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The Texas lawmakers are in Washington to lobby for federal voting legislation and are scheduled to meet with several Democratic lawmakers in the Senate on Tuesday. On Wednesday, they will meet with Vice President Kamala Harris, who is leading the Biden administration's push to protect voting rights. The West Virginia Democrat has emerged as a key figure when it comes to voting legislation. Democrats have been unable to secure any Republican support for their measure, which would gut GOP-advanced restrictions in states like Texas and Georgia. Manchin has said he supports the John Lewis Voting Rights Advancement Act, a more narrow voting bill.
Persons: Sen, Joe Manchin’s, Trey Martinez Fischer, Gina Hinojosa, Mando Martinez, Jasmine Crocket, Staff Lance West, Wes Kungel, Kevin Carson, Kamala Harris, Biden, Manchin, John Lewis Organizations: Texas Democratic, Republican, Manchin’s, Staff, NBC News, Democratic, West Virginia Democrat, John Lewis Voting Locations: Texas, Washington, Georgia
Vehicle manufacturers need to win over more rural Americans and Republicans, with the survey showing those groups express less enthusiasm than others for electric vehicles. But no electric pickup truck is yet available, which means consumer attitudes about them are largely based on second-hand knowledge. A majority of 65% agreed that electric vehicles are the future of the auto industry, the poll showed. Nearly half of Americans - 46% - believe EVs are not worth the cost, the survey showed, with opinions again reflecting a political divide. Sherman said he had so far received 10 reservations for the electric truck and that he fields up to 40 phone calls per day about it.
Persons: Linda Zhang, Rebecca Cook, Jim Richman, Richman, EVs, Darryll Harrison, Ford, Darren Palmer, Chris Sherman, Sherman, Tina Bellon, Paul Lienert, Joe White, Chris Kahn, Matthew Lewis Organizations: REUTERS, Reuters, Republicans, Ipsos, Rural, Ford Motor, General Motors Co, Ford, GM, Lightning, Ford's North America EV, Thomson Locations: Dearborn , Michigan, U.S, Austin , Texas, Ford's, Paris , Texas, United States, Detroit
Investors sue U.S. regulator over Trump-era AGM resolution rules
  + stars: | 2021-06-15 | by ( Ross Kerber | ) www.reuters.com + 0.00   time to read: +5 min
The two other plaintiffs are James McRitchie, an individual investor and frequent filer of shareholder resolutions, and the Interfaith Center on Corporate Responsibility, which represents religious groups and other institutional investors. They will be able to file a resolution owning $2,000 worth of stock only after they have held it for three years. Senate Democrats had introduced a resolution to undo the SEC changes on shareholder proposals, but a deadline to move it has passed. It alleges the regulator placed undue emphasis on the costs of the resolutions for the companies, which the regulator has previously pegged at up to $150,000. The case is Interfaith Center on Corporate Responsibility et al v SEC, U.S. District Court, District of Columbia, No.
Persons: Gary Gensler, Jose Luis Magana, Wall, Donald Trump, Danielle Fugere, James McRitchie, Russell, Georgeson, Hannah Orowitz, Dupont, Joe Biden, Biden, Ross Kerber, Greg Roumeliotis, Sonya Hepinstall, Matthew Lewis Organizations: U.S . Securities, Exchange Commission, Banking, Housing, Urban Affairs Committee, SEC, Capitol, REUTERS, Corporate, Washington , D.C, Interfaith, Democratic, Labor Department, Trump, Democrats, Trump -, U.S, District of Columbia, Thomson Locations: Corporate America, California, U.S, Washington ,, RUA, Boston
A mansion overlooking downtown Aspen has sold for $72.5 million, according to two people familiar with the deal. Appraiser Jonathan Miller said the transaction sets a price record for a single-family home in the upscale Colorado ski town. Mr. Sanders was formerly chairman and chief executive of Sanford C. Bernstein, according to a biography on his company’s website. The roughly 22,000-square-foot, 11-bedroom compound, which includes a guesthouse, was purchased in 2009 for $43 million, according to public records. Mr. Sanders later renovated the property, according to a person familiar with the situation.
