DIRS.INFO The most relevant business & tech news

☆ Breaking down the impact of FTC's ban on non-compete agreements
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreaking down the impact of FTC's ban on non-compete agreementsAlan Guarino, Korn vice chairman, joins 'Power Lunch' to discuss the FTC banning non-compete clauses and what it means for American workers.

Persons: Alan Guarino, Korn

☆ Norfolk CEO: Believe Ancora is violating the Railway Labor Act
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorfolk CEO: Believe Ancora is violating the Railway Labor ActNorfolk Southern CEO Alan Shaw joins 'Closing Bell Overtime' to discuss the ongoing fight with Ancora and respond to proxy advisor firm Glass Lewis siding with the activists ahead of the May 9th vote. Plus, Shaw updates on the progress the railroad is making on its operations to its operating ratio.

Persons: Alan Shaw, Ancora, Glass Lewis, Shaw Organizations: Norfolk, Railway Labor, Norfolk Southern

☆ Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
▼ + stars: | 2024-04-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis said in its report. Furthermore, Glass Lewis said Barber, Ancora's pick for CEO, and Jamie Boychuk, the activist's pick for COO, "have compelling credentials and track records." Ancora also seeks to install former CSX executive Boychuk as Barber's chief operating officer. Their support, coupled with Glass Lewis' endorsement, gives the activist powerful ammunition as it seeks to convince shareholders.

Persons: Ancora, Alan Shaw, Glass Lewis, Betsy Akins, Jim Barber, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, Shaw, Amy Miles, Barber, Ancora's, Jamie Boychuk, Boychuk, John Orr Organizations: Norfolk Southern, Teamster, UPS, CNBC, CSX, Canadian National, CN, NSC, Norfolk Locations: Norfolk Southern, East Palestine , Ohio, Norfolk

☆ Watch CNBC's full interview with Norfolk Southern CEO Alan Shaw
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Norfolk Southern CEO Alan ShawAlan Shaw, Norfolk Southern CEO, joins 'Closing Bell Overtime' to talk proxy battle heating up, union outreach, profitability and more.

Persons: Alan Shaw Alan Shaw Organizations: Norfolk Southern

☆ Ancora can not be trusted to run a company as vital as Norfolk Southern, says CEO Alan Shaw
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAncora can not be trusted to run a company as vital as Norfolk Southern, says CEO Alan ShawAlan Shaw, Norfolk Southern CEO, joins 'Closing Bell Overtime' to talk proxy battle heating up, union outreach, profitability and more.

Persons: Alan Shaw Alan Shaw Organizations: Norfolk Southern Locations: Norfolk

☆ Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores
▼ + stars: | 2024-04-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.

Persons: —, Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais

☆ ‘The Sympathizer’ star on how he ‘never felt rooted’ to his Vietnamese heritage until landing lead role
▼ + stars: | 2024-04-28 | by ( Rochelle Beighton | ) edition.cnn.com time to read: +5 min

Set in the 1970s as the Vietnam War draws to a close, Xuande embodies The Captain, an unnamed double agent for the Viet Cong operating within the American-backed South Vietnamese army. ‘It’s my life’Chinh, known for her role in “The Joy Luck Club,” portrays a refugee mother to a South Vietnamese Major (Phanxine) who is forced to flee to the US. Drawing parallels with her own life, she was born during the Vietnam War and was forced to evacuate at the age of 15. A unique casting challengeCasting the role of The Captain was a critical and challenging task for casting director Jennifer Venditti and her team. Xuande’s response to an international casting call immediately caught their attention with an impressive audition tape.

Persons: Viet Thanh Nguyen, “, Park Chan, ” Xuande, Xuande, ”, Robert Downey Jr, “ Oppenheimer, Sandra Oh, Fred Nguyen Khan, Toan Le, Vy Le, Nguyen Cao Ky Duyen, Alan Trong, ‘, Chinh, Joy, Sofia Mori –, –, It’s, ” Oh, Jennifer Venditti, Don McKellar, Xuande familiarized, Chan, we’d Organizations: CNN, HBO, Warner Bros ., Viet, Opportunity, Hollywood, Joy Luck, South Locations: Vietnam, United States, Saigon, Sydney, Australia, South Vietnamese, Los Angeles, South Korea, Hollywood, Viet

The sudden end to the standoff produced cheers from the protesters, and confusion for those who had been bracing for chaos. At Emory University in Atlanta, officers used pepper balls and wrestled protesters to the ground, ultimately arresting 28 people. On quads and lawns from coast to coast, colleges are grappling with a groundswell of student activism over Israel’s ongoing military campaign in Gaza. Administrators are having to make controversial decisions over whether to call in the police, and are often criticized regardless of the route they take. “They don’t seem to have a clear strategy,” said Jennie Stephens, a professor at Northeastern who attended the protest there to support the students.

