ISS reverses stance on Spirit Airlines’ planned tie-up with Frontier Airlines. Proxy advisory firm urges Spirit shareholders to vote against the deal. ISS calls JetBlue’s all-cash bid a “superior alternative” for Spirit shareholders. The vote on the Frontier-Spirit deal has been delayed four times. ISS warns firm Institutional Shareholder Services on Friday switched its position … Read more
Royal Dutch Shell is exploring increasing shareholder payouts. Record earnings from rising energy prices will also enable the company to move more quickly toward renewable and low-carbon energy sources. This would be the first increase in dividends since the 1940s, according to CEO Ben van Beurden. According to the chief executive, Shell is exploring … Read more
Aston Martin announced its intention to raise 653 million pounds ($773.15 million) Saudi Arabia’s sovereign wealth fund will become the second-largest stakeholder with a nearly 17 percent stake. The company aimed to increase its investment to up to 20% by 2023. In a capital raising intended to pay off debt and strengthen its company, Saudi … Read more
Twitter’s new client Elon Musk nonetheless ought to have his tweets approximately his electric-powered automobile agency Tesla pre-accepted after a US judge on Wednesday rejected an attraction to lose him from oversight. Musk final month filed a motion to overturn Securities and Exchange Commission (SEC) restrictions imposed following his 2018 tweet, wherein he said he had received … Read more
A 2018 tweet posted by means of Elon Musk in which he claimed to have secured the funding to take Tesla, personally, become deemed “fake and deceptive” via a judge, according to files filed through traders suing his electric vehicle business enterprise. The shareholders have accused Tesla of securities fraud over their stock market losses … Read more
The gigantic compensation bundle of the CEO of US-European automaker Stellantis was impacted by certain investors and crawled its direction into the French official mission on Wednesday. Stellantis says CEO Carlos Tavares is expected to get 19 million euros ($20.6 million) for 2021, the year that France’s PSA (Peugeot-Citroen-Opel) and Italian-American gathering Fiat-Chrysler converged to … Read more
HONG KONG: The Hong Kong’s strict adherence to a zero-Covid strategy is damaging the hub’s aviation industry and “killing” Cathay Pacific, a major shareholder in the city’s home carrier told local media. Following Beijing’s lead, Hong Kong has maintained some of the world’s strictest quarantine measures and travel curbs, which has kept the city coronavirus-free … Read more
LONDON: British airline EasyJet warned on Tuesday that it was “too soon” to assess the impact of the Omicron coronavirus variant on the aviation sector, after logging narrowing annual losses as skies reopened. The emergence last week of Omicron, a new concerning Covid variant first detected in southern Africa, has prompted some nations including Britain … Read more
Tesla chief Elon Musk told investors on Thursday that the leading electric vehicle maker is moving its headquarters from Silicon Valley to Texas, where it is building a plant. “I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said at an annual shareholders meeting. “Just to be clear, though, we will be continuing to expand our activities in California.” Musk … Read more