Persons: Jonathan Miller, Lewis, Sanders, Sanders Capital, Sanford C, Bernstein, Patrick Dovigi, Dovigi Organizations: Street Journal, New, Sanders, Green Locations: Aspen, Colorado, Vail, Colo, New York, AllianceBernstein, Canadian
Sudan says progress made in peace talks with rebel leader
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
Sudan People's Liberation Movement-North chairman Abdelaziz al-Hilu addresses delegates after signing a declaration of principles between Sudanese Transitional government and the Sudan People's Liberation Movement - North in Juba, South Sudan March 28, 2021. REUTERS/Jok SolomunJUBA, June 15 (Reuters) - Sudanese authorities adjourned talks on Tuesday with the most powerful rebel leader from the country's south, saying they had agreed on more than three-quarters of a framework peace deal. A deal with Abdelaziz al-Hilu's Sudan People's Liberation Movement-North (SPLM-N) would be a big step in efforts to resolve decades of internal conflict in Sudan following the overthrow of former leader Omar al-Bashir in 2019. read moreThat paved the way for peace talks that have been held over recent weeks in the capital of neighbouring South Sudan, Juba. Bashir had ruled Sudan for 30 years until he was removed by the military following mass demonstrations against his government.
Persons: Abdelaziz al, Omar al, Bashir, Abdel Wahed el, Mohammad Kuku, Khalid Abdelaziz, Denis Dumo, Aidan Lewis, Peter Graff Organizations: Liberation, Transitional, REUTERS, Thomson Locations: Sudan, Juba, South Sudan, Jok, JUBA, Darfur, South Kordofan, Sudan's, Khartoum
Democrats to Biden: No climate provisions, no vote for infrastructure deal
  + stars: | 2021-06-15 | by ( Valerie Volcovici | ) www.reuters.com sentiment -0.98   time to read: +2 min
Senator Ed Markey leads a news conference to re-introduce the Green New Deal at the U.S. Capitol in Washington, U.S. April 20, 2021. REUTERS/Jonathan Ernst/File PhotoWASHINGTON, June 15 (Reuters) - Two Senate Democrats said on Tuesday they would not vote for an infrastructure bill that omits key measures aimed at combatting climate change, putting pressure on the White House to abandon attempts to secure a bipartisan package. Republicans have said measures addressing things like climate change do not count as "infrastructure," leaving negotiations in the divided Senate at an impasse. Progressive Democrats have urged the White House over the last few days not to abandon climate provisions after White House climate adviser Gina McCarthy told Politico that measures like "a clean electricity standard may not end (up) in the final version" of the infrastructure deal. Andrew Bates, a White House spokesperson, told Reuters the administration has not stopped pushing for climate priorities in the negotiations.
