DIRS.INFO The most relevant business & tech news

☆ The US economy may be barrelling towards stagflation, an outcome worse than recession
▼ + stars: | 2024-04-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The provides the backdrop for stagflation, which can't be combated with rate cuts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With additional help from high government spending and the dollar's de-coupling from gold, inflation surged into double digits, while the economy tumbled. The period was so tumultuous that it undid long-standing macroeconomic theories, and required the Fed to step up its role in the economy.

Persons: —, David Donabedian, It's, listlessness, stagflation, Paul Volcker, Jamie Dimon, we've, Pooja Sriram, Powell Organizations: Service, CIBC Private Wealth, OPEC, Economic, of New, Barclays Locations: of New York

☆ Some families are hiring multilingual nannies. They say there are clear benefits for their children.
▼ + stars: | 2024-04-24 | by ( Pooja Mistry Shah | ) www.businessinsider.com time to read: +6 min

These caregivers can help children connect with the family's native tongue. "I definitely recommend it to families to help their children with their linguistic tools and global appreciation." Advertisement"We intentionally picked a Filipino caregiver who spoke Tagalog for live-in help because of how nurturing and outgoing the community is," Bhalla Mistry told BI. "Children who grow up multilingual often develop better communication skills and can switch between languages more easily," Bhalla Mistry said. Multilingual nannies can help children connect with their native tonguesMaria Olsson-Tysor of Orange County, California, hails from Sweden and only speaks Swedish to her children, while her husband speaks to them in English.

Persons: —, Candi Vajana, Vajana, nannies, multilingualism, Jayna Patel, Patel, Natasha Bhalla Mistry, Bhalla Mistry, Bhalla, Maria Olsson, " Olsson, Tysor, Olsson Organizations: Service, Business, Montessori Locations: Miami, Singapore, London, COVID, Switzerland, Orange County , California, Sweden

☆ I'm a Finnish CEO. Here's what it's like running a company in the happiest country on earth.
▼ + stars: | 2024-04-23 | by ( Pooja Shah | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a transcribed conversation with Samu Hällfors, the CEO of Framery in Helsinki. AdvertisementAs the CEO of a company in the world's happiest country, I mirrored my company's values and policies with many of the Finnish cultural aspects I admire. Mutual responsibility makes people feel safeThere are multiple parallels between Finnish society and how we've built culture at Framery, starting with psychological safety. Finnish culture is deeply rooted in forward-thinking and preparation, stemming from their historical need to brace for harsh, protracted winters. Teams can decide when they want to come into the office and how they plan to execute their work.

Persons: —, Samu Hällfors, Framery Organizations: Service, Framery, Logia Software Oy, Business Locations: Helsinki, Framery, Finland

☆ Here are the top 15 companies in Singapore to work for, according to LinkedIn
▼ + stars: | 2024-04-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

These are the top companies to work for in Singapore in 2024, according to LinkedIn. Banks dominated the top 5 best companies in Singapore to work for, according to LinkedIn's list on the best workplaces in the country in 2024. "Commercial banking firms from banking to insurance and digital payments, dominated the 2024 LinkedIn Top Companies in Singapore, comprising more than half of the top 15 (up from 5 in 2023)," Pooja Chhabria, head of editorial for Asia-Pacific for LinkedIn told CNBC Make It. The list, released Wednesday, only includes companies that had at least 500 employees in Singapore as of the end of 2023. Here are the top five names on LinkedIn's 2024 list for Singapore:

Persons: Banks, Pooja Chhabria Organizations: LinkedIn, Companies, CNBC Locations: Singapore, Asia, Pacific

☆ These are the top 5 companies to work for in India, according to LinkedIn
▼ + stars: | 2024-04-16 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

These are the 2024 top companies in India, according to LinkedIn. LinkedIn has released its eighth annual list of top companies to work for in India, and companies that prioritized its employees' experience and growth dominated this year's ranking. "Whether it's launching upskilling initiatives to accelerate the AI proficiency of their professionals or offering flexible working arrangements, these are the companies leading the way in attracting professionals as well as retaining them in our ever-changing world of work," says Pooja Chhabria, LinkedIn career expert. The ranking is based on eight pillars: the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background, and employee presence in the country. Here are the top 5 places to work for in India in 2024, according to LinkedIn:

Persons: Pooja Chhabria Organizations: LinkedIn Locations: India

☆ Looking for a job after a layoff? Here are 5 tips on how to land your next role
▼ + stars: | 2024-04-05 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Here are some tips on how to land your next role after being laid off. "Going through a layoff is a very emotional experience," says LinkedIn career expert Pooja Chhabria. Here are five tips she gives on how to land your next role:Invest in communityBeing laid off is bound to come with new challenges. Chhabria suggests emphasizing your skills when updating your resume and online professional profiles. Preparing your answer by talking about your experience and connecting it back to why it's valuable to the position and tasks at hand, Chhabria suggests.