Persons: ”, Jennie Stephens, “ Organizations: Boston, University of Southern, Emerson College, Ohio State University, At Emory University, Northeastern Locations: Northeastern University’s, University of Southern California, Boston, Atlanta, Gaza

☆ Activist Ancora endorsed by second Norfolk Southern union in proxy contest
▼ + stars: | 2024-04-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A second Norfolk Southern union said Friday it would back activist Ancora's efforts to elect seven directors and oust CEO Alan Shaw, a sign of labor dissatisfaction with management and a key endorsement for Ancora as Norfolk Southern's shareholder meeting nears. The BLET Teamsters, which represents the engineers and trainsmen who operate Norfolk Southern's locomotives, said Friday they're throwing their weight behind Ancora. "It's a privilege to receive support from the BLET Teamsters, who believe in our plan to improve performance, safety and employee relations at Norfolk Southern," Barber said. The latest endorsement, coupled with the support of the BMWED Teamsters earlier this week, means roughly half of NSC's unionized employees are supporting the activist, Ancora said. "We recognize the hard work that the BLET Teamsters members and all of the Company's employees put in every day," Boychuk said.

Persons: Alan Shaw, John Orr, Edward Hall, Jim Barber, Jamie Boychuk, Barber, Ancora, Boychuk Organizations: Norfolk Southern, Teamsters, NS, BLET Teamsters, Norfolk, Ancora . Norfolk Southern Locations: Ancora, Norfolk, Ancora . Norfolk

covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.

Persons: Donald J, Trump Organizations: The Times, Capitol

☆ How a Supreme Court Immunity Ruling Could Affect Trump’s Election Case
▼ + stars: | 2024-04-26 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

If the Supreme Court’s hearing on Thursday about former President Donald J. Trump’s claims of executive immunity is any indication of how the court might ultimately rule, the justices could end up helping Mr. Trump in two ways. The justices signaled that their ruling, when it comes, could lead to some allegations being stripped from the federal indictment charging Mr. Trump with plotting to overturn the 2020 election. And because the process of determining which accusations to keep and which to throw away could take several months, it would all but kill the chance of Mr. Trump standing trial on charges that he tried to subvert the last election before voters get to decide whether to choose him again in this one. Near the end of the arguments, however, Justice Amy Coney Barrett abruptly floated a way that prosecutors could maneuver around that time-consuming morass. If the special counsel, Jack Smith, wanted to move more quickly, she said, and avoid the ordeal of lower courts reviewing his indictment line by line, deciding what should stay and what should go, he could always do the job himself.

Persons: Donald J, Trump’s, Trump, Amy Coney Barrett, Jack Smith

☆ Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
▼ + stars: | 2024-04-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist Ancora on Thursday won the support of the BMWED Teamsters in the investor's efforts to oust Norfolk Southern CEO Alan Shaw and a majority of the railroad's 13-person board. The labor group said it would back the activist's seven director nominees over Norfolk Southern management, a significant endorsement in an industry unusually dependent on union support. The support from the BMWED Teamsters, whose members build and maintain the track infrastructure that keeps Norfolk Southern trains moving, amounts to a sharp rebuke of Shaw and Norfolk Southern's board. Norfolk Southern and Ancora have been locked in a proxy contest for several months. Neuberger Berman, for example, is backing the activist and said that Norfolk Southern had a history of poor governance and that a boardroom change was needed.