Persons: Ed Markey, Jonathan Ernst, Joe Biden, Jeff Merkley, Merkley, Gina McCarthy, Andrew Bates, Biden, Markey, Bernie Sanders, Democratic Senators Kyrsten Sinema, Joe Manchin, Valerie Volcovici, Matthew Lewis Organizations: Green, Deal, U.S, Capitol, REUTERS, WASHINGTON, Republicans, Massachusetts, White House, Politico, Reuters, Democratic Senators, Thomson Locations: Washington , U.S, Congress, Oregon, Washington
Sudan's prime minister warns of risk of chaos, civil war
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Sarah Meyssonnier/PoolKHARTOUM, June 15 (Reuters) - Sudan's prime minister warned on Tuesday of the risk of chaos and civil war fomented by loyalists of the previous regime as he sought to defend reforms meant to pull the country out of a deep economic crisis and stabilise a political transition. "The deterioration of the security situation is mainly linked to fragmentation between components of the revolution, which left a vacuum exploited by its enemies and elements of the former regime," Hamdok said. He said that without reform of Sudan's sprawling security sector, which expanded under Bashir as he fought multiple internal conflicts, Sudan will continue to face internal and external threats. "These fragmentations can lead us to a situation of chaos and control by gangs and criminal groups, just as it can lead to the spread of conflict among all civilian groups and might lead to civil war." Additional reporting by Alaa Swilam Writing by Aidan Lewis Editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
Persons: Abdalla Hamdok, Emmanuel Macron, General Abdel Fattah al, Burhan, Sarah Meyssonnier, Hamdok, Omar al, Bashir, Alaa, Aidan Lewis, Mark Heinrich Our Organizations: Sudan's, French, Sudan's Sovereign, International Conference, REUTERS, Thomson Locations: Sudan, Paris, France, KHARTOUM, Khartoum
PwC planning to hire 100,000 over five years in major ESG push
  + stars: | 2021-06-15 | by ( Jessica Dinapoli | ) www.reuters.com sentiment -0.52   time to read: +2 min
Of the 100,000 people PwC will hire, about 25,000 to 30,000 will be in the United States, and 10,000 of those will be from Black and LatinX communities, Moritz said. Moritz said PwC had approached ESG more "narrowly" before, focusing on reporting frameworks. "Now every employee of PwC has to be familiar with the issues," he said, adding that ESG will be embedded in the firm's work. PwC is increasing training for partners and staff in ESG in areas such as climate risk and supply chains and creating an ESG academy. In addition to its focus on ESG, PwC is allocating $3 billion to invest in its Asia-Pacific region, aiming to double its business there.
Persons: Price Waterhouse Coopers, Wolfgang Rattay, PwC, Bob Moritz, Moritz, ESG, Jessica DiNapoli, Matthew Lewis Organizations: REUTERS, Wolfgang Rattay NEW, PwC, Global, Companies, Thomson Locations: Berlin, Germany, United States, ESG, Asia, Pacific, New York
Wells was 25 years into her groundbreaking career defined by exposing racism and white supremacist violence against Black people. (Moneta Sleet, Ovie Carter and Matthew Lewis had previously won for their news photography — in 1969 and 1975.) Frazier’s Pulitzer Prize is significant because, in more than a century, the board has never recognized an act of journalism conducted without the imprimatur of a newsroom. Frazier, who was 17 at the time, filmed then-Officer Derek Chauvin’s knee on Floyd’s neck — we later learned during the trial — for over nine agonizing minutes. A USA Today/Ipsos poll in June 2020 placed that support at 60 percent, but showed it at 50 percent in May 2021.
Persons: Ida B, Wells, Harold Littledale, Louis Seibold, Woodrow Wilson, , ” Wells, Acel Moore, Philadelphia Inquirer ”, Wendall Rawls, Ovie Carter, Matthew Lewis, Frazier’s Pulitzer, Darnella Frazier, George Floyd, Frazier, Derek Chauvin’s, ” Frazier, ” Frazier’s, , , newsrooms, I’m, Floyd Organizations: Philadelphia Inquirer, Fairview State Hospital Locations: East St, Louis , Illinois, Elaine , Arkansas, New Jersey, Fairview, Minneapolis , Minnesota, Minneapolis
UPDATE 1-Loeb's U.S. hedge fund Third Point owns Vivendi stake -source
  + stars: | 2021-06-14 | by ( Svea Herbst-Bayliss | ) www.reuters.com sentiment -0.98   time to read: +2 min
New York-based Third Point has been invested in Paris-based Vivendi for some time, the person said, requesting anonymity because the matter is private. A Vivendi spokesman on Monday said, “The company has yet to see any evidence of a stake being built,” in response to a question about the Third Point holding. Activist fund Bluebell Capital Partners and investment fund Artisan Partners have raised concerns about the spinoff, decrying the transaction as unfavorable to some investors. Loeb and Ackman, both prominent New York hedge fund managers, have crossed on other investments, including Herbalife and United Technologies, for example, and sometimes taken differing approaches. He did not invest with Pershing Square’s Tontine Holdings, which counts other prominent hedge funds as investors.
