CEO Financial News

The nation’s chief accident investigator says she's gone to the top of Boeing — the company's CEO — and still can't get answers about who worked on the panel that blew off a jetliner in January

The Environmental Protection Agency is imposing stricter limits on a chemical used to sterilize medical equipment after finding a higher-than-expected cancer risk at facilities that use ethylene oxide to clean billions of devices including catheters an...

Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84

America's first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms

Stocks that traded heavily or had substantial price changes on Thursday: Under Armour, Lennar fall; Dick’s Sporting Goods, Robinhood Markets rise

Elon Musk has abruptly canceled “The Don Lemon Show” a talk show on his social media network, X

Satoshi Nakamoto: The enigmatic creator of Bitcoin, Satoshi Nakamoto, is perhaps the most influential crypto whale of all time. With an estimated stash of over one million Bitcoins mined in the early days of the cryptocurrency, Nakamoto's holdings remain untouched, making them one of the largest concentrations of wealth in the crypto world. While Nakamoto's identity remains unknown, their actions, or lack thereof, continue to impact Bitcoin's market dynamics.

A Balasubramanian, MD & CEO, ABSL AMC, says: “though we are not putting the restrictions in our small and midcap fund and given the fact that we are relatively small compared to others, it is about Rs 5,000-6,000 crores size and at the same time, our portfolio liquidity parameters are much better than some of the other schemes which are large in size. Keeping that in mind, while we have not put any stop, we continue to encourage investors to come only through the SIPs and the longer term 3-5-year time horizons. What is this stress test? How have AMCs conducted it because we understand that most of the AMCs, including yours, are saying that there is no stress in the portfolio. A Balasubramanian: The way one has to look at this is, there is an exercise in any case being carried out at regular interval by individual AMCs to check the portfolio construction and how the portfolio risk is being monitored and managed, which will take into account the liquidity as well. The current discussion, which has been there for quite some time in consultation with AMFI committee as well as Sebi, is more of a deep dive given that this segment of the market has been getting more money in the last few years.

₹3,198.9 crore would take three days for the liquidation of its 50% portfolio if a sharp selloff occurs in the stock market. The small cap fund would take two days to liquidate its 25% portfolio, as per data shared by Radhika Gupta, MD & CEO of Edelweiss Mutual Fund. Edelweiss Mid Cap Fund would take two days to liquidate half of its portfolio and only one day for 25% portfolio liquidation.

By Trevor Hunnicutt and Alexandra Alper

Zomato CEO Deepinder Goyal became the proud owner of India's first Aston Martin DB12 sportscar worth ₹4.59 crore. The stunning beast on wheels was launched in India in September 2023, News18 reported. The pictures of Deepinder Goyal's brand-new car were shared on the official Instagram handle named ‘Automobili Ardent India’.

(Reuters) — United Airlines is close to securing three dozen or more Airbus A321neo jets from aircraft lessors, Bloomberg News reported on Thursday citing people familiar with the matter.

The wealth industry is standing at a crossroads as advisors balance hopes for growth and enhanced client service through technology against challenges and barriers to adoption of technology, according to a new study from Orion.

The board scandal that employees of OpenAI now call “The Blip" now threatens to live up to its nickname. The company recently announced the findings of an independent legal review of CEO Sam Altman’s firing last November and framed the result as exonerating its actions, largely. OpenAI’s new board “expressed its full confidence" in Altman’s leadership based on the law firm’s analysis.

Shortly after he was elected Canada’s 23rd prime minister, Justin Trudeau gathered the country’s top pension officials in a conference room in downtown Toronto for a roundtable discussion on infrastructure. To most in attendance that day in November 2016, the government’s intention was clear.

Paramount Global will exit Viacom18 by selling its remaining 13.01% stake to Reliance Industries for ₹4,286 crore, a deal that will value the Indian media company at about ₹33,000 crore. In separate regulatory filings, the US media and entertainment major and the Mukesh Ambani-led Indian conglomerate have said the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals. The transaction is also subject to the completion of the proposed joint venture (JV) involving RIL, Viacom18, and The Walt Disney Company's Star India.

Investing.com — Just as the market was beginning to think bank failures were a thing of the past, a full year after the Silicon Valley Bank collapse, issues with New York Community Bancorp (NYSE:NYCB) last week raised the alarm that a new slew of problems for the smaller players could be percolating underneath the surface.

The mixed news on inflation earlier this week and today didn’t help, but neither did sticky inflation news derail expectations that the Federal Reserve will start cutting interest rates in June. Yet uncertainty about the timing is creeping higher, as a confluence of factors muddy the outlook.

Scheme 2024 shows the government's continued thrust on vehicle electrification as it is indispensable on a long-term basis to fortify the case for an EV ecosystem, industry experts said on Thursday. Ministry of Heavy Industries has announced the new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. Commenting on the government's decision, Srikumar Krishnamurthy, Senior Vice President and Co-Group Head — Corporate Ratings, ICRA said the scheme is a favourable move towards the acceleration of the electrification pace in the country. «The EMP scheme reflects the government's continued thrust on vehicle electrification, although the quantum of subsidy is seen lower in line with expectations,» he said.

If you work for UBS and you like to receive 6am calls from your boss before he runs up a mountain, then great news. Swiss gossip websiteInside Paradeplatz says Andrea Orcel has been seen in Zurich. He was allegedly there to discuss a new job with UBS.

By Huw Jones