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…
HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with…
Nike faces shareholder proposal on human rights
By Katherine Masters NEW YORK (Reuters) – Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday,…
US pharmacy chain CVS to bolster customer privacy protection after shareholder push
(Reuters) – CVS Health Corp will enhance its data privacy disclosures following a shareholder proposal that asked the pharmacy chain to address concerns around threats to customers’ reproductive health data, Arjuna Capital…
Apple Investors Reject Shareholder Proposal To Audit ‘Inclusion’ And ‘Diversity’ Policies
Apple Investors Reject Shareholder Proposal To Audit ‘Inclusion’ And ‘Diversity’ Policies Jason Cohen on March 10, 2023 Apple’s shareholders rejected a proposal by the National Center for Public Policy Research (NCPPR) at…
AMC shares up as judge sets April hearing in shareholder case
(Reuters) – AMC Entertainment Holdings Inc will face an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares, a Delaware chancery court judge ruled on…
Hedge fund lobby group supports shareholder rights in Masimo case
By Svea Herbst-Bayliss NEW YORK (Reuters) – The hedge fund industry trade association MFA on Thursday backed an activist investment firm’s push to reverse “draconian” amendments to medical device company Masimo Corp’s…
Capricorn CEO quits board, NewMed merger in balance after shareholder battle
By Muhammed Husain and Shadia Nasralla (Reuters) -Capricorn Energy’s chairperson, chief executive and three other directors have quit the board after weeks of shareholder pressure, led by activist investor Palliser Capital, to…
UniCredit CEO says 2022 shareholder payout could top 2021
MILAN (Reuters) – Italy’s UniCredit may have room to pay out more to shareholders from 2022 earnings than the year before, potentially adding to rewards that were already among the most generous…
TUI boss: we are open to a big shareholder
BERLIN (Reuters) – Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow’s invasion of Ukraine, Chief Executive…
TIM’s top shareholder Vivendi leaves board seat as it seeks governance changes
PARIS/MILAN (Reuters) – Telecom Italia (TIM) said its biggest shareholder Vivendi on Monday relinquished its board seat, as Italy’s new government weighed options to take control of the debt-laden former phone monopolist’s…
Turquoise Hill delays shareholder meet on $3.3 billion Rio Tinto buyout
(Reuters) – Canadian miner Turquoise Hill Resources Ltd said on Tuesday it would delay by a week to Nov. 8 a special shareholder meeting to vote on a proposed takeover by Rio…
Credit Suisse confirms shareholder meeting for capital hike
ZURICH (Reuters) – Credit Suisse Group AG on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a proposed capital increase. The embattled bank is…
No plans to oust Mediaset Espana CEO, top shareholder says
(Rewords 2nd paragraph) MILAN (Reuters) – The top investor of Mediaset Espana has no plan to oust Paolo Vasile from the role of CEO at the Spanish broadcaster, a spokesperson for MediaforEurope…
Shareholder, regulator pushback ended UBS-Wealthfront deal, SonntagsZeitung reports
ZURICH (Reuters) – Resistance from shareholders and United States regulators torpedoed Swiss bank UBS’s $1.4 billion bid for U.S. digital wealth management group Wealthfront, Swiss paper SonntagsZeitung reported, citing bank sources it…
AGL Energy’s top shareholder nominates four new board members
(Reuters) -AGL Energy’s top shareholder, Grok Ventures, nominated four additional directors to the Australian power producer’s board on Wednesday, a day before the company is scheduled to spell out plans for a…
Faraday Future reaches agreement with shareholder, Chairperson Swenson to step down
(Reuters) – Faraday Future Intelligent Electric Inc said on Monday the electric-vehicle startup had reached an agreement with its largest shareholder to resolve a governance dispute, adding that Sue Swenson will step…
Deutsche Bank in $26.3 million shareholder settlement over Epstein, Russian oligarch ties
By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with…
Faraday Future shareholder sues EV startup for removal of two directors
(Reuters) – Faraday Future Intelligent Electric shareholder FF Top Holding has sued the electric vehicle startup seeking the removal of two board members, according to a court filing, escalating the battle for…
Franklin discussed GIM vote with shareholder -court filings
(Reuters) – The operator of the Templeton Global Income Fund early this year discussed plans with its second-largest investor that made it more difficult for the fund’s largest investor to wrest control…
Spain’s Abengoa wins dismissal of U.S. shareholder lawsuit alleging fraud
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit by Abengoa SA shareholders accusing the Spanish engineering and energy company of conducting a massive accounting fraud…
EV startup Faraday Future refutes claims made by top shareholder
(Reuters) – Faraday Future Intelligent Electric Inc on Monday refuted claims made by the electric vehicle startup’s largest shareholder regarding its rights as a stakeholder. Earlier this month top shareholder FF Top…
Energy bonanza drives shareholder payouts to new record
By Lucy Raitano LONDON (Reuters) – Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record…
Aussie coal miners eye record profits, shareholder returns as prices surge
By Tejaswi Marthi and Harish Sridharan (Reuters) – Australia’s biggest listed coal miners are expected to report record annual profits this week, underpinned by soaring commodity prices, even as they grapple with…
Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News
(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday. Harris Associates…
HSBC urged to appoint shareholder Ping An to its board
By Selena Li HONG KONG – A Hong Kong politician has urged HSBC spin off its Asia business and appoint representatives of Chinese insurer Ping An to its board, as the global…
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