(Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to $22.6 million, a regulatory filing showed on Friday. Facebook has in the past few years faced public outcry over its role in Russia’s alleged influence on the 2016 U.S. presidential election and has come under fire following revelations that […]
SINGAPORE – After nine years as a housekeeper at Resorts World Sentosa, Madam Saadiah Martawi, 56, is no stranger to the hard work needed to clean up after guests who leave a complete mess in their rooms. While her job may be tough now, it looks set to be more demanding in the near future, […]
A man must pay €245,000 to buy out his brother in a dispute over the running of a former drilling company they jointly owned, the High Court ruled. The ruling arose out of a failure to honour an agreement a year ago to settle the dispute between Noel and Leo Hilliard over their former Hilliard […]
Chevron, the American oil giant, announced on Friday a $33 billion deal to acquire Anadarko Petroleum, a medium-size United States company with domestic and international oil and gas fields. Chevron said it would pay $65 in cash and stock for each Anadarko share, which is a 39 percent premium over Thursday’s closing price. The deal […]
(Reuters) – General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. investigation into defective subprime mortgages offered by its former WMC Mortgage unit prior to the 2008 global financial crisis. The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of […]
(Reuters) – PNC Financial Services on Friday said it expects second-quarter net interest income and fee revenue to be higher than first quarter, sending its shares up 2.3 percent in morning trading. Second-quarter interest income is expected to rise in low-single digits, and fee income in mid-single digits, the bank said on a post-earnings conference […]
NEW YORK (Reuters) – (Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate) Hundreds of reporters and photographers pressed up against steel barriers last week to get a glimpse of Tesla Inc Chief Executive Elon Musk at Manhattan’s downtown federal courthouse. Three Reuters photographers used two […]
CRH has hired Bank of America to launch the sale of its European distribution business in a deal valuing the unit at about €2bn including debt, sources familiar with the matter said. Shares closed up 0.20pc at €29.13 each after the news yesterday. At the end of February, CRH management had said a strategic review […]
(Reuters) – California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities, while holding the state’s largest utility more accountable for the growing number of blazes in the state. The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares soaring nearly […]
Rabobank has agreed the sale of its remaining stock of Irish loans to distressed debt investors Goldman Sachs, CarVal and Cabot for €800m. It is understood the loans are a mix of residential mortgages, farm loans, business debt and consumer credit, and have been sold at a steep discount. The face value of what’s owed […]