Tag Archives: investors’

Investors slam 'permissive' boardroom culture at Fox

Who is Rupert Murdoch? Scandals at 21st Century Fox have attracted a new group of critics: Investors. CtW Investment Group is pressuring the parent company of Fox News to add more women to its board and conduct a thorough review of the firm’s culture. The demands from the group, whichadvises union pension funds invested in the company, follow a series of scandals at Fox News including allegations of harassment by some of its biggest stars. “The magnitude of the sexual and racial harassment crisis demonstrates a tone at the top ...

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London luxury property is still glitzy for Middle East investors

London mayor: U.K. has no game plan on Brexit The weak pound and falling prices are encouraging Middle East investors to continue to pour millions into London luxury real estate despite concerns about Brexit. “They love London,” said Niccolo Barattieri di San Pietro, CEO of luxury property developer Northacre, which is owned by the Abu Dhabi Financial Group. “They want to send their kids there, they speak the language, they understand the legal system.” Northacre started selling units at The Broadway in London last week. The development consists of 285 ...

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Trump keeps scaring investors away from Iran

Iran expects more big oil deals Iran hoped that agreeing to curtail its nuclear program would encourage foreign firms to pour tens of billions into the country. But a flood of major investment has not materialized — and that’s largely because of the United States. More than two years have passed since Iran signed a landmark nuclear agreement with six world powers including the U.S. The deal allowed Tehran to get a handle on rampant inflation that resulted from years of crippling sanctions, and the country has dramatically boosted its ...

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Under Tillerson, Exxon may have misled investors on climate change, NY claims

Rex Tillerson in 90 seconds The office of New York Attorney General Eric Schneiderman says it has evidence that ExxonMobil misled shareholders about how carbon regulations may impact the company’s business. And possibly even more damaging, the prosecutor says company document indicate that ex-CEO Rex Tillerson, who is now Secretary of State, knew all about it. In documents filed in court Friday, investigators say they found “secret, internal figures” that indicate the company purposefully understated the financial damage that climate change regulations could have on its business, and potentially did ...

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Investors keep calm; Trump's budget; Take-Two tumbles

Click chart for in-depth premarket data. 1. Mourning for Manchester: A deadly attack outside an Ariana Grande concert at Manchester Arena in the U.K. killed at least 22 people, including children. Manchester Police say the bombing was carried out by a lone suspect who died at the scene, but they are still investigating whether the bomber may have been part of a wider network. It was the worst terror attack in the U.K. since the London bombings in 2005 and came less than three weeks before a general election on ...

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Investors take a breather; Cisco looks sick; Walmart earnings

Click chart for in-depth premarket data. 1. Take a deep breath: Investors are taking stock after markets took a big tumble on Wednesday, unnerved by events at the White House. U.S. stock futures are holding steady right now. The Dow Jones industrial average and S&P 500 dropped 1.8% and the Nasdaq was down 2.6% on Wednesday, as a series of scandals engulfing the Trump administration prompted investors to hit the sell button. Trump’s presidency has helped lift stocks for months based on expectations that he’ll cut taxes and regulations and ...

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Samsung to investors: We don't need to change … too much

Samsung’s deep reach into daily life Samsung Electronics likes itself just the way it is. The South Korean tech giant on Thursday rejected pressure from an activist shareholder for a major overhaul of its complicated structure. After a months-long review, Samsung(SSNLF) announced it has decided against switching to a holding structure, saying such a move doesn’t have “clear benefits.” Related: Samsung considers restructuring that could send shares skyrocketing That announcement is a setback for U.S. activist hedge fund Elliott Management, which had argued that changing into a holding company would ...

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Investors backing Juicero and its $400, DRM-laden juicer surprised to discover they were fleeced

Last year, a startup named Juicero came to market with an amazing idea. Americans already like juice — so why not sell them a $ 400, Internet-connected, DRMed juicer that only accepted ridiculously overpriced “juice packs?” Surely there’s no way a product like that could turn out to be a scam, and there’s no way Silicon Valley’s best and brightest could be sucked into dumping money down an emerald-hued, GMO-free drain. Except, of course, it was and they were. Here’s how Bloomberg described the situation: One of the most lavishly funded gadget ...

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Investors call for Tesla changes. Musk tells them to buy Ford

Inside Tesla’s enormous battery factory Elon Musk has some sharp words for shareholders who want changes to Tesla’s board of directors: buy Ford shares instead. The Tesla CEO used Twitter to fire back at a group of investors who called for the electric car maker’s board to add two new directors who have no ties to Musk. Musk responded to a Reuters article about a letter from the group, which said new independent directors are needed to “provide a critical check on possible dysfunctional group dynamics.” “This investor group should ...

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Investors watch trade data; Earnings due; Stocks slip

Click chart for in-depth premarket data. 1. Economics in focus: There are plenty of economic puzzle pieces to put together on Tuesday. The U.S. Census Bureau will release its trade balance report for January at 8:30 a.m. ET. The numbers are expected to show the U.S. trade deficit with the rest of the world widened to about $ 49 billion from $ 44.3 billion, meaning the country was importing more than it was exporting. Looking further afield, a new report shows the eurozone economy grew by 1.7% in the fourth ...

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