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Germany to overhaul law to bail out energy firms stricken by Russia woes – draft

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Government could present proposals to parliament this week Government may acquire stake in Uniper: sources Possible Uniper bailout......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

EXCLUSIVE CVC explores $2 billion sale of software firm VelocityEHS -sources

Reuters
June 10 (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment......

Stellantis unit pleads guilty, will pay $300M in U.S. diesel probe

Reuters
June 3 (Reuters) – The U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday and will pay about $300 million in a plea agreement to resolve a multi-year U.S. Justice Department diesel emissions fraud probe, court documents show. FCA US LLC, now part of Stellantis (STLA.MI),......

U.S. charges Stellantis unit in diesel emissions probe

Reuters
Stellantis logo is seen on the company’s headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 2 (Reuters) – The Justice Department on Thursday charged the U.S. business of Fiat Chrysler Automobiles with criminal conspiracy......

Countryside’s shareholder aims possible $1.9 bln offer for UK homebuilder

Reuters
May 30 (Reuters) – San Francisco-based investor Inclusive Capital (In-Cap) said on Monday it is looking to engage with Countryside Partnerships (CSPC.L) for a possible takeover offer valuing the British housebuilder at about 1.47 billion pounds ($1.86 billion). In-Cap, the third-largest shareholder in Countryside with a 9.2% stake, said it......

Amazon investor proposal to review plastic use narrowly fails to clear

Reuters
The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register May 27 (Reuters) – Amazon.com Inc’s (AMZN.O) investor-led proposal to review its use of plastic won 49% support even as......

U.S. SEC unveils rules to ensure ESG funds’ investments fall in line with their names, policies

Reuters
WASHINGTON/BOSTON, May 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to propose a pair of rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposals, which......

Amazon.com faces record challenges at shareholder meeting

Reuters
Potential job applicants line up to register for “Amazon Jobs Day,” a job fair being held at 10 fulfillment centers across the United States aimed at filling more than 50,000 jobs, at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., August 2, 2017. REUTERS/Brian Snyder/File Photo Register now for......

Shareholders back Shell’s climate strategy after raucous meeting

Reuters
LONDON, May 24 (Reuters) – Shareholders backed Shell’s (SHEL.L) climate strategy in a meeting on Tuesday that was disrupted by dozens of climate protesters, while a climate activist proposal from the Follow This group received fewer votes than last year. It followed a Dutch court ruling in May 2021, telling......

Euronav shareholders signal support for Frontline merger

Reuters
May 19 (Reuters) – Belgian oil tanker and storage operator Euronav (EUAV.BR) said on Thursday it had received “a clear signal” from shareholders in support of its proposed $4.2-billion merger with smaller Oslo-listed rival Frontline (FRO.OL). Since the announcement on April 7 of the planned merger, Euronav has clashed with......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Reuters
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of......

Britain to shake up audit market after Carillion crash

Reuters
A combination of file pictures shows logos of accounting firms PwC, Deloitte, KPMG and EY. REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 10 (Reuters) – Britain set out long-awaited plans on Tuesday for a new accounting watchdog to shake up the audit market four......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

U.S., Chinese regulators in talks for audit deal -sources

Reuters
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 6 (Reuters) – U.S. and Chinese regulatory officials are in talks to settle a long-running dispute over the......

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Reuters
May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension......

Activist firm Elliott pushes Western Digital to split its businesses

Reuters
May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business. New York-based Elliott, one of the world’s most prominent activist investors, argued in a letter......

HSBC shares edge up after top shareholder urges bank’s break-up

Reuters
SINGAPORE, May 3 (Reuters) – Shares in HSBC Holdings rose in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a break-up of the London-headquartered bank. Sources familiar with the situation said on Friday Ping An had urged HSBC to look at......

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