Kraft Heinz CEO Patricio to become non-executive chair; Abrams-Rivera to become next CEO
Kraft Heinz says CEO Miguel Patricio will become non-executive chair of its board at the start of the new year, with Carlos Abrams-Rivera stepping into the top spot at the food products company at that time
2023-08-15 01:49
UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:45
Hawaiian Electric Industries shares plunge amid deadly Maui wildfire scrutiny
(Reuters) -Hawaiian Electric Industries' shares plunged nearly 40% to a 13-year low in early trading on Monday amid growing scrutiny
2023-08-15 01:21
Biden administration releases 'legal resources' for colleges in response to Supreme Court's affirmative action decision
The Biden administration is releasing new guidance and "legal resources" for colleges and universities that want to ensure student diversity in the admissions process after the Supreme Court gutted affirmative action in June.
2023-08-15 00:53
Biden says auto workers need "good jobs that can support a family" in union talks with carmakers
President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles
2023-08-15 00:48
Russia's Alrosa reports strong diamond sales despite sanctions
LONDON Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian
2023-08-15 00:47
ADDING MULTIMEDIA John West Appointed VP of Business Development and Strategy at Tyto Athene, LLC
HERNDON, Va.--(BUSINESS WIRE)--Aug 14, 2023--
2023-08-15 00:28
Himachal Pradesh: Almost 50 dead as heavy rains hit Indian state
Torrential rains have led to landslides, cloudbursts and heavy flooding in Himachal Pradesh state.
2023-08-15 00:27
US SEC fines UK firm over bogus audit of music streaming business
The British audit firm Crowe UK, an executive and top auditor have agreed to pay nearly $800,000 to
2023-08-15 00:23
US Steel rejects buyout offer from rival Cleveland-Cliffs
Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.
2023-08-15 00:22
Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds.
2023-08-15 00:22
Union leader: Cleveland-Cliffs is the best strategic buyer of U.S. Steel
By Bianca Flowers CHICAGO The United Steelworkers (USW) international president said on Monday that the union supports North
2023-08-15 00:22