Persons: Ancora, Alan Shaw, Shaw, Tony Cardwell, Cardwell, Jim Barber, Jamie Boychuk, Boychuk, Barber, It's, John Orr, Glass Lewis, Neuberger Berman Organizations: Thursday, Teamsters, Norfolk Southern, Norfolk, BMWED Teamsters, Labor, American Federation of Labor, Industrial Organizations, CSX, Ancora Locations: Norfolk Southern, Norfolk, U.S, East Palestine , Ohio, Washington

Police officers swept onto the ordinarily serene campus of Emory University in Atlanta after demonstrators erected tents on Thursday morning, leading to the latest clash in a pro-Palestinian protest movement that has cascaded across American campuses this week. As the demonstrators at Emory screamed, officers wrestled with protesters on the ground and escorted others away. From a few dozen yards away, onlookers stared and recorded the scene with their cellphones. The authorities did not immediately say how many people had been arrested in Atlanta, but across the country, more than 400 protesters have been taken into police custody since April 18, when the arrests of more than 100 protesters at Columbia University in New York set off a wave of student activism nationwide. University administrators and law enforcement officials have responded by arresting students, removing encampments and threatening academic consequences as some Jewish students have expressed concern for their safety, and some politicians have demanded a crackdown on the growing demonstrations.

Organizations: Emory University, Emory, Columbia University, University Locations: Atlanta, New York

covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.

Persons: Donald J, Trump Organizations: The Times, Capitol

☆ 4 Takeaways From the Supreme Court Hearing on Trump’s Immunity Claim
▼ + stars: | 2024-04-25 | by ( Charlie Savage | Alan Feuer | ) www.nytimes.com time to read: +1 min

The Supreme Court heard arguments on Thursday about Donald J. Trump’s claim that the federal charges accusing him of plotting to overturn the 2020 election must be thrown out because he is immune from being prosecuted for any official act he took as president. Several justices seemed to want to define some level of official act as immune. Although Mr. Trump’s claim of near-absolute immunity was seen as a long shot intended primarily to slow the proceedings, several members of the Republican-appointed majority seemed to indicate that some immunity was needed. Some of them expressed worry about the long-term consequences of leaving future former presidents open to prosecution for their official actions. Chief Justice John G. Roberts Jr. criticized an appeals court ruling rejecting immunity for Mr. Trump, saying he was concerned that it “did not get into a focused consideration of what acts we are talking about or what documents are talking about.”

Persons: Donald J, Trump’s, Brett Kavanaugh, John G, Roberts Jr, Trump, “, ” Organizations: Republican

☆ Solar Companies Seek New U.S. Tariffs on Asian Imports
▼ + stars: | 2024-04-24 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

A group of seven leading solar manufacturers filed trade complaints on Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighboring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50 percent. The trade complaints are focused on imported solar cells, the parts of solar panels that turn light into electricity.

Persons: Biden Organizations: Department of Commerce, U.S . International Trade Commission Locations: Southeast Asia, United States, U.S, Vietnam, Cambodia, Thailand, Malaysia

Dr. Shafik herself was preparing to confer with the university senate, which could censure her as soon as Friday. On Monday, police were called in to make dozens of arrests at Yale and New York University. Mr. Johnson’s visit to campus will not include a meeting with Dr. Shafik. The university senate could vote on a resolution to censure Dr. Shafik as soon as Friday — not long after the 48-hour negotiation period concludes. By calling in the police anyway, the resolution said, Dr. Shafik had endangered both the welfare and the futures of the arrested students.

Persons: Mike Johnson, Nemat Shafik, Shafik, Kathy Hochul, Emerson, Johnson’s, Columbia, —, “, ” Brendan O’Flaherty, Grayson, Kirk’s, Dr, O’Flaherty, Shafik’s, Liset Cruz, Eryn Davis, Annie Karni, Santul Nerkar, Katherine Rosman, Karla Marie Sanford, Ed Shanahan Organizations: Columbia University, New York Police Department, National Guard, Gov, Guard, Yale, New York University, Tufts, University of California, Hamas, New York City Police, Johnson’s, Republicans Locations: York, Gaza, Berkeley, Israel, ”, Washington, Columbia, New

Nemat Shafik, Columbia University’s besieged president, faced skeptics on Wednesday in a meeting with the university senate that could vote to censure her over her handling of protests on the Upper Manhattan campus. If Dr. Shafik ultimately remains atop Columbia, her meeting with the university senate made plain that it will likely be as a scarred figure. Dr. Shafik defended her choice to summon the New York authorities to campus, according to three people who attended the meeting at the law school. She said she believed, though, that it was necessary for the safety of protesting students. The group could vote on a censure as soon as Friday, but some senators were discussing the possibility of pursuing a more moderate course in the aftermath of Wednesday’s meeting.

