Author: Press Room
Jeff Shell is leaving as chief executive of NBCUniversal after an investigation into alleged inappropriate conduct with a female colleague, parent company Comcast said on Sunday.Shell, who has served as the top executive of the media network since January 2020, said in a statement provided by Comcast that he “had an inappropriate relationship with a woman in the company”. Comcast said his dismissal comes after an investigation led by outside counsel. A 19-year veteran of the company, Shell oversaw a sprawling empire at NBCUniversal, ranging from the NBC television networks to the Universal film studios and resorts. In recent years…
After a trying week for his national political ambitions, Gov. Ron DeSantis is headed abroad this week for a series of visits to allied nations – an opportunity for the Florida Republican to step onto the international stage for the first time as a likely presidential contender. The official purpose behind DeSantis’ globetrotting is for an “international trade mission,” according to his office. DeSantis, as well as first lady Casey DeSantis and two representatives from his administration, will travel to Japan, South Korea, Israel and the United Kingdom to meet with officials and chat up potential business partnerships. “This trade…
Seemingly every day, U.S. investors are being buffeted by a flurry of sometimes conflicting economic data. Take this past week, for example: the U.S. leading economic index sank 1.2% in March, its biggest decline in three years. The indicator has now declined for 12 straight months. Then, one day later on Friday, investors received readings… Read the full article here
Trading in First Republic Bank corporate debt signals a rise in bearish sentiment for the bank in the weeks leading up to its first-quarter earnings update on Monday. Yields on First Republic Bank’s FRC 4.375% 2046 bonds steadily climbed in early April to nearly 10% on April 16, up from about 9% early in the month, according to BondCliQ, a data-solutions provider. At… Read the full article here
© Reuters. FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo (Reuters) -Tesla Inc raised the U.S. prices for its Model S and X premium electric vehicles on Thursday, according to its website, although they are still 20% lower than at the start of the year after a slew of price cuts to drum up demand. The move came after Tesla (NASDAQ:) shares slumped nearly 10% on Thursday after the automaker missed its margin target, hit by aggressive price cuts.…
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – The Group of Seven (G7) economic powers called on Sunday for the “extension, full implementation and expansion” of a critical deal to export Ukrainian grain through the Black Sea, the group’s agriculture ministers said in a communique. Brokered by the United Nations and Turkey, the deal was signed in Istanbul last July, allowing Ukraine to export more than 27 million tonnes of grain from several of its Black Sea ports. Russia, which invaded its neighbour in February 2022, has strongly signalled that it will not allow the deal to continue beyond…
By Danilo Masoni and Joice Alves MILAN/LONDON (Reuters) -Short-sellers that bet against European banks are set to lose a billion dollars in April after anticipation of strong quarterly earnings helped the sector to recover from the shock downfall of Credit Suisse. Investors who set up bearish trades in the belief the sector’s stock prices would fall further have lost an estimated $1 billion so far this month, according to analytics firm Ortex, after making $2.7 billion in March, their largest profit on European bank short positions in more than a year. The STOXX European banks share index has risen by…
Cynics about investing, and there are quite a few, think that stocks are too dangerous a place to put your hard-earned money, expecting growth. They liken it to wagering in a casino. I’ve heard this a lot in the wake of the 2022 equity market plunge. We asked veteran financial advisor Rick Kahler, president of Kahler Financial Group in Rapid City, S. D., for his thoughts on the stock-casino comparison. Larry Light: Is investing in the stock market akin to gambling? I often hear that comparison. Rick Kahler: It certainly carries a reasonable amount of risk. Yet, done correctly, investing…
NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of inappropriate conduct,” its parent company Comcast announced Sunday. Shell will depart effective immediately in the wake of an investigation led by an outside counsel. “Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret,” Shell said in a statement. “I’m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years…
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