Category: Business

Toshiba Corp shareholders should vote in favour of a proposed independent investigation into allegations that investors were pressured ahead of last year’s annual general meeting, an influential proxy adviser has recommended. The recommendation has the potential to tip the balance of power towards Effissimo Capital Management and other activist shareholders in their long-standing row with […]

Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger companies such as Peet’s and […]

A sharp spike in bond yields last week caught some hedge funds unaware, and saw macro and long-short funds in general give back February profits to end the month modestly up, several market participants said. Hedge funds, which target returns that outperform the markets, take positions in a variety of assets such as bonds, currencies […]

Boeing Co has raised concerns over the design of arch-rival Airbus’ newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks. The U.S. plane giant’s intervention is not without precedent in a global system that regularly allows manufacturers to chime in whenever safety rules are being interpreted in a […]

Employees at General Motors, Toyota Motor, Target Corp, and Macy’s Inc in Texas will keep face masks on at work, the companies said on Tuesday, even as the U.S. state lifted most of its coronavirus curbs allowing businesses to reopen at full capacity as of next week. Japanese carmaker Toyota, which has its U.S. headquarters […]

Mining giant Rio Tinto Ltd destroyed two ancient and sacred rock shelters in the Pilbara region of Western Australia as part of an iron ore mine expansion last May. The blasts, while legal, deeply distressed the traditional owners and led to a public outcry and a national inquiry, ultimately costing three top executives and two […]

Cyber security company Avast said demand for its products surged in the second quarter of 2020 as people shifted to working from home in the pandemic, helping it to meet expectations for revenue and earnings growth. The London-listed group reported revenue of $892.9 million for 2020, up 7.1% on an organic level, and core earnings […]