Persons: Pooja Chhabria, Chhabria Organizations: Getty, Companies, Microsoft, CNBC Locations: Singapore

☆ My husband and I stopped using voice assistants. We learned to communicate better and have more privacy.
▼ + stars: | 2024-03-11 | by ( Pooja Shah | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At first, it felt like a family member was missingInitially, it felt like a family member was missing. We increased communication with each otherSlowly, the transition without voice assistants became easier. AdvertisementWe stopped being lazy with basic tasksThe loss of voice assistants has also been better for our health. With so many of our devices previously connected to our voice assistants, we would bark commands across the room.

Persons: —, Alexa Organizations: Service, Google, Netflix, Arsenal, Premier League statistics, Alexa Locations: New York City, London, New York, Midtown

☆ A couple converted a $10,000 school bus into their dream home. Now they're exploring the US while working full-time.
▼ + stars: | 2024-01-31 | by ( Pooja Shah | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. They chose a bus for its affordability and overall safetyThe coupled passed on an RV for a more affordable school bus. Transforming a school bus can also be safer with proper planning and preparation. Kumar told Business Insider. Pooja made sure to incorporate touches like curtains and decorations into the school bus.

Persons: —, Pooja, Kumar, Pooja Shah, Pooja Shah Pooja, Pooja Shah Kumar, they've Organizations: Service, Business Locations: Indiana , Michigan , Wisconsin , Minnesota, North, South Dakota , Colorado , Wyoming , Montana , Oregon, North California, California

☆ I moved to Finland after reading it was the happiest place on earth. Here are 6 things that surprised me living and working here.
▼ + stars: | 2024-01-26 | by ( Pooja Shah | ) www.businessinsider.com time to read: +5 min

I moved to Helsinki without ever visiting Finland because I read that it was the happiest place on earth . Finnish people don't wear shoes in the officeWhile it's not unusual to take off your shoes before entering someone's house, most Finnish offices also have a no-shoe policy. Some offices will have "indoor shoes," but for the most part, colleagues will wear socks. Reindeer meat tasted good to me, very tender and rich earthy flavor. I see reindeer meat mostly sold in local markets throughout the city.

Persons: —, Jorge Reyes, it's, I've Organizations: Service, Business Locations: Bogotá, Colombia, Finland, Helsinki, someone's, saunas

☆ I moved to Finland after reading it's the happiest place on earth. Here are 6 things that surprised me living and working here.
▼ + stars: | 2024-01-26 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

I moved to Helsinki without ever visiting the country because I read that it was the happiest place on earth . Finnish people don't wear shoes in the officeWhile it's not unusual to take off your shoes before entering someone's house, most Finnish offices also have a no-shoe policy. Some offices will have "indoor shoes," but for the most part, colleagues will wear socks. Reindeer meat tasted good to me, very tender and rich earthy flavor. I see reindeer meat mostly sold in local markets throughout the city.

Persons: Jorge Reyes, Reyes, —, it's, I've Organizations: Service Locations: Finland, Bogota, Colombia, Helsinki, Bogotá, someone's, saunas

☆ I moved to Finland after reading it's the happiest place on Earth. It's exceeded all my expectations.
▼ + stars: | 2023-12-28 | by ( Pooja Shah | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Jorge Reyes , a 27-year-old professional from Bogotá, Colombia, who moved to Finland less than a year ago. Finland was the opposite of my hometown in Bogotá, Colombia, and completely unlike my Caribbean background, where 40 degrees Celsius, beaches, and sunshine are the norm. I saw on social media that Finland was ranked one of the happiest countries in the world. Ironically, Colombia was up there on this list, but I felt I needed to experience Finland for myself. I'm sure smaller cities within Finland might not be as receptive to foreigners as the bigger cities, but they're becoming increasingly inclusive.

