CEO Financial News

The Associated Press says it is looking to cut 8% of its workforce, primarily through buyouts, and employees eligible to leave their jobs would begin getting notifications

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administr...

Zee Entertainment Enterprises Ltd. (ZEEL), has decided to step down from the MD role to focus exclusively on his responsibilities as CEO, according to a company statement. Goenka will remain on the board as a Director, pending shareholder approval, the statement said, adding that the board has approved his request, citing the need for dedicated focus on ZEEL's operational growth strategy. This decision precedes a significant shareholder vote scheduled for November 28 regarding Goenka's reappointment as MD and CEO for a new five-year term commencing in January 2025.

TORONTO — Manulife Financial Corp. says chief executive Roy Gori will retire in May and be replaced by Phil Witherington, who is currently serving as chief executive of Manulife Asia.

As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.

Singapore Airlines CEO Goh Choon Phong on Monday said the airline group will support the ongoing transformation of the enlarged Air India Group by offering «our stewardship and expertise where possible» as he emphasised that Air India-Vistara merger marks a pivotal moment for Indian aviation. In his first comments after the completion of the merger on November 11, he also said that Singapore Airlines is committed to deepening its commercial collaboration with Air India. Vistara was a joint venture between Singapore Airlines and Tatas, and with the merger, Singapore Airlines has a 25.1 per cent in Tata Group-owned Air India. At a symbolic ceremony in the national capital on Monday, Tata Sons and Singapore Airlines celebrated the merger. Tata Sons Chairman Natarajan Chandrasekaran, Goh Choon Phong, as well as senior management and employees from Tatas, Singapore Airlines, Air India, and Vistara were present, according to a joint release by Singapore Airlines and Tata Sons.

COCOMI on Monday locked the front doors of several government offices in Imphal West district to protest the recent killing of three women and three children in Jiribam, officials said. Coordinating Committee on Manipur Integrity (COCOMI) is an influential organisation of the Meitei community, the majority ethnic group in the Imphal Valley region that comprises five districts including Imphal West. The Manipur government on Monday also extended the suspension of internet services by two more days till Wednesday in seven districts of the northeastern state. Raising slogans demanding justice for the victims and their families killed by suspected tribal militants in Jiribam district, the protesters stormed into the office complex of the Chief Electoral Officer at Lamphelpat and locked its main entrance door with chains and locks, officials said.

As unveiled in June at the firm's capital markets event by chief executive António Simões, the FTSE 100 company is undergoing a restructuring, which will involve redundancies in up to 20 investment roles and a raft of support positions, according to a report by the FT. L&G's new asset management arm was created following the firm's capital markets day in June from the combination of Legal & General Investment Management and Legal & General Capital, its private markets business.  L&G hires PGIM's Eric Adler as asset management CEO The move saw the exit of LGIM CEO Michelle Scrimgeo...

As part of the promotion, Karim will report to both Jean-Christophe Menioux, general secretary and CFO, as well as Geoffroy Reiss, COO and global head of transversal services for AXA IM Core. Karim will also continue to fulfil part of her current responsibilities as global head of oversight and chief operating officer with the firm's Core division. She is set to take over from current UK CEO Marcello Arona, who is pursuing «an opportunity outside of the business», the firm said. AXA IM Core poaches abrdn's Dominic Byrne as head of global equities Karim joined AXA IM in 2007, and...

Consumer Technology Association CEO Gary Shapiro discusses how tariffs impact the prices of laptops on The Claman Countdown.

Subscribe to enjoy similar stories. A messy fight over who should be President-elect Donald Trump’s Treasury secretary has played out privately at Mar-a-Lago in recent days. It all spilled into public view on Saturday.

HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came from the commercial banking division against those from the global banking and markets unit to compete for the jobs available in the combined CIB division. The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations. As part of the shake-up, HSBC will phase out its use of the general manager titles that it gives to some of its most senior staff and will instead give those employees managing director titles, a common rank at many major financial services businesses, the people added.

Garuda Aerospace on Monday said its agri-drone fleet has achieved one million flight hours in the past year, marking a significant advance in the country's adoption of drone technology in farming. The company's 2,000-strong fleet of agricultural drones has been operating at a rate of one deployment every two minutes, the company said, supporting farmers across India with precision agriculture and crop monitoring services. The company's Agri Kisan Drone program provides precision farming services, including targeted pesticide spraying and crop monitoring. Garuda holds six DGCA approvals and operates under government initiatives including the NAMO Drone Didi Program.

