Danone board ousts boss Faber after activist pressure
Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group’s board after the Activia yoghurt maker faced growing calls from some shareholders …
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Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
Warren Buffett’s Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. …
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German solar car firm Sono Motors explores U.S. stock market listing
German solar car firm Sono Motors is exploring a U.S. stock market listing that may value the company at more than $1 billion, people close to the matter said. Sono …
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Toys ‘R’ Us parent sells controlling stake to management company WHP Global
New York-based brand acquisition and management firm WHP Global said on Monday it had taken a controlling interest in Toys ‘R’ Us parent, Tru Kids Inc, more than three years …
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Billionaire Ackman donates millions of Coupang shares to foundation, others
Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to three entities, including his foundation. Ackman, …
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GM builds pickups without certain modules due to global chip shortage, hurting fuel economy
General Motors Co said on Monday that due to the global semiconductor chip shortage the U.S. automaker is building certain 2021 light-duty full-size pickup trucks without a fuel management module, …
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Battery maker Northvolt gets $14 billion order as Volkswagen raises ownership
Northvolt said on Monday it had won an order worth more than $14 billion over 10 years from Germany’s Volkswagen, which increases its stake in the Swedish lithium-ion battery maker. …
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