Persons: —, Jorge Reyes, weren't, I'd, I've, I'm Organizations: Service, Business, LinkedIn, Helsinki Families Locations: Bogotá, Colombia, Finland, Helsinki, Spain, acclimate, Europe, Sweden, London, Estonia, Amsterdam, Italy, Paris

☆ I've made $27K renting my clothes to strangers. Here's how I started this side hustle that takes 1 hour a day.
▼ + stars: | 2023-12-08 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

I was shocked at how many dresses she had for the wedding and asked her how she did it. She told me she rented them on a platform called By Rotation , a website where you can rent out clothes and accessories. Over the past 18 months, I have made over £21,392, or nearly $27,000, by renting on By Rotation and Hurr. AdvertisementI reinvest some of my rental earnings to buy more inventoryI reinvest some of my rental income by buying a couple of dresses a month, building my inventory. Make your wardrobe work for you, but don't rent out items with sentimental attachments on the rare chance they get damaged.

Persons: —, Jessica Templeton, Jess, It's, Templeton, Jess Templeton, I'm, I've Organizations: Service, Business Locations: Buckinghamshire, England, London

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. "Presently, the markets price in around a 125bp (basis points) cut from the Fed next year," Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, said in a note. Investors will also parse data on U.S. services sector activity from S&P Global and the Institute for Supply Management on Tuesday. ET, Dow e-minis were down 115 points, or 0.32%, S&P 500 e-minis were down 20 points, or 0.44%, and Nasdaq 100 e-minis were down 103 points, or 0.65%. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Ozkardeskaya, Amruta Khandekar, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Fed, Swissquote Bank, Labor Department, P Global, Institute for Supply Management, Nvidia, Dow e, CVS, PDD Holdings, Baidu, Thomson Locations: New York City, U.S

☆ Trucking firm XPO to buy bankrupt Yellow's service centers for $870 mln
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.

Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware

☆ Ford's US vehicle sales slip 0.5% in November
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsDec 4 (Reuters) - Ford Motor (F.N) posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production. Ford reached a deal with the United Auto Workers (UAW) union in late October, ending an over month-long strike the company said will cost it $1.7 billion. Ford's CFO John Lawler said in October restarting the plants would be complicated after the deal, which UAW workers ratified in November. Sales of Ford's electric vehicles jumped 43.2%, to 8,958 units from a year ago, the automaker said on Monday. The company reported total sales of 145,559 vehicles in November, compared with 146,364 units last year.

Persons: David, Dee, Delgado, Ford, John Lawler, Nathan Gomes, Pooja Desai Organizations: New York, REUTERS, Ford, United Auto Workers, UAW, Detroit Three, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Tech firms, Wall Street lead job cuts in Corporate America
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +9 min

TECHNOLOGY, MEDIA AND TELECOM SECTORMeta Platforms (META.O):The Facebook-parent said it would cut 10,000 jobs, just four months after it let go 11,000 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. Workday (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse was planning to cut about 3,000 jobs in the second quarter ended June 30, Reuters reported in May.

Persons: Brendan McDermid, Goldman Sachs, Axios, Pat Gelsinger, Elon Musk, Morgan Stanley, Lazard, Coinbase, cryptocurrencies, Phillips, Johnson, Joseph Wolk, Deborah Sophia, Akash Sriram, Granth Vanaik, Eva Mathews, Yuvraj Malik, Sourasis Bose, Priyamvada, Tiyashi Datta, Manya Saini, Jaspreet Singh, Maju Samuel, Sriraj Kalluvila, Pooja Desai Organizations: REUTERS, TELECOM, Meta, Facebook, IBM Corp, Spotify Technology SA, Spotify, Microsoft Corp, Intel Corp, Reuters, New York Times, Elon, Cisco Systems, HP, Rivian, Match, Dell Technologies, Technologies, U.S . Central Intelligence Agency, Goldman Sachs, Wall, Citigroup, Bloomberg News, BlackRock, Bed, Dow, Johnson, 3M, Thomson Locations: New, Wall, U.S, York, New Jersey, Bengaluru

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. Pressuring equities on Monday were higher U.S. Treasury yields, which made returns on stocks less attractive. However, some analysts have cautioned that markets have been too quick to price in lower interest rates. The S&P index recorded eight new 52-week highs and no new lows, while the Nasdaq recorded 46 new highs and 17 new lows. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Anil D'Silva and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Jerome Powell, It's, Sam Stovall, Stovall, Santa Claus, advancers, Amruta Khandekar, Anil D'Silva, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Companies Alaska Air, Hawaiian Holdings, Dow, Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, Traders, Research, Alaska Air Group, Dow Jones, Marathon, NYSE, Thomson Locations: New York City, U.S, New York, Santa, Israel, Red

☆ Apple, Paramount discuss bundling their streaming services - WSJ
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsDec 1 (Reuters) - Apple (AAPL.O) and Paramount Global (PARA.O) have discussed bundling their streaming services at a discount, the Wall Street Journal reported on Friday. The companies have talked about offering a combined Paramount+ and Apple TV+ offering that would cost less than subscribing to both services separately, the report said, citing people familiar with the discussions. The talks are in their early stages, and it is unclear what shape the bundle could take, the report added. Apple and Paramount did not immediately respond to Reuters requests for comment.