Persons: Daniel Loeb’s, William Ackman, , Ackman, Vincent Bollore, Glass Lewis, Loeb, Pershing Organizations: Billionaire, Vivendi, Universal Music Group, ., Bloomberg, Universal, Pershing, Tontine Holdings, Bluebell Capital Partners, Artisan Partners, ISS, United Technologies Locations: . New York, Paris, New York
PRECIOUS-Gold slips as investors fear U.S. Fed taper hints
  + stars: | 2021-06-14 | by ( Nakul Iyer | ) www.reuters.com + 0.00   time to read: +2 min
Spot gold fell 0.7% to $1,864.04 per ounce by 12:29 p.m. EDT (1629 GMT) after hitting its lowest level since May 17 at $1,848.49. “There’s the possibility that the Fed may indicate that they’re going to start tapering, which should weigh on gold,” Streible said. “We see risks for further weakness in prices as (Fed) taper talk saps interest in the yellow metal at a time when flows are not particularly supportive,” TD Securities analysts said in a note. Speculators reduced their net long positions in COMEX gold in the week ended June 8. Elsewhere, silver was up 0.2% at $27.94 per ounce, while palladium fell 0.7% to $2,755.89 and platinum rose 1.2% to $1,164.15.
Persons: Phillip Streible, , ” Streible, Nakul Iyer, Steve Orlofsky, Matthew Lewis Organizations: U.S . Federal, Blue, TD Securities Locations: Chicago, Bengaluru
WASHINGTON—The Supreme Court asked the Biden administration to weigh in on a legal challenge to Harvard University’s race-conscious undergraduate admissions policies. Solicitor General’s office to submit the federal government’s views on an appeal that argued Harvard unlawfully discriminated against Asian-American applicants. The Harvard case dates back to 2014, when a group called Students for Fair Admissions, led by conservative legal activist Edward Blum, filed a lawsuit alleging the school’s undergraduate admissions practices violated federal civil-rights law. The group said Harvard held Asian-American applicants to a higher standard and used racial balancing, similar to a quota system, artificially limiting the number of Asian-American applicants it admitted. The challengers are urging the Supreme Court to overturn decades of precedent and ban race as a factor in college admissions.
Persons: WASHINGTON —, Biden, Harvard, Edward Blum, Bakke, Justice Lewis Powell Organizations: Harvard, U.S, Trump -, Justice Department, Fair, University of California
They will also meet with House Speaker Nancy Pelosi, D-Calif., and hope to meet with Sen. Raphael Warnock, D-Ga., in their push for federal voting rights legislation. Texas state Rep. Ron Reynolds at a rally for voting rights at the Capitol in Austin on May 8. 4, the John Lewis Voting Rights Advancement Act, a narrower piece of legislation that would reinforce the Voting Rights Act of 1965, but it, too, lacks broad bipartisanship. Republican lawmakers control more of the 2021 redistricting process than Democrats, and voting rights advocates say they believe they could gerrymander a House majority in 2022. Advocates stress that challenging voting infringements and gerrymandered maps in the courts — a longtime fallback — isn't enough to protect voting rights.
