Shares in Japan's Takata suspended after report on bankruptcy plan Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its […]
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Wells Fargo board gets black eye in shareholder vote Wells Fargo & Co (WFC.N) shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. Only three directors received more than 90 […]
Toshiba plans to replace auditor PwC after earnings impasse Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata (PwC) to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. PricewaterhouseCoopers was hired in June last year as part of major […]
China banks miss out on U.S. investment banking bonanza As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks. Despite their deep ties with Chinese firms, the country's largest state-owned banks […]
AT&T revenue misses estimates as customers keep phones longer AT&T Inc's (T.N) quarterly revenue missed estimates due to lower equipment sales as customers held onto phones longer and rival wireless carriers offered new promotions on unlimited data plans, the No. 2 U.S. wireless carrier said on Tuesday. It said it […]
Asian stocks hover near two-year highs on U.S. optimism, euro steady Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy brightened the outlook for risk assets while the euro held on to previous gains as political concerns in France ebbed. […]
Tyson Foods eyes higher wages as U.S. labor market tightens Tyson Foods Inc (TSN.N), the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market. The increases […]
For Wells Fargo directors, narrow wins may not be enough A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co's (WFC.N) leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities. A dozen of the 15 directors […]
Asia stocks near two-year high, euro steady as French vote lifts mood Asian equities hit a near two-year high on Tuesday, buoyed by a jump in risk appetite following the centrist victory in the first round of the French presidential election that also lifted the euro and pressured safe-haven assets. […]
Not an inside job: How two analysts became SEC whistleblowers Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV (OFIX.O) […]
