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Corporate news

Biden-Harris new regulations would target corporations that waste consumers time

by Vera Ward
Biden-Harris new regulations would target corporations that waste consumers time

U.S. President Joe Biden attends a press conference during NATO’s 75th anniversary summit, in Washington, U.S., July 11, 2024.  Leah Millis | Reuters The Biden Administration on Monday unveiled a …

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Toyota shareholders vote for chairman’s re-election

by Walter Watson
Toyota shareholders vote for chairman’s re-election

Toyota Motor shareholders backed Chairman Akio Toyoda and nine other members of the automaker’s board on Tuesday, despite concerns about governance raised by two leading proxy advisers. Ralph Orlowski |Getty …

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U.S. to award Samsung up to $6.6 billion chip subsidy for Texas expansion: Reuters

by Walter Watson
U.S. to award Samsung up to .6 billion chip subsidy for Texas expansion: Reuters

The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to expand its chip output in Taylor, Texas, as it seeks …

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Disney reportedly poised to claim victory in bitter Peltz board fight

by Walter Watson
Disney reportedly poised to claim victory in bitter Peltz board fight

Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management, people familiar with the matter said …

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UOB revises down 2024 loan growth, Q4 profit beats forecasts

by Walter Watson
UOB revises down 2024 loan growth, Q4 profit beats forecasts

A customer uses an ATM at an United Overseas Bank Ltd. (UOB) branch in Singapore, on Thursday, Feb. 23, 2023. Bloomberg | Bloomberg | Getty Images Singapore’s United Overseas Bank, or …

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Huawei forecasts 9% revenue growth in 2023 as smartphone sales surge

by Walter Watson
Huawei forecasts 9% revenue growth in 2023 as smartphone sales surge

Photo taken on August 20, 2023 shows the Huawei exhibition area at the 2023 China (Nanjing) International Software Products and Information Services Trade Fair in Nanjing, Jiangsu province, China. Costfoto …

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Alibaba CEO Eddie Wu warns of being ‘displaced’

by Edgar Davis
Alibaba CEO Eddie Wu warns of being ‘displaced’

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba needs …

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Country Garden wins bond extension, relief for China’s property sector

by Walter Watson
Country Garden wins bond extension, relief for China’s property sector

People pass by the Country Garden Community in Fuyang, China on Sept. 3, 2023. Future Publishing | Future Publishing | Getty Images Country Garden has won approval from its creditors to extend …

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BHP posts record full-year iron ore output, flags rising costs

by Walter Watson
BHP posts record full-year iron ore output, flags rising costs

BHP Group’s logo adorning the side of its global headquarters in Melbourne on February 21, 2023. William West | AFP | Getty Images BHP Group on Thursday reported its highest ever annual iron ore production, …

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