Persons: Democratic Sens, Amy Klobuchar, Jeff Merkley, Republican Sens, Ted Cruz, John Cornyn, Nancy Pelosi, Sen, Raphael Warnock, Kamala Harris, Biden, Trey Martinez Fischer, , Joe Biden's, Joe Manchin, isn't, Manchin, Rahna Epting, Beto O'Rourke, Wendy Weiser, Nsé Ufot, Manchin's, Ufot, Stacey Abrams, William J, Barber, Derrick Johnson, Ron Reynolds, Gary Miller, Maurice Mitchell, Donald Trump, Critics, Brennan, John Lewis, Lisa Murkowski, Mitch McConnell, We're, Weiser, Tiffany Muller, Marc Elias, Elias Organizations: Texas Democrats, Republican, U.S, Capitol, Democratic, White, Texas House, Democrats, Senate, GOP, Texas Democrat, U.S . Senate, Texas Capitol, Democracy, Brennan Center for Justice, New York University School of Law, New Georgia, Washington , D.C, Working Families Party, Republicans, John Lewis Voting, Citizens United, Let, YouTube, D.C Locations: Texas, Minnesota, Oregon, Washington, West Virginia, U.S, Austin, Mississippi, Washington ,, America, Alaska, Ky
Explainer: Big changes under Georgia’s new election law
  + stars: | 2021-06-14 | by ( Nathan Layne | ) www.reuters.com + 0.00   time to read: +4 min
Below are some of the law's most consequential changes, according to interviews with a dozen county leaders of the Democratic Party, Republican officials and election experts in Georgia. The change will lead to a sharp drop from the 330 drop boxes used across the state in November. Moreover, the law says drop boxes must be placed inside early voting sites or at elections offices, and that they can only be used during early voting hours. STATE ELECTION BOARDThe law created a new chair of the State Election Board, filling a post previously held by the Secretary of State with a "nonpartisan" executive appointed through the state legislature. The law also gives the State Election Board the ability to suspend county election officials for poor performance or violations of state election regulations.
Persons: Robin Donaldson, John Lewis, Elijah Nouvelage, Brian Kemp, Joe Biden's, Donald Trump, Brad Raffensperger, Biden Organizations: Georgia State Capitol, REUTERS, Georgia, Republicans, U.S, Republican, Democratic Party, Democrats, Democratic, Atlanta Journal, Thomson Locations: Atlanta , Georgia, U.S, Georgia, Fulton, Cobb , DeKalb, Gwinnett, Atlanta
REUTERS/Charles Platiau/File PhotoBillionaire hedge fund manager Daniel Loeb's Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is "evaluating" the French media giant's plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm's holdings said on Monday. New York-based Third Point has been invested in Paris-based Vivendi for some time, the person said, requesting anonymity because the matter is private. A Vivendi spokesman on Monday said, "The company has yet to see any evidence of a stake being built," in response to a question about the Third Point holding. Third Point is trying to evaluate what Ackman's proposal would mean for Vivendi shareholders and has not commented publicly about the matter. Loeb and Ackman, both prominent New York hedge fund managers, have crossed on other investments, including Herbalife and United Technologies, for example, and sometimes taken differing approaches.
Persons: Charles Platiau, Daniel Loeb's, William Ackman, Ackman, Vincent Bollore, Glass Lewis, Loeb, Pershing Organizations: REUTERS, Vivendi, Universal Music Group, ., Bloomberg, Universal, Pershing, Tontine Holdings, Bluebell Capital Partners, Artisan Partners, ISS, United Technologies, Thomson Locations: Paris, France, . New York, New York
UPDATE 2-France agrees to 1.8 bln euros in financing for Egypt
  + stars: | 2021-06-13 | by ( Aidan Lewis | ) www.reuters.com + 0.99   time to read: +2 min
(Adds details)CAIRO, June 13 (Reuters) - France said on Sunday it would provide Egypt with some 1.8 billion euros ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a major boost to bilateral cooperation. The financing includes a concessional government loan of around 800 million euros for upgrades to Line 1 of Cairo’s metro, which dates to the 1980s. Another 1 billion euros of financing from AFD, France’s development agency, will cover a range of projects over the next five years. In May, France announced a new 4 billion euro deal to deliver 30 Dassault warplanes to Egypt beginning in 2024. “France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans,” he said.