Samunnati announced a partnership with Northern Farmers Mega FPO on Monday, aiming to strengthen sustainable farming practices and improve market access for farmers across northern India. The partnership will connect over 50 Farmer Producer Organizations (FPOs) with enhanced access to inputs, technology services, credit, and investment opportunities, it said in a statement. A key initiative under the collaboration focuses on converting paddy straw waste into clean energy alternatives, including compressed biogas and biomass pellets, addressing the region's persistent stubble-burning pollution issues. «This collaboration is a step toward building a sustainable and economically viable ecosystem for farmers,» Chennai-based Samunnati Founder and CEO Anil Kumar SG said.

Donald Trump Jr said on Sunday that any pushback from the Washington establishment around his father's unconventional choices for Cabinet proves they are just the kind of disruptors that voters are demanding. The younger Trump insisted the team now around the president-elect knows how to build out an administration, unlike when his father first took office. «The reality this time is, we actually know what we're doing. We actually know who the good guys and the bad guys are,» he told Fox News Channel's «Sunday Morning Futures». «And it's about surrounding my father with people who are both competent and loyal. They will deliver on his promises. They will deliver on his message. They are not people who think they know better, as unelected bureaucrats.» After Donald Trump was elected in 2016, he stocked his early administration with choices from traditional Republican and business circles, tapping figures such as former Exxon Mobil CEO Rex Tillerson, who was his first as secretary of state.

Charlie Munger authored a book titled Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger. While the title plays on Benjamin Franklin’s Poor Richard’s Almanack, some might argue it had an unintended double meaning. Recently, Helios Mutual Fund’s CEO, Samir Arora, raised an intriguing question on X about Munger’s relatively ‘modest’ net worth of $2.6 billion, compared to his long-time partner Warren Buffett’s fortune. It turns out that on a relative scale, compared to what people expect, he really was ‘Poor Charlie’! However, I think investors should ignore Munger’s poverty entirely. The real wealth he created wasn’t just about his net worth, but in the intellectual capital he gave to generations of investors. Consider the investment principles Munger outlined in a speech summarised by John Templeton, a reference in the same X post. These eight commandments of investing are worth more than any billion-dollar fortune because they’ve helped countless investors build their wealth. Let’s examine why these principles are so valuable. First, Munger’s emphasis on specialisation and understanding your ‘circle of competence’ has saved many investors from costly mistakes. His anecdote on Bobby Fischer brilliantly illustrates this: When asked how to beat the chess champion, his answer was simple, ‘Get him to play you at any game except chess.’ The lesson? Stay within your domain of expertise.

OpenAI CEO Sam Altman posted “chat. com” on X without explanation earlier this month. It subsequently emerged that HubSpot cofounder and CTO Dharmesh Shah had sold the domain to OpenAI, indicating that the $15.5 million price may have been paid in shares. While Shah seemed to suggest the amount was the same he’d paid to acquire it in the first place, domain investing is again becoming a lucrative business that could yield high returns, following the rise of AI. Web domains with .ai extensions have become the third-largest selling category, with sales reaching $9.2 million in the year to date, according to data from Namebio. This is slightly behind the second-ranked .org, which garnered $9.4 million. The extension .com still rules, at $120.2 million.

«If you look five years into the future, North America is stagnating in terms of industry, Europe is shrinking, South America is shrinking. Southeast Asia is totally dominated by China, and China is shrinking really, really fast,» Borgas told ET in an exclusive interaction. The only growing parts of the world are India and the Middle East," he said. Refractories are used in the production of steel, cement, glass, aluminium and copper. RHI, which supplies to every steel and copper plant in the world, 80% of cement plants, and half of aluminium plants globally, believes that growth in India could be between 6% and 13% on a compound annual basis over the next five years.

Former Canadian PM Stephen Harper, under whose watch ties with India prospered, has lashed out against the practice of cultivating Khalistanis and Jihadists and suggested tougher immigration rules. Harper expressed his views at an event organised by the Abraham Global Peace Initiative (AGPI) in a conversation with AGPI founder and CEO Avi Benlolo. In a column in the Canadian daily National Post on Friday, Benlolo quoted Harper as saying, «We must stop cultivating Jihadists, antisemites, Khalistanis, Tamil Tigers, and other divisive groups. When it comes to our immigration system, we are going to have to ask ourselves some hard questions about how we screen people.» «We cannot start importing age-old hatreds onto our streets,» he said.

Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India told ET. Arora’s statements come amid media reports of a potential equity partnership between the Volkswagen Group with Mahindra & Mahindra (M&M). Several auto companies such as Ford, General Motors, MAN Trucks and two-wheelers such as UM Motorcycles, Harley Davidson have exited India, amid low volumes which made it difficult to sustain operations viably in the country. Ford, which only recently announced plans to restart manufacturing operations at its plant in Chennai for global markets, had pulled the plug on India ops after a possible joint venture with Mahindra fell through. Harley Davidson, meanwhile rebooted India ops through a sales, manufacturing tie-up with Hero MotoCorp.