Corporate Governance

IBM Shares Won’t Stop Falling

International Business Machines Corp. (NYSE: IBM) did not get a bounce in share price that day after its stock plunged due to poor earnings. The stock fell again the second ...
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How Many Stores Does Sears Have Left?

Sears Holdings Corp. (NASDAQ: SHLD), which owns Sears and Kmart, made two announcements recently. It has a new chief financial officer and it will close yet more locations. So what ...
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Venezuela Nationalizes GM Plant, Company Quits the Country

General Motors Co. (NYSE: GM) has shut down operations in Venezuela following the government's seizure of the GM plant in Carabobo on Wednesday. In a statement, the company said it ...
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Kleinfeld Out as Chairman, CEO of Arconic

The high-tech engineering and manufacturing firm hived off from Alcoa last year, Arconic Inc. (NYSE: ARNC), announced Monday morning that Chairman and CEO Klaus Kleinfeld has resigned both positions, along ...
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SEC Issues Charges Against Underwriter for Gatekeeper Failures

The U.S. Securities and Exchange Commission (SEC) recently announced that an Arizona-based brokerage firm, its CEO and its former underwriter’s counsel have agreed to settle charges related to municipal bond ...
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Boeing Creates Venture Fund, Invests in 2 Aerospace Firms

Joining a stampede of established, large-cap firms, Boeing Co. (NYSE: BA) announced Wednesday morning that the company has created an "innovation cell" to invest in a variety of "potentially transformative ...
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Can Tronc Hit Its Revenue Goal of $1.6 Billion?

In the midst of a battle between its two largest shareholders, the critical question of whether Tronc Inc. (NASDAQ: TRNC) can reach its 2017 revenue guidance of $1.6 billion has ...
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SEC Halts Chicago Firm’s Fraud Targeting Seniors

The U.S. Securities and Exchange Commission (SEC) recently announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company. The firm is ...
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SEC Uncovers Boiler Room Scheme in Florida Firm

The U.S. Securities and Exchange Commission (SEC) recently announced charges against a Florida-based company, its chief executive and its top sales agent in regards to conducting a boiler room scheme that ...
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Gannett Share Price Shows Doubts About New Tronc Bid

Gannett Co. Inc.'s (NYSE: GCI) share price has stayed relatively steady since a battle broke out between the two largest shareholders of Tronc Inc. (NASDAQ: TRNC), which Gannett tried to ...
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Why Iger’s Contract Extension With Disney Matters

In a filing this morning with the U.S. Securities and Exchange Commission (SEC), Walt Disney Co. (NYSE: DIS) said it has extended Chairman and CEO Robert Iger's contract from a ...
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Stock Market Ignores War Between Big Tronc Shareholders

There is a war for control of newspaper publisher Tronc Inc. (NASDAQ: TRNC). It pits Tronc's two largest shareholders against one another. Whether or not the speculation about the fight ...
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Analyst Sees Little Impact as Google Advertisers Suspend YouTube Ads

Alphabet Inc. (NASDAQ: GOOGL) is caught in a bind between some major advertisers and some of the content creators it depends on to attract a younger audience. Telecom giants AT&T ...
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Tronc Vice Chair Soon-Shiong to Leave Board

Tronc Inc.'s (NASDAQ: TRNC) Vice Chairman Patrick Soon-Shiong will not stand for reelection, according to a list of directors in the current company proxy statement. The statement also shows he ...
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Chipotle Board to Lose 4 More Directors

Under pressure from activist investor Bill Ackman and his Pershing Square Capital Management fund, Chipotle Mexican Grill Inc. (NYSE: CMG) in December expanded its board of directors from nine to 12 ...
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