Persons: Bruno Le Maire, Abdel Fattah al, Sisi, Le Maire, , Organizations: French Finance, Cooperation, Dassault, Projects Locations: CAIRO, France, Cairo, Cairo’s, Egypt, Sisi, Paris, “ France, Aswan, Wadi Halfa, Sudan
The 10 highest-raising logistics startups have landed more than $1 billion this year. In the year leading up to the pandemic, logistics startups posted some of the largest rounds the industry had ever seen. But the company remains one of the most high-profile logistics startups. Arrive Logistics CEO Matt PyattMatt Pyatt is the CEO of Arrive Logistics. Like many freight startups, KeepTruckin wavered in 2020 — laying off 349 staffers, 18% of its team.
Persons: Project44, Jett McCandless, they're, McCandless, Jiajun Zhu Nuro, Chipotle Nuro, Baillie Gifford, Jiajun Zhu, Nuro, Ryan Petersen Ryan Petersen, Daniel Reinhardt, SoftBank, Ryan Petersen's, ImportGenius, Flexport, Dan Lewis Lewis, Rowe Price, Baillie Gifford Convoy, Dan Lewis, Lewis, Samantha Lee, Goldman Sachs, Jan Bednar, ShipMonk, Matt Pyatt Matt Pyatt, Matt Pyatt, Tobin Moore Tobin Moore, Optoro, retails, Tobin Moore, Moore, cofounding Optoro, Mikko Kärkkäinen Mikko Kärkkäinen, Forrester, Mikko Kärkkäinen, Shoaib Makani, KeepTruckin, Hunt, Mathew Elenjickal Elenjickal, FourKites, Mathew Elenjickal, Elenjickal Organizations: Walmart, CVS, Partners, Getty, Fund, GV, TechCrunch, Flexport, Convoy, Greylock, Microsoft, Google, cofounding Convoy, Uber, Business, Silicon Valley Bank, Insight Partners, Summit, SJF Ventures, Periphas, Florida Atlantic University, Logistics, Temasek, Lead Edge, Baupost, Command Transportation, Ikea, UPS Ventures, Target, American Eagle Outfitters, Relex, TCV, Albertsons, Index, Institutional Venture Partners, Khosla Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Volvo Group Ventures, Gartner, Solutions Locations: Georgia, Pacific, Silicon, Chicago, Europe, Czech Republic, Texas, Finland, TCV, Oracle's, Walmart Canada
Many large companies rely on SAP, so Google Cloud needs to support its tech to win those customers. Google Cloud now has SAP customers like Whirlpool, Home Depot, Cardinal Health, AES, and Vodafone. Beyond Whirlpool, Google Cloud has also been working on SAP applications with customers like Vodafone, Cardinal Health, AES, and Home Depot. Google Cloud has SAP customers like Whirlpool and Home DepotWhirlpool started working with Google Cloud a few years ago when it adopted Workspace, the set of cloud software formerly known as G Suite. For example, Home Depot uses SAP and Google Cloud to optimize its inventory and make sure supplies are stocked properly.
Persons: Shah, Darwin Deano, Deano, Tory Burch, Emily Lewis, Pinnell, Lewis, Robert Enslin, Google Cloud, it's Organizations: Google, SAP, Whirlpool, Home Depot, Cardinal Health, AES, Vodafone, Google Cloud, Web Services, Microsoft, AWS, Deloitte, NTT DATA, Oracle, SAP execs, Depot Whirlpool Locations: 646.376.6106
Why a Tree Is the Friend We Need Right Now
  + stars: | 2021-06-12 | by ( Elizabeth Bernstein | ) www.wsj.com + 0.00   time to read: +9 min
This is why you need a tree friend. Photo: Suzanne SimardAlmost every day, Dr. Simard takes a two-hour hike up the mountain behind her house in Nelson, British Columbia. Dr. Simard greets this tree, too, and sometimes leans against a flat spot on its bark, inhaling its scent. “To look at a skeleton winter tree that was alive and moving filled my heart,” she says. Photo: Lisa GabrieleMs. Gabriele began calling her tree “beach tree” and visiting it every few days, regularly posting pictures on Instagram.
