Blizzard-hit SoftBank launches buyback after $10 bln Vision Fund loss
SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
NDB Bank: Pioneers in providing innovative financial solutions for Sri Lanka’s national development
NDB’s vision is “to be the driving force for a financially empowered Sri Lanka”, supported by the mission “to be the catalyst in the financial services industry by creating superior shareholder value and contributing to the national development through the empowerment of individuals with innovative financial solutions delivered by an inspired and dedicated team committed to excellence”.
Explainer: The regulatory and legal headwinds facing Robinhood
WASHINGTON, July 1 (Reuters) – Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory attention could be a turn off for some potential investors. […]
Toshiba CEO Tsunakawa named interim chairman after investors oust Nagayama
TOKYO, June 25 (Reuters) – Toshiba’s (6502.T) board appointed CEO Satoshi Tsunakawa as interim chairman on Friday after investors voted to oust his predecessor in a stunning rebuke for its collusion with the Japanese government against shareholders. Tsunakawa’s appointment came after shareholders delivered a clear message to management by voting out Osamu Nagayama as chairman and another […]
Analysis: Bank of America leaves Wall Street wondering about next CEO
When Brian Moynihan took the reins at Bank of America Corp (BAC.N) in 2010, the U.S. bank was reeling.
Shyness did not keep dressbarn co-founder from big retail leaps
NEW YORK (Reuters) – When Roslyn Jaffe and her husband decided to start the first dressbarn store in the early 1960s, it was a retail experiment. Discounting was new to the industry, but the Jaffes decided to try it out with one store in Stamford, Connecticut. Elliot kept his day job at Macy’s while Roslyn […]
Henry says Spotify CEO Ek contacted Arsenal owners for takeover offer
Spotify (SPOT.N) CEO and founder Daniel Ek has contacted Arsenal owner Stan Kroenke’s family to make an offer to buy the Premier League club but a takeover could be drawn out, former France international Thierry Henry said. Ek said last week he had secured the funds to buy Arsenal, valued at $2.8 billion according to Forbes. British […]
AstraZeneca’s Soriot: we didn’t overpromise on COVID-19 vaccine supplies
AstraZeneca (AZN.L) Chief Executive Pascal Soriot said on Friday the drugmaker had not overpromised on the supply of COVID-19 vaccines around the world, as he defended big cuts in deliveries that prompted a lawsuit by the European Union. The European Commission has launched legal proceedings against the Anglo-Swedish drugmaker for not respecting its contract for the supply […]
How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift
Gamestop Corp (GME.N) chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year’s furious meme stock rally, compensation experts said. GameStop said on Monday that Sherman would step down by July 31. The struggling U.S. videogame […]
