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February 5, 2023

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Investor Legal & General backs activist in Exxon proxy battle

June 1, 2021May 26, 2021 - by peekinzcom

Britain’s biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund’s board slate at Exxon Mobil’s shareholder meeting later this month, fueling a …

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Business

Weak cash flow lays bare Thyssenkrupp’s long road to recovery

May 31, 2021May 26, 2021 - by peekinzcom

Thyssenkrupp’s closely watched cash flow plunged deeper into the red in the second quarter, hit by restructuring costs and investments that overshadowed a guidance upgrade on the back of stronger …

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Business

British Airways owner IAG boosts liquidity with 825 mln euro convertible bond

May 30, 2021May 26, 2021 - by peekinzcom

British Airways-owner IAG said on Tuesday it would raise 825 million euros ($1 billion) from a convertible bond, the group’s latest move to strengthen its balance sheet as travel remains …

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Business

Siemens chairman favours organic growth over big buys

May 29, 2021May 26, 2021 - by peekinzcom

Siemens Chairman Jim Hagemann Snabe favours organic growth over big acquisitions, he tells Germany’s Frankfurter Allgemeine newspaper in an interview to be published on Wednesday. “Of course, you always look …

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Business

2 Tech selloff in focus as Nasdaq backs further away from record highs

May 28, 2021May 26, 2021 - by peekinzcom

Wall Street’s main indexes tumbled on Tuesday, with the Nasdaq opening down 2% before steadying a bit, as technology-related stocks with lofty valuations extended losses amid worries over inflation. STORY: …

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Business

Airlines see sustained cargo boost supporting recovery

May 27, 2021May 26, 2021 - by peekinzcom

Robust air cargo demand should remain a bright spot for the airline industry as international travel gradually recovers from the coronavirus crisis, industry body IATA said on Tuesday. “Cargo will …

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Business

EBay taps into NFT frenzy, allows sale on platform

May 26, 2021 - by peekinzcom

Ebay Inc on Tuesday allowed the sale of non-fungible tokens for digital collectibles like trading cards, images or video clips on its platform, the first e-commerce company to tap into …

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