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News & Updates

June 9, 2015 HSBC to Cut About 50,000 Jobs in Major Overhaul of Global Business

Source: NY Times

LONDON — The British bank HSBC, in a major revamping of its global strategy, said on Tuesday that it would shed as many as 50,000 jobs as it sells several underperforming businesses, reduces the size of its global investment...

June 9, 2015 ECB plans more health checks for banks in 2016: Nouy in paper

Source: Reuters

Euro zone banks should expect another round of health checks in 2016, the European Central Bank’s top banking supervisor was quoted as saying, adding that Greece’s banks remained solvent.

June 9, 2015 World Fuel Services to pay $110 mln in Lac-Megantic settlement

Source: Reuters

World Fuel Services Corp has agreed to contribute $110 million to a compensation fund for victims of the Lac-Megantic rail disaster as part of a settlement with the Montreal, Maine and Atlantic Railway and its bankruptcy trustees.

June 9, 2015 ExxonMobil boss faces environmental jabs from nun and friar at Dallas meeting

theguardian.com - Another resolution at that meeting, led by activists at As You Sow, calls for Chevron to slash its capital spending on big projects to develop reserves, instead returning it to shareholders. The Guardian...

June 9, 2015 McDonald’s: May sales topped projections

Source: Independent On Line

New York - McDonald’s, pursuing a comeback under new Chief Executive Officer Steve Easterbrook, reported May sales that narrowly topped analysts’ projections after growth in Europe helped make up for a lingering slump in the...

June 8, 2015 9 Absolutely Astonishing Facts About Walmart

Source: Time

Retail giant Walmart has a new CEO, Doug McMillon. He faces considerable challenges leading the largest company in the world. Fortune’s Brian O’Keefe profiled McMillon in the new Fortune 500 issue. Here are nine facts about the...

June 8, 2015 Executive compensation: How much is the right amount?

Source: Grand Rapids Business Journal

Almost everyone believes they are paid what they deserve unless they think they are under paid. In 40 years of compensation work, I never recall anyone saying they were paid too much. Some people will admit they are paid well,...

June 8, 2015 Deutsche Bank appoints new CEO in latest post-crisis shake-up

Source: Reuters

Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganize the bank.

June 8, 2015 Wal-mart Names a New Chairman, Keeps the Job in the Family

Source: Time

At Walmart’s annual shareholder meeting on Friday in Fayetteville, Ark., before a crowd of 14,000 people, the company announced that Rob Walton, the 70-year-old chairman and son of founder Sam Walton, would step down after 23...

June 8, 2015 Experts worry about 'smoke and mirrors' in earnings reports as stocks hit record after record

Source: Fox News

The gap between the "adjusted" profits that analysts cite and bottom-line earnings figures that companies are legally obliged to report, or net income, has widened dramatically over the past five years.

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