Union-backing shareholder asks Starbucks to disclose ‘anti-union spending,’ approaches SEC
(Reuters) -A labor union-backing shareholder wrote a letter to the U.S. Securities and Exchange Commission on Friday, saying that Starbucks has failed to disclose costs arising from anti-union campaigns, which was estimated…
Corporate America Second Guessing Woke Policies Amid Backlash, Shareholder Concerns
Amid growing legal challenges and shifting public opinions, several corporations are reassessing their diversity, equity, and inclusion (DEI) practices. Reports from multiple outlets indicate that this reevaluation comes in response to legal…
Japan firms see more listing-related burdens as TSE, shareholder pressure mount – Reuters poll
By Makiko Yamazaki TOKYO (Reuters) – Most Japanese companies feel burdens related to being listed have increased amid growing pressure from shareholders and regulators for better governance and capital strategies, a Reuters…
Origin Energy to delay shareholder meeting on $10.6 billion Brookfield-led bid – source
SYDNEY (Reuters) – Origin Energy will delay a shareholder meeting scheduled for Thursday to vote on a $10.6 billion Brookfield-led consortium bid, according to a person familiar with the situation. The person…
Origin Energy shareholder shows hand and backs $10.5 billion Brookfield bid
By Lewis Jackson SYDNEY (Reuters) – Origin Energy shareholder VanEck Australia will support the $10.5 billion bid from Canada’s Brookfield and EIG, according to a senior executive, one of only a handful…
Alstom’s main shareholder CDPQ welcomes action plan to improve group financials
PARIS (Reuters) – Canadian investment group CDPQ, Alstom’s largest shareholder, on Wednesday welcomed the trainmaker’s action plan to improve its financial situation. “Alstom has undertaken a necessary action plan – both operationally…
Meta shareholder lawsuit over user privacy revived by appeals court
By Jody Godoy (Reuters) – A shareholders’ proposed class action accusing Meta Platforms Inc of concealing sweeping misuse of Facebook users’ data in 2017 and 2018 was revived by a U.S. appeals…
GE must face shareholder lawsuit over accounting, disclosures; judge urges settlement
By Jonathan Stempel NEW YORK (Reuters) – General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and…
Republic First Bancorp postpones shareholder meet as it reviews strategic options
(Reuters) -Republic First Bancorp has postponed its 2022 annual shareholders meeting until Dec. 19 and said it continues to be in talks with parties, including Norcross-Braca Group, to assess potential strategic opportunities,…
Newmont clears regulatory hurdle for Newcrest deal, awaits shareholder vote
(Reuters) -Gold miner Newmont Corp said on Monday it has received a clearance from Australia’s Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia’s Newcrest…
KKR to invest more than $1 billion in USI Insurance to become largest shareholder
(Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to become the largest stakeholder. Private equity firm…
Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – Saudi Arabia’s STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion),…
Allstate to pay $90 million in shareholder settlement
By Jonathan Stempel (Reuters) – Allstate agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the insurer of defrauding them by concealing that it lowered underwriting…
Shareholder Sues Target Over ‘Billions’ Lost After Pride Campaign Backlash
Shareholder Sues Target Over ‘Billions’ Lost After Pride Campaign Backlash Brandon Poulter on August 8, 2023 America First Legal (AFL), a legal activist group, sued the Target Corporation and its board of…
Brazil eyes taxes on shareholder payouts, closed-end funds to balance 2024 budget -sources
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering changes to the taxation of closed-end funds and shareholder payouts in order to shore up revenue in next year’s…
AMC shareholder sues to force company to hold annual meeting
(Reuters) – An AMC Entertainment Holdings Inc. shareholder sued the theater chain in Delaware court on Monday, saying AMC is late in holding its annual meeting where shareholders elect members of the…
Chindata says largest shareholder Bain will not sell stake after rival bid
(Reuters) – Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of its shares in the Chinese data center operator after a rival bid…
Revolution Beauty says it could settle with shareholder Boohoo in coming days
(Reuters) – UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will…
Nikola pushes shareholder meet again as it seeks nod for key proposal
(Reuters) – Electric-truck maker Nikola on Thursday adjourned its annual shareholder meeting for the second time this year, as it could not muster sufficient votes for a proposal to increase the number…
UniCredit CEO says shareholder payouts sustainable as new buyback nears
MILAN (Reuters) – UniCredit can keep rewarding investors at the current pace for at least another two years, its chief executive said on Tuesday as the bank prepared to launch its second…
‘Wrecking Ball’: Support For ‘Woke’ Shareholder Proposals Drops As GOP Fights Back
‘Wrecking Ball’: Support For ‘Woke’ Shareholder Proposals Drops As GOP Fights Back John Hugh DeMastri on June 9, 2023 Shareholders this year have expressed far less support for resolutions pushing companies to…
Oil Giant’s Shareholder Meeting Devolves Into Chaos As Climate Protesters Attempt To Storm Stage
Oil Giant’s Shareholder Meeting Devolves Into Chaos As Climate Protesters Attempt To Storm Stage John Hugh DeMastri on May 23, 2023 Climate activists engaged in more than an hour of protests that…
Diversified Healthcare Trust shareholder pushes for alternatives to OPI merger
By Svea Herbst-Bayliss NEW YORK (Reuters) – One of Diversified Healthcare Trust’s (DHC) largest shareholders is opposing the real estate investment trust’s merger with Office Properties Income Trust (OPI), saying the deal…
Ferrovial says no shareholder opted to divest after approval of Dutch move
MADRID (Reuters) – Spanish construction giant Ferrovial said on Friday that none of its investors took an option to divest after a majority of its shareholders approved a plan to move the…
Joby Aviation to get investment from Tesla shareholder Baillie Gifford
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract…
HSBC top shareholder renews call for breaking up of bank
HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model challenges which…
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