Persons: Dado Ruvic, Chavi Mehta, Pooja Desai Organizations: REUTERS, Paramount Global, Wall Street, Paramount, Apple, Thomson Locations: Bengaluru

☆ Canada's Brookfield raises record $28 billion for infrastructure fund
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Dec 1 (Reuters) - Canada's Brookfield Asset Management (BAM.TO) said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to "deglobalization", given recent geopolitical tensions. Brookfield said the fund has already deployed 40% of its capital in six investments including renewable, transport, data center and telecom tower assets. The company, which manages over $850 billion in assets, said it had also raised $2 billion for related co-investment vehicles. Besides "deglobalization", Brookfield's latest fund will also focus on infrastructure assets tied to digitalization and decarbonization, the company said. The company had raised $20 billion for its previous global infrastructure fund in 2020.

Persons: Brookfield, Niket, Pooja Desai Organizations: Brookfield Asset Management, Thomson Locations: Brookfield, Ukraine, Bengaluru

REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."

Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru

☆ Canada's TD Bank's fourth-quarter profit falls on higher provisions
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - TD Bank Group (TD.TO) reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside more rainy-day funds to cover for potential sour loans. Peer Scotiabank (BNS.TO), which kicked off the Canadian banks' earnings season on Tuesday, also earmarked higher funds to prepare for potential loan losses, dragging its profit down. TD's net interest income - the difference between what banks earn on loans and pay out on deposits - fell nearly 1.8%, to C$7.49 billion. The lender's personal and commercial business posted a 1% decrease in net income, while the U.S. retail unit dipped 17%. The bank's adjusted net income fell to C$3.51 billion ($2.58 billion), or C$1.83 per share, for the three months ended Oct. 31, from C$4.07 billion, or C$2.18 per share, a year earlier.

Persons: Arasu Kannagi Basil, Shilpi Majumdar, Pooja Desai Organizations: Bank Group, Bank of Canada, PCL, Scotiabank, Thomson Locations: U.S, Bengaluru

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Cyber Monday online sales set to cross $12 billion as big discounts lure shoppers - report
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

Boxes ready to be delivered are seen during Cyber Monday at the Amazon fulfilment centre in Robbinsville Township in New Jersey, U.S., November 28, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 27 (Reuters) - U.S. shoppers looking for steep discounts are set to boost Cyber Monday online sales to a record $12 billion to $12.4 billion, splurging on products like Barbie dolls and headphones, data from Adobe Analytics showed. The midpoint of the range represents a jump of nearly 8%, better than Adobe's initial forecast of a 6.1% rise to $12 billion, easing concerns of a lackluster 2023 holiday shopping season. Salesforce also predicted Cyber Monday online sales would grow in the high-single-digit percentage range, both globally and in the United States. Reporting by Juby Babu and Deborah Sophia in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Eduardo Munoz, Barbie, Salesforce, Juby Babu, Deborah Sophia, Pooja Desai Organizations: REUTERS, Adobe Analytics, Thomson Locations: Robbinsville Township, New Jersey, U.S, United States, Bengaluru

Nov 27 (Reuters) - Activist investor Elliott Investment Management on Monday said it was ready to nominate directors at Crown Castle International and push for the ouster of the wireless tower owner's executives and board members, whom it blames for years of underperformance. The hedge fund in a letter released on Monday said the company needs "comprehensive leadership change." It said it was ready to appeal to other shareholders to make changes to the 12-member board, signaling a possible proxy fight next year. Elliott sharply criticized management and the board saying a "lack of oversight ... contributed to its irresponsible stewardship and flawed financial policy." The hedge fund said the company "disregarded our data-driven analysis" and added that "our recommended changes were neither made nor taken seriously."

Persons: Elliott, Jesse Cohn, Jason Genrich, Jay Brown, Svea Herbst, Bayliss, Pooja Desai, Mark Porter Organizations: Investment Management, Crown Castle International, SBA Communications, Intelligence, Svea, Thomson Locations: Houston, Providence, Bengaluru

Search resuls for: "Pooja"

25 mentions found