banker and passionate jogger, Santander’s newly-appointed CEO Hector Grisi knows how to bring teams together and motivate staff even as he stands up for…
Judge rules in favor of Aerojet chairman in dispute with company CEO
By Svea Herbst-Bayliss NEW YORK – A Delaware Chancery Court judge on Thursday ruled that Aerojet Rocketdyne CEO Eileen Drake violated a court order by using company resources in a boardroom battle…
Russian truckmaker Kamaz struggles to settle payments due to sanctions, CEO says
(Reuters) – Kamaz, Russia’s largest truckmaker, sees its exports stagnating at last year’s levels or falling slightly as clients shy away from settling payments with the firm after it was hit by…
Russia’s VTB has resources to buy Otkritie, says CEO
(Reuters) – Russia’s VTB Bank has the resources it needs to buy bailed out lender Otkritie Bank, the chief executive of state-controlled VTB said on Thursday, even though Russia’s second biggest lender…
Natura’s CEO steps down in shakeup at Brazil cosmetic maker
By Gabriel Araujo SAO PAULO – Brazil’s Natura & Co Holding SA said on Wednesday that Chief Executive and Executive Chairman Roberto Marques was stepping down in an organizational shakeup, handing over…
GM CEO says ‘we are selling every truck we can build’
By Joseph White DETROIT – General Motors Co Chief Executive Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as…
Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
NEW YORK – Morgan Stanley Chief Executive Officer James Gorman said on Monday that he thinks there is a roughly 50% chance that the U.S. economy will enter a recession, speaking at…
Breaking News
