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…
Biogen CEO to leave as Alzheimer’s drug struggles
(Reuters) – Biogen said on Tuesday its Chief Executive Michel Vounatsos will step down, with the drugmaker adding it would scale down its sales infrastructure for the controversial Alzheimer’s drug Aduhelm. Below…
CEO of Berkshire’s Dairy Queen eyes China and India for growth, upgrades menu
By Jonathan Stempel OMAHA, Neb. – Dairy Queen is looking to China and perhaps India to fuel growth, while counting on a revamped burger menu to bring in more American and Canadian…
Norway wealth fund unable to sell Russian stocks now, CEO says
OSLO – Norway’s sovereign wealth fund is currently unable to sell its portfolio of Russian stocks as the market for such assets is not functioning and many firms are on global sanctions…
No let off to oil prices as Russia barrels disappear from market – BP CEO
LONDON – BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double, Chief Executive…
Truth Social app to be available via web browser ‘end of May’ – CEO
By Helen Coster (Reuters) – Former U.S. President Donald Trump’s Truth Social app will launch on a web browser at the end of May, Chief Executive Devin Nunes said on Monday. In…
Cuervo parent Becle expects supply problems to persist, CEO says
(Reuters) – Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, expects to see more supply chain problems this year, the company’s chief executive said…
Arm dismisses China unit’s opposition to CEO change
By Brenda Goh and Jane Lanhee Lee SHANGHAI -Arm Ltd said on Friday a change in leadership at its Chinese joint venture fully complied with local laws, after concerns were raised about…
Mercedes looking at energy options should Russia turn off the gas -CEO
By Nick Carey LONDON – Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s top executive…
Carlsberg CEO says Polish beer sales drop amid Ukraine refugee crisis
COPENHAGEN – Carlsberg said its beer sales in Poland fell by 3-4% in March and have continued to drop in April, underlining the troubles facing brewers in a market which has been…
Port of Antwerp overcoming loss of Russian shipping export trade -CEO
By Jonathan Saul LONDON – The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighbouring Port of Zeebrugge is set to boost overall volumes…
COLOMBIAN AUTHOR AND CEO OF IVOICE COMMUNICATIONS ADRIANA ARISTIZÁBAL RELEASES THE SPANISH VERSION OF HER BOOK AT THE 34TH ANNUAL INTERNATIONAL BOOK FAIR HELD IN BOGOTÁ
COLOMBIAN AUTHOR ADRIANA ARISTIZÁBAL RELEASES THE SPANISH VERSION OF HER BOOK AT THE 34TH ANNUAL INTERNATIONAL BOOK FAIR Tweet this In her book, Caught in the Storm of War: Memoirs of a…
Former Luxottica CEO Guerra to leave LVMH, keep advisory role
MILAN – Andrea Guerra, the former chief executive of Italian eyewear giant Luxottica, is leaving LVMH after leading its hotel business over the past two years, the French luxury goods group said…
Global tax overhaul will not slow Google’s investment in Ireland, CEO says
DUBLIN – A global tax deal will make “no difference” to Alphabet Google’s operations in Ireland as the company remains committed to investing and adding staff to its European hub there, Chief…
Hungary’s OTP Bank “pressured” by Ukraine to sell Russian unit, CEO says
BUDAPEST – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where the bank is also present, to sell its Russian unit, Chief Executive Sandor…
Boeing CEO knocks planemaker’s deal with Trump on Air Force One
By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE – Boeing said Wednesday it recorded a $660 million charge in its development of Air Force One as its chief executive questioned the planemaker’s…
Generali shareholder showdown to decide CEO Donnet’s fate
By Gianluca Semeraro and Valentina Za MILAN – Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in…
Generali investor Benetton to vote for alternative CEO candidate – paper
ROME – Italy’s Benetton family, a shareholder in insurer Generali, has decided to vote for the slate of candidates submitted by a challenger investor and not in favour of current management, daily…
GE CEO sees inflation a headwind for company in 2022
CHICAGO – General Electric Co Chief Executive Larry Culp said the company is not expected to fully offset soaring costs this year despite price increases. The comments came after the Boston-based industrial…
Citigroup CEO: covering employee travel costs for abortions not statement on ‘sensitive issue’
NEW YORK – Citigroup Chief Executive Jane Fraser said Tuesday that the bank’s policy of reimbursing employee travel to get reproductive healthcare services, including abortions, is not intended to be “a statement…
Twitter CEO set to receive $42 million if terminated after Musk deal
(Reuters) – Twitter Inc CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to…
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender VTB Andrey…
Mexico banking institution Banorte in talks with Citibanamex- Banorte CEO
(Reuters) – Mexican banking institution Banorte is in talks with Citigroup Inc’s Mexican consumer banking business Citibanamex for the sale of its assets, Banorte chief executive Marcos Ramirez Miguel said Thursday. Ramirez…
Marathon Petroleum CEO Hennigan to remain on job during cancer treatment
HOUSTON -Marathon Petroleum Chief Executive Michael Hennigan said on Thursday he will continue leading the largest U.S. crude oil refiner while he undergoes treatment for throat cancer, according to a letter released…
Nestle CEO says growth target conservative, margin more challenging
ZURICH – Nestle’s organic growth target of around 5% this year is “conservative” while the margin target has become more challenging due to inflationary pressures, the food group’s chief executive said on…
Facing shareholder showdown, Generali CEO says can deliver on plan
By Gianluca Semeraro and Valentina Za MILAN – Generali boss Philippe Donnet, facing a challenge to his leadership from rebel investors, is confident he can deliver on his plans for the Italian…
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