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July 1, 2022

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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......

Toyota says consumer choice dictates pace of electrification

Reuters
TOYOTA, Japan, June 15 (Reuters) – Toyota Motor Corp (7203.T) pushed back against critics who say it has been slow to embrace battery electric vehicles (BEV), arguing it needed to offer a variety of car choices to suit different markets and customers. At its annual general meeting on Wednesday, the......

Elon Musk to address Twitter employees for first time in Town Hall

Reuters
An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register June 13 (Reuters) – Elon Musk will speak to Twitter Inc (TWTR.N) employees this week......

BlackRock extends AGM vote choice to more equity index clients

Reuters
A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register Follows launch of ‘Voting Choice’ programme in October 47% of equity index assets now covered by programme Looking at ways to expand......

Spirit Airlines delays shareholder vote on Frontier deal

Reuters
June 8 (Reuters) – Spirit Airlines Inc (SAVE.N) said on Wednesday it had postponed a shareholder vote on its sale to Frontier Group Holdings Inc (ULCC.O) to June 30 from June 10 after JetBlue Airways Corp (JBLU.O) sweetened a rival offer for the budget carrier. Spirit assessed it did not......

Carrefour has the financial means of its development – CEO

Reuters
The logo of France-based food retailer Carrefour is seen on shopping trolleys in Sao Paulo, Brazil July 18, 2017. REUTERS/Paulo Whitaker Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – Carrefour (CARR.PA), Europe’s largest food retailer, does not need to link up with another group......

Walmart shareholder proposal for report on abortion ban impact fails

Reuters
BENTONVILLE, Ark., June 1 (Reuters) – Walmart Inc (WMT.N) shareholders on Wednesday struck down by an overwhelming margin an activist investor-led proposal asking the retailer to produce a report assessing the impact on its employees if the U.S. Supreme Court rolls back abortion rights. The proposal, made by Clean Yield......

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......

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......

Majority shareholders vote in favor of delisting Didi from New York

Reuters
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Chinese ride-hailing giant Didi Global will delist......

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......

Independent expert backs AGL Energy split plan as Cannon-Brookes builds pressure

Reuters
Demerger in best interest of shareholders – independent expert AGL shares fall as much as 2.4% Mike Cannon-Brookes had bought 11% stake in AGL on May 2 May 6 (Reuters) – AGL Energy’s (AGL.AX) proposed demerger will be in the best interest of its shareholders, an independent expert said on......

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......

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

Reuters
Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody”......

Warren Buffett’s Berkshire all-day meeting to kick off in Omaha

Reuters
OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called ‘Oracle of Omaha’ on everything from corporate governance, potential new......

Airbus urges European leaders to refrain from Russian titanium sanctions

Reuters
The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe/File Photo Register now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – Airbus (AIR.PA) urged Europe on Tuesday not to block imports of titanium from Russia, saying sanctions......

Woodside investors to benefit from $40 bln merger with BHP arm -KPMG

Reuters
The logo for Woodside Petroleum, Australia’s top independent oil and gas company, adorns a promotional poster on display at a briefing for investors in Sydney, Australia, May 23, 2018. REUTERS/David Gray/ Register now for FREE unlimited access to Reuters.com Register Combined group value estimated at $37.2 bln-$42.3 bln Woodside expects......

Amazon faces shareholder vote on treatment of warehouse workers

Reuters
Follows SEC backing for vote after guidance change Filed by retail activist platform Tulipshare LONDON, April 7 (Reuters) – Amazon.com Inc. (AMZN.O), the world’s biggest retailer, will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top U.S. securities regulator turned down......

Musk to join Twitter board, promises ‘significant improvements’

Reuters
April 5 (Reuters) – Tesla Inc (TSLA.O) boss Elon Musk vowed “significant” improvements at Twitter Inc (TWTR.N) on Tuesday, after the micro-blogging site announced plans to name him to the board. The appointment, however, will potentially block chances of a takeover bid from Musk as he cannot own more than......

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