Persons: I’ve, we’re, Dacher Keltner, Keltner, Suzanne Simard, she’s, Douglas, Simard, , , , Patricia Hasbach, you’ve, Hasbach, ” Lisa Gabriele, Lake St . Clair, hadn’t, Lisa Gabriele, Lisa Gabriele Ms, Gabriele, Lincoln Schatz, Mr, Schatz, Elizabeth Bernstein Organizations: University of California, Good Science Center, Nelson , British Columbia ., University of British Columbia, Lewis & Clark College, Facebook Locations: Berkeley, Nelson , British Columbia, Eugene ,, Portland ,, Lake St ., Belle River , Ontario, Chicago, Aspen, Colo, elizabeth.bernstein
Advisory firm ISS recommends vote against Toshiba chairman
  + stars: | 2021-06-12 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoTOKYO (Reuters) - Toshiba Corp shareholders should vote against the re-appointment of board chairman Osamu Nagayama and four other directors, shareholder advisory firm ISS recommended on Saturday. The recommendation by Institutional Shareholder Services Inc (ISS) follows an explosive, shareholder-commissioned investigation that accused Toshiba of colluding with the Japanese government to pressure foreign investors. ISS advised shareholders to oppose the re-appointment of current members of the nomination and audit committees at a June 25 annual shareholders’ meeting. Glass Lewis, another U.S. advisory firm, has also urged shareholders at this year’s AGM to vote against the re-appointment of the same five directors.
Persons: Issei Kato TOKYO, Osamu Nagayama, , Glass Lewis Organizations: Toshiba Corp, REUTERS, Institutional, Services Inc, Toshiba, Ministry, Economy, Trade, Industry, ISS, Reuters Locations: Tokyo, Japan
Toshiba board to hold emergency meeting on Sunday, sources say
  + stars: | 2021-06-12 | by ( Makiko Yamazaki | ) www.reuters.com sentiment -1.00   time to read: +2 min
TOKYO (Reuters) -Toshiba Corp directors will hold an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting, two people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoThe Japanese conglomerate’s board will consider reassigning the candidates for the audit, nominating and compensation committees, after major shareholder advisory firms recommended against some of the candidates, the people said. The emergency meeting comes as Toshiba has been thrown into crisis by revelations this week that management and board members colluded with the Japanese government to pressure foreign investors. Toshiba said in a statement it does not disclose the schedule or topics of board meetings.
Persons: Issei Kato, Toshiba’s, , Osamu Nagayama, Glass Lewis Organizations: Toshiba Corp, REUTERS, Toshiba, Ministry, Economy, Trade, Industry, Services Inc, ISS, Reuters Locations: TOKYO, Tokyo, Japan
Investors “are going to be looking for signs that the Fed might believe that inflation is more permanent,” said Michael Arone, chief investment strategist for State Street Global Advisors. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: , Michael Arone, Carlo Allegri “, Chris Galipeau, Refinitiv, Morgan Stanley, Matthew Miskin Organizations: YORK, Federal, Treasury, State Street Global Advisors, New York Stock Exchange, REUTERS, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management Locations: U.S, , Wyoming, Manhattan, New York City , New York
The Fed has maintained that it has the tools to deal with accelerating inflation. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: , Michael Arone, Carlo Allegri “, Chris Galipeau, Refinitiv, Morgan Stanley, Matthew Miskin Organizations: YORK, Federal, Treasury, State Street Global Advisors, New York Stock Exchange, REUTERS, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management Locations: U.S, , Wyoming, Manhattan, New York City , New York
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: Carlo Allegri, Michael Arone, Chris Galipeau, , Refinitiv, Morgan Stanley, Matthew Miskin Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, State Street Global Advisors, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming
US STOCKS-S&P ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a weekly loss. Much of the focus centered on Thursday’s consumer price data, which eased jitters over the duration of the current inflation wave. Among the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.
Persons: Dow, ” Oliver Pursche, ” Pursche, Stephen Culp, Ambar Warrick, Devik, Matthew Lewis, Cynthia Osterman Organizations: U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment Locations: New York, Bengaluru
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