Commutee

Campbell Soup CEO sees no room for concessions to Third Point

October 18, 2018 by  

Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.


Source: Reuters Business News

Casino confident on disposal plan, third-quarter sales accelerate

October 18, 2018 by  

French retailer Casino , which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter.


Source: Reuters Business News

Senator Warren urges Fed to require removal of Wells Fargo CEO

October 18, 2018 by  

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.


Source: Reuters Business News

Third Point video urges retail investors to replace Campbell Soup board

October 18, 2018 by  

Activist investor Daniel Loeb turned up the heat on Campbell Soup Co on Thursday with a video aimed at persuading retail investors to vote with his hedge fund Third Point LLC to replace the food company’s entire board of directors.


Source: Reuters Business News

Despite Trump criticism, Fed policymakers see need for more rate hikes

October 17, 2018 by  

Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting.


Source: Reuters Business News

Tesla's vice president of manufacturing departs: Business Insider

October 17, 2018 by  

Tesla Inc’s vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported on Wednesday, citing a source familiar with the situation.


Source: Reuters Business News

Musk to buy $20 million in Tesla stock

October 17, 2018 by  

Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.


Source: Reuters Business News

GE to pay penalty if falls short of French job pledges: ministry

October 17, 2018 by  

General Electric’s new CEO told France’s finance minister on Wednesday that it would stick to his predecessor’s French job pledges or pay a penalty, the Finance Ministry said.


Source: Reuters Business News

Wall St. indexes down in choppy trade after Fed minutes

October 17, 2018 by  

Wall Street’s three major indexes were lower on Wednesday after the Federal Reserve released minutes from its September meeting that showed broad agreement for the last rate hike and expectations that borrowing costs were set to rise further.


Source: Reuters Business News

Big U.S. banks end third quarter on high note

October 16, 2018 by  

Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.


Source: Reuters Business News

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