CEO Financial News

MAX, the streaming service owned by Warner Bros

With Rhode Island this week becoming the seventh U.S. state to launch internet gambling, industry panelists at an internet gambling conference say they foresee several additional states joining the fray in the next few years

Canadian Imperial Bank of Commerce is revamping its executive team as talk of chief executive officer succession at the country’s fifth-largest lender heats up.

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Laurentian Bank of Canada is still in talks with Rania Llewellyn over her severance pay, months after she was abruptly terminated as chief executive officer.

New York Community Bancorp (NYCB) made headlines on Wednesday as its stock experienced a dramatic plunge of 42% before staging a rebound following the announcement of a $1 billion capital raise. 

In anticipation of International Women’s Day, Fibe, a fintech platform, has unveiled intriguing insights into the credit habits of female borrowers. The research suggests that women exhibit greater responsibility as credit borrowers, being 10% more likely to make timely EMI repayments compared to their male counterparts.

LANXESS has announced that it has completed the expansion of its Rhenodiv production line in Jhagadia, Gujarat. The company said that the increased capacity of Rhein Chemie business unit will meet the demand of the Indian Sub-continent and the Asian tire and rubber goods markets. Commenting on the development, Matthias Zachert, CEO & Chairman of the Board of Management of LANXESS AG, said, “India is an important region for us and this strategic milestone reflects our commitment towards meeting the growing demands of our valued customers in the region. The new facility not only amplifies our production capacity but also showcases our faith in the immense potential of the Indian market.” Dr. Jens Hendrik Fischer, Global Head of Rhein Chemie business unit, said, “The expansion of our Rhenodiv production line at the Jhagadia site marks a significant milestone for LANXESS India. It reinforces our position as a reliable partner for the rubber industry and showcases our commitment to innovation and sustainability. I extend my best wishes to the team for their hard work and commitment.”

By Byron Kaye

CALGARY — Enbridge Inc. is bullish on the future of its Mainline pipeline system in light of projections that Canadian oil output could exceed the country’s pipeline export capacity as early as 2026.

artificial intelligence (AI) technology from the tech giant while secretly collaborating with two Chinese companies, as per an AP report on March 6. Ding, 38, a Chinese national, was apprehended in Newark, California, and faces four counts of federal trade secret theft. Each count carries a potential sentence of up to 10 years in prison.

By Gilles Guillaume

Investing.com-- Chemicals maker Chemours Co (NYSE:CC) said on Wednesday that an internal review found that its  top three executives, who were placed on administrative leave last week, had violated the firm’s code of ethics, particularly regarding financial disclosures.

An aggressive nonorganic growth strategy that began in 2019 has boosted new client assets by more than $1 billion for Householder Group.

A father-son advisor team that oversees $750 million in AUM in New Jersey has made a major leap by setting up their own firm.

There’s change afoot at employee-owned independent Mesirow as the financial services company names a new leader. Mesirow announced that it has promoted Brian D. Price to CEO of its wealth management division.

M&A in the Canadian RIA market remains robust thanks to a push from private equity. It may not be as hot as in America, but it’s not bad at all for the “Great White North,” said Shaun Hauser, CEO of Wellington-Altus Financial, a Canadian wealth management firm.

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday.

Embattled New York Community Bancorp is getting a lifeline of more than $1 billion as a group of investors plug cash into the troubled bank

After a year of basking in global fame, the San Francisco company OpenAI is now confronting a multitude of challenges that could threaten its position at the vanguard of artificial intelligence research

Stocks recovered some of their losses from the day before, which was Wall Street’s worst in three weeks