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Google CEO Pichai receives stock grant worth about $199 million
February 9, 2016 by elegant · Leave a Comment
(Reuters) – Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc . Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock's closing price on that date. On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said. (http://1.usa.gov/1PhAHCI). …
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Google CEO Pichai receives stock grant worth about $199 million
Corporate winners of Obama budget still face long odds
February 9, 2016 by publisher · Leave a Comment
By Lewis Krauskopf NEW YORK (Reuters) – Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S…
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Corporate winners of Obama budget still face long odds
Recalled cars create a costly problem for U.S. auto dealers
February 7, 2016 by admin · Leave a Comment
With the recalls affecting Honda vehicles dating back several years, used-car dealers are facing increased pressure. It is legal under federal law to sell used cars with unrepaired safety defects that are subject to recall, but dealers that operate under franchises with manufacturers could be violating those agreements. It is illegal to sell new cars that are subject to a recall under federal law.
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Recalled cars create a costly problem for U.S. auto dealers
As Big Oil shrinks, boards plot different paths out of crisis
February 7, 2016 by admin · Leave a Comment
By Ron Bousso and Terry Wade LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world's top …
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As Big Oil shrinks, boards plot different paths out of crisis
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
February 7, 2016 by creative · Leave a Comment
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby
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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
Prolonged oil slump sparks second wave of cuts to 2016 budgets
February 7, 2016 by admin · Leave a Comment
Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly
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Prolonged oil slump sparks second wave of cuts to 2016 budgets
Volkswagen to offer generous compensation for U.S. customers: paper
February 7, 2016 by publisher · Leave a Comment
Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. Volkswagen in December asked Feinberg — who earlier headed the compensation funds for the…
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Volkswagen to offer generous compensation for U.S. customers: paper
New Jersey sues Volkswagen over excess diesel emissions
February 6, 2016 by elegant · Leave a Comment
New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. New Jersey's acting attorney general, John J. Hoffman, accused VW and its Porsche and Audi units of perpetrating a massive fraud on consumers and violating state clean air laws. VW has admitted installing illegal diesel emissions software to
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New Jersey sues Volkswagen over excess diesel emissions
Canadian love affair with Manhattan real estate seen unabated
February 6, 2016 by elegant · Leave a Comment
By Allison Lampert MONTREAL (Reuters) – Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with …
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Canadian love affair with Manhattan real estate seen unabated
BlackBerry cuts 200 jobs in Ontario and Florida to trim costs
February 6, 2016 by publisher · Leave a Comment
BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. “As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce,” the company said in an emailed statement. The layoffs will affect
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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs