CEO Financial News

A U.S. company says its moon lander is on its side near the lunar south pole

He warned shareholders not to listen to advisors who urge them to trade often.

Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.

Also Read: Bank Holidays in 2024. Check the full list here Maha Shivratri is celebrated with huge fervour where devotees observe fast and worship Lord Shiva, also referred to as Mahadev. Different stories are popular across the country and in different parts of Nepal and the West Indies related to Lord Shiva.

Keebeck Wealth Management, an independent advisory firm focused on serving entrepreneurs and multigenerational families, has announced a strategic partnership with iCapital.

In a move to cater to the intricate financial needs of ultra-high-net-worth families and single-family offices, Callan Family Office has announced the expansion of its financial administration division.

BENGALURU : Byju Raveendran, chief executive officer of India’s once-most valued startup, Byju’s, assured employees that he retains control of the company he founded and that he plans to challenge shareholders who have voted to oust him. “Contrary to what you may have read in the media, I continue to remain CEO, the management remains unchanged, and the board remains the same," Raveendran said in a letter to employees on Saturday.

CEO Carl Pei, now known as 'Carl Bhai' on X (formerly Twitter), engaged with the Indian audience and expressed enthusiasm for the market. The smartphone is set to debut in India and global markets on March 5, with notable features and a competitive price point. Apple's recent release, the Vision Pro, garnered mixed reactions among users.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his family sold $150 million worth of the bank’s stock, following through on last year’s announcement that he would begin selling shares for the first time since taking the helm 18 years ago. Dimon and his family sold about 822,000 shares in a series of transactions on Thursday, according to a US Securities and Exchange Commission (SEC) filing.

Wall Street when everyone else is a buyer, consider Rob Arnott, who made a sensible case five months ago that Nvidia Corp. had become a bubble. “A textbook story of a Big Market Delusion” is how the venerable founder of Research Affiliates called it, citing extreme valuations after the shares quadrupled in just a year.

Steve Schwarzman took home $896.7 million last year, a 30% drop from a year earlier, yet still one of the biggest annual payouts on record in high finance. Schwarzman, 77, collected $777 million in dividends alone from his roughly 20% stake in the alternative-asset manager, according to a regulatory filing Friday. He earned an additional $120 million mostly through incentive fees and the share of fund profits known as carried interest.

Gold rate today, 24th February 2024: After losing for two straight weeks, gold prices finally logged a modest 0.75 percent gain in the week gone by. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry finished at ₹62,325 per 10 gm level on Friday.

Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday. Schwarzman reaped over $1.26 billion in pay and dividends for 2022, including more than $1 billion in dividends from his shares of Blackstone, the world's largest private equity firm.

lunar lander tipped over at touchdown and ended up on its side near the moon’s south pole, hampering communications, company officials said Friday. Intuitive Machines initially believed its six-footed lander, Odysseus, was upright after Thursday's touchdown. But CEO Steve Altemus said Friday the craft “caught a foot in the surface," falling onto its side and, quite possibly, leaning against a rock. He said it was coming in too fast and may have snapped a leg.

(Reuters) — Blackstone (NYSE:BX) Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday.

Corporate Affairs (MCA), which is investigating Zee Entertainment Enterprises Ltd (ZEEL) over alleged corporate governance violations, has written to the Securities and Exchange Board of India (Sebi) seeking details on its latest findings on fund diversion that have been cited in media reports, said people aware of the matter. The ministry's preliminary probe had found appropriation of ZEEL's fixed deposits (FDs) by Yes Bank, for squaring off loans of related entities of Essel Group. ZEEL is part of the Essel Group promoted by Subhash Chandra and his family. Since 2019, both the MCA and Sebi have been investigating the group over allegations levelled by independent directors. While the MCA is probing allegations pertaining to violations under the Companies Act, 2013, Sebi is investigating accusations of capital market breaches. Their probes had found that FDs of Rs 200 crore were appropriated by Yes Bank for settling loans of related parties of Essel Group.

Shortly after announcing its mega-acquisition of Atria’s advisory business, LPL Financial has entered into another hefty agreement.

By Steve Gorman and Joey Roulette

(Reuters) — U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday.

Ontario’s regional planning authorities are overstating the number of lots that are ready for construction by nearly a million housing units, according to a new study commissioned by groups representing the province’s building and land development industry, a discrepancy the industry says debunks any notion it is “sitting on supply.”

Quebec’s public pension manager plans to cut a significant number of jobs as part of a reorganization that will see two real estate units brought in-house to improve efficiency.