Persons: Nemat Shafik, Columbia University’s, Shafik, Mike Johnson Organizations: Columbia, New Locations: Columbia, Manhattan, New York

covers the U.S. intelligence agencies and international security matters for The Times. He has written about security issues for more than two decades.

Organizations: The Times

☆ To Justify His Immunity Defense, Trump Flips the Prosecution Script
▼ + stars: | 2024-04-23 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

When the Supreme Court considers Donald J. Trump’s sweeping claims of executive immunity on Thursday, it will break new legal ground, mulling for the first time the question of whether a former president can avoid being prosecuted for things he did in office. But in coming up with the argument, Mr. Trump used a tactic on which he has often leaned in his life as a businessman and politician: He flipped the facts on their head in an effort to create a different reality. At the core of his immunity defense is a claim that seeks to upend the story told by federal prosecutors in an indictment charging him with plotting to overturn the 2020 election. In that indictment, prosecutors described a criminal conspiracy by Mr. Trump to subvert the election results and stay in power. In Mr. Trump’s telling, however, those same events are official acts that he undertook as president to safeguard the integrity of the race and cannot be subject to prosecution.

Persons: Donald J, Trump’s, Trump

☆ Gag Order Hearing Is Heated as Judge Considers Citing Trump for Contempt
▼ + stars: | 2024-04-23 | by ( Alan Feuer | ) www.nytimes.com time to read: 1 min

The judge overseeing former President Donald J. Trump’s trial in Manhattan held a fiery hearing on Tuesday about whether to find Mr. Trump in criminal contempt for repeatedly violating the provisions of a gag order. While the judge, Juan M. Merchan, did not issue an immediate ruling, he engaged in a heated back-and-forth with one of Mr. Trump’s lawyers, scolding him for his failure to offer any facts in his defense of the former president. “You’ve presented nothing,” Justice Merchan told the lawyer, Todd Blanche, adding soon after: “You’re losing all credibility with the court.”Justice Merchan’s rebuke came moments after prosecutors in the Manhattan district attorney’s office had complained that Mr. Trump willfully violated the gag order by making 10 public statements on social media and on his campaign website that attacked two likely witnesses and the jury.

Persons: Donald J, Trump, Juan M, Merchan, “ You’ve, Todd Blanche, “ You’re, Merchan’s Locations: Manhattan

☆ Disney technology executive Aaron LaBerge to leave company for personal reasons
▼ + stars: | 2024-04-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.

Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave

☆ Universities Struggle as Pro-Palestinian Demonstrations Grow
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: 1 min

At New York University, the police swept in to arrest protesting students on Monday night, ending a standoff with the school’s administration. At Yale, the police placed protesters’ wrists into zip ties on Monday morning and escorted them onto campus shuttles to receive summonses for trespassing. Columbia kept its classroom doors closed on Monday, moving lectures online and urging students to stay home. Nearby, at campuses like Tufts and Emerson, administrators weighed how to handle encampments that looked much like the one that the police dismantled at Columbia last week — which protesters quickly resurrected. And on the West Coast, a new encampment bubbled at the University of California, Berkeley.

Organizations: New York University, Yale, Columbia, Harvard Yard, Tufts, Emerson, University of California Locations: West Coast, Berkeley

☆ Live Updates: Yale Students Arrested as Campus Chaos Spreads
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: +11 min

Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.

Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, “, U2Ii5GTuLm — David lederer, @Davidlederer6, ”, Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, —, “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, ”, Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, “, Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam

The Manhattan criminal trial of Donald J. Trump will be closely followed around the world. There will be no video feed aired live from the courtroom. Nor will there be an audio feed, as some federal courts allow. New York courts generally do not permit video to be broadcast from courtrooms, although a feed is being transmitted into an overflow room for the reporters covering the trial. And cameras will be stationed in the hallway outside the courtroom to capture Mr. Trump’s remarks as he enters and leaves.

Persons: Donald J, Trump, Trump’s Locations: Manhattan, New York

Search resuls for: "Alan"

25 mentions found