(Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger’s board to replace CEO Rodney McMullen following the company’s announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons. The UFCW local unions that led the “Stop the Merger coalition” argued that the “abrupt” and “massive” […]
T-Mobile announces $14 billion share buyback program
(Reuters) -U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders. Telecom companies such as Verizon, AT&T and T-Mobile are among the top […]
VW’s top shareholder Porsche SE to write down up to 20 billion euros on investment
BERLIN (Reuters) -Top Volkswagen shareholder Porsche SE <PSHG_p.DE> expects to write down 7 billion to 20 billion euros ($20.98 billion) on its investment, it said on Friday, in the latest sign of how VW’s cost crisis has shaken investor faith in the carmaker. It also expects an impairment on its investment in luxury carmaker Porsche […]
US House panel finds BlackRock, other asset managers leery of joining climate initiative
By Isla Binnie and Ross Kerber NEW YORK / BOSTON (Reuters) – Top U.S. asset managers worried that signing up to an industry climate initiative could make them appear to be working too closely together and draw regulatory scrutiny, according to a report released Friday by a Republican-led U.S. Congressional Committee. The report is the […]