Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO

[ad_1] Alibaba CEO Eddie Wu to take over cloud unit from Daniel Zhang Move comes months after Zhang chose to focus solely on cloud Analysts raise concerns over potential discord,…

Goldman Sachs nominates former BofA executive Montag to join board

[ad_1] NEW YORK, June 29 (Reuters) – Members of Goldman Sachs’ board nominated former Bank of America executive Tom Montag to join as an independent director, according to a filing…

Unilever starts search for new chair – Bloomberg News

[ad_1] June 5 (Reuters) – Unilever (ULVR.L) is looking for a replacement for Chair Nils Andersen whose term is scheduled to end next year, Bloomberg News reported on Monday, citing…

Petrobras approves new board, paving way for Lula’s strategies

[ad_1] RIO DE JANEIRO, April 27 (Reuters) – Shareholders of Brazil’s Petrobras (PETR4.SA) on Thursday approved new members of the state-run oil firm’s board of directors, a key step for…

ISS urges Pitney Bowes shareholders to back 4 dissident directors in proxy fight

[ad_1] NEW YORK, April 26 (Reuters) – Institutional Shareholder Services on Wednesday recommended that Pitney Bowes (PBI.N) shareholders elect four of the five dissident director candidates investment firm Hestia Capital…

Enel’s CEO candidate aims to cut costs, confirm dividend policy, Bloomberg reports

[ad_1] April 21 (Reuters) – Italy’s biggest utility company Enel SpA (ENEI.MI) plans to accelerate cost-cutting measures and maintain its dividend policy under its new government-proposed management, Bloomberg News reported…

Explainer: Credit Suisse: How did it get to crisis point?

[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump…