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…
Finnair to adapt and shrink after Russian airspace closure, CEO tells Bloomberg
HELSINKI – Finland’s national carrier Finnair, hit hard by the closure of Russian airspace, plans to shift its focus away from Asia travel and reduce the size of its operations, the chief…
Former Tungsten Heavy Powder & Parts CEO Pleads Guilty to Conspiring to Export United States Defense Articles including to The People’s Republic of China
For Further Information, Contact:Assistant U.S. Attorneys Kareem A. Salem (619) 546-8904 and John Parmley (619) 546-7957 SAN DIEGO – Joe Sery, former owner and chief executive officer of Tungsten Heavy Powder &…
StanChart CEO sees shallow and short recession by early 2023
By Divya Chowdhury MUMBAI – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in a “relatively…
Mercedes-Benz CEO rules out possibility of Chinese blocking minority -Handelsblatt
BERLIN – Mercedes-Benz CEO Ola Kaellenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority, in an interview with German daily Handelsblatt on…
Shopify shareholders give CEO 40% voting stake – source
(Reuters) – Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke’s 40% voting stake, a source told Reuters, citing preliminary results from the e-commerce firm’s…
Dr Chris Senanayake of TCG GreenChem Inc Wins Two Business Worldwide Magazine CEO Awards
The awards seek to identify and honour the Most Respected C-level executives across the globe, from a variety of different sectors. They do not focus on a company’s success, as many do, but instead…
Douglas Elliman Welcomes Rick Moeser as CEO, Business Development
Veteran International Luxury Real Estate Executive Will Lead Efforts to Expand and Identify New Markets, Agents, Agent Teams and Business Opportunities for the Brokerage. NEW YORK , June 2, 2022 — Douglas Elliman…
Delta CEO says airline trying to reach deal with Boeing
NEW YORK – Delta Air Lines Chief Executive Officer Ed Bastian said on Wednesday it was still trying to reach an aircraft deal with Boeing Co. Reuters reported in March that Boeing…
United Airlines CEO says air fares are returning to normal levels
CHICAGO – United Airlines Chief Executive Scott Kirby on Wednesday said air fares are returning to normal levels following the pandemic lows and there is “not a hint of evidence” that rising…
Ford may slash ad spending, revamp dealers to boost EV profit, CEO says
By Paul Lienert and Ben Klayman (Reuters) – Ford Motor Co needs to overhaul its century-old business model – from slashing advertising spending to reworking its dealer network – if it is…
Wells Fargo CEO sees $1 billion opportunity in growing investment bank
By Elizabeth Dilts Marshall and Niket Nishant NEW YORK – Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’ corporate and investment banking business on…
Rimac raises $537 million in new funding round, CEO talks potential IPO
BERLIN – Rimac has raised 500 million euros ($537 million) in a new funding round, it said on Wednesday, but the Croatian carmaker’s chief executive cautioned sales would have to be twice…
Former CEO Indicted for Misleading Investors About COVID-19 Rapid Test Kits
NEWARK, N.J. – The former chief executive officer of a publicly traded health care company was charged in an indictment filed today with two counts of securities fraud in connection with his…
Leonardo shareholders reject liability action against CEO
By Giulia Segreti ROME -Shareholders in Italy’s Leonardo on Tuesday rejected a proposal by activist investor Bluebell Partners to start a liability action against the defence group’s chief executive Alessandro Profumo. “The…
UniCredit CEO rules out reopening of Monte dei Paschi talks
ROME – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The negotiations are…
Nestle CEO does not see ‘significant’ baby formula shortages outside U.S.
ZURICH – Nestle does not expect “significant infant formula shortages” in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday. “This…
Volkswagen CEO defends operations in China’s Xinjiang, Handelsblatt reports
BERLIN – Volkswagen plans to continue operations at its plant in China’s Xinjiang region despite reports of human rights violations there, the chief executive said in comments published by the Handelsblatt newspaper…
Former CEO of defunct medical testing laboratory sentenced to prison for medical kickback scheme
Seattle – The former Chief Executive Officer of Northwest Physicians Laboratory (NWPL) was sentenced today in U.S. District Court in Seattle to two years in prison and $7.6 million in restitution for…
How Broadcom CEO Tan shaped a tech giant through acquisitions
By Krystal Hu and Jane Lanhee Lee (Reuters) – Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition. Tan…
Bank Ceo Convicted For Taking Bribes In Connection With Loans Guaranteed By The Small Business Administration
Damian Williams, the United States Attorney for the Southern District of New York, announced today the conviction of EDWARD SHIN, then-CEO of a Pennsylvania-based bank (the “Bank”), for taking bribes in connection…
Petrobras shares drop following CEO ouster, fuel price woes
By Gabriel Araujo, Lisandra Paraguassu and Gram Slattery SAO PAULO – Shares of Brazil’s state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the second time…
L’Oreal CEO says no inflation impact so far on beauty product consumption
DAVOS, Switzerland – French cosmetics group L’Oreal is not so far seeing any impact from inflation on purchases of beauty products, its chief executive told Reuters on Tuesday. “So far we see…
Former CEO Of NYC Non-Profit Sentenced To Prison For Honest Services Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that VICTOR RIVERA was sentenced today to 27 months in prison for conspiring to commit honest services fraud.…
AMERICAN DAIRY ASSOCIATION NORTH EAST ANNOUNCES NEW CEO
Prior to being named CEO, Chrisman held senior leadership positions in Retail Marketing, Producer Relations, School Marketing, Processor Relations, and Hunger Relief. His passion for the dairy industry extends beyond the job.…
UBS CEO says clients on sidelines amid market volatility
ZURICH – Clients are tending to keep to the sidelines amid market volatility, UBS Chief Executive Ralph Hamers told broadcaster CNBC in an interview on Monday. “You see that clients are not…
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