Morgan Stanley Cuts Ceo Gorman S Pay to $315mn after Profits Drop
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Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull
Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.CNBC - Business -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
Morgan Stanley Raises a Fund to Hold World 50 for Longer
Morgan Stanley’s private-equity arm has collected $700 million in commitments to help prolong its control of World 50, an executive-networking business that has expanded rapidly since the firm acquired it as the Covid-19 pandemic began.The Wall Street Journal - World -
Buy energy stocks as Fed becomes less aggressive in fighting inflation, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.MarketWatch - Business - Federal Reserve -
Canada Goose shares drop after plans to cut 17% of corporate workforce
Canada Goose shares retreated Tuesday after the Canadian clothing company said it was again chopping head office jobs in a bid to reduce costs and position for longer-term growth.MarketWatch - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million
The bank hailed his “excellent performance in a defining year” for Switzerland’s largest bank by assets. Ermotti was recruited last April to serve as CEO for a second time.The Wall Street Journal - World -
They Chose to Take a Pay Cut---and Say They're Happier
Switching to a job with a lower salary often means trimming your expenses, but it can come with a raise in free time and work-life balance.The Wall Street Journal - World -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
In a Bumper Year for CEO Pay, a $161 Million Award Swells to $1.3 Billion
Broadcom boss’s compensation leads the pack in 2023 as big stock gains drive up the value of awards.The Wall Street Journal - World -
In a Bumper Year for CEO Pay, a $161 Million Award Swells to $1.3 Billion
Broadcom boss’s compensation leads the pack in 2023 as big stock gains drive up the value of awards.The Wall Street Journal - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million for Answering 'Call of Duty'
UBS gave Chief Executive Sergio Ermotti a $13.6 million bonus, hailing his “excellent performance in a defining year” for Switzerland’s largest bank by assets.The Wall Street Journal - World -
In 1 Sentence, Chipotle CEO Brian Niccol Just Taught a Master Class in Leadership. Every CEO Should Pay Attention
Chipotle is planning a 50-to-1 stock split because its share price is up more than 550 percent.Inc. - Business -
Shanahan, York grateful Juszczyk accepted 49ers' pay-cut proposal
Kyle Shanahan and Jed York voiced their appreciation for 49ers FB Kyle Juszczyk agreeing to the team's pay-cut proposal.Yahoo Sports - Sports - NFL -
Fantasy Hockey Drops: It's past time to cut these injured players
With the first week of the fantasy hockey playoffs in full swing, there just isn't much benefit to holding onto these injured players.Yahoo Sports - Sports - Fantasy Football -
Boeing CEO stepping down after series of accidents
Boeing CEO Dave Calhoun will step down from his role at the end of this year as the plane manufacturing company faces increased scrutiny following a series of high-profile accidents, the company announced Monday. Calhoun, in a letter to employees ...The Hill - Politics -
Commodity traders sitting on up to $120bn in cash after years of record profits
Gas and power trading has overtaken oil as the biggest source of profits in the sector, report findsFinancial Times - Business -
UFC releases fighter after DQ for biting opponent
Igor Severino was released by the UFC after he was disqualified for biting opponent Andre Lima in their bout Saturday night at UFC Fight Night.ESPN - Sports - UFC -
Bertelsmann Cuts 2026 Outlook After Disposals
Bertelsmann reported a slight drop in annual underlying earnings and forecast a modest rise in profits this year, but lowered its 2026 targets due to recent sale agreements.The Wall Street Journal - World -
Bertelsmann Cuts 2026 Outlook After Disposals
Bertelsmann reported a slight drop in annual underlying earnings and forecast a modest rise in profits this year, but lowered its 2026 targets due to recent sale agreements.The Wall Street Journal - Business -
Disgraced crypto CEO Sam Bankman-Fried sentenced to 25 years, must pay $11 billion
Sam Bankman-Fried was sentenced to 25 years in prison Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.ABC News - Top stories - Crypto -
Who can rescue Boeing?
David Gitlin, Stephanie Pope and Patrick Shanahan among possible contenders to succeed Dave CalhounFinancial Times - Business -
NBC News cuts ties with Ronna McDaniel after internal backlash
After a day of being battered by MSNBC hosts, the network reversed course on making the former Republican National Committee chair an on-air contributor.Los Angeles Times - Entertainment -
NBC cuts ties with former Republican party chair McDaniel after backlash
Staff and viewers had voiced outrage over her support for Donald Trump’s false claims of fraud in 2020 electionFinancial Times - Business -
Paxton to pay restitution, do community service, take ethics classes to avoid trial and have charges dropped
The Texas attorney general agreed to pay nearly $300,000 in restitution as part of the agreement with prosecutors.CBS News - Politics -
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.MarketWatch - Business -
The best- and worst-paying college majors, 5 years after graduation
Engineer majors earn double that of liberal arts majors five years after college.CNBC - Business -
Dani Alves allowed to leave Spanish jail after paying €1m bail
Former Barcelona and Brazil footballer is appealing against conviction and prison sentence for rape. The former Brazil international footballer Dani Alves, convicted of rape in Spain, has paid his bail of €1m and can leave jail pending his appeal, ...The Guardian - World -
Dan Morgan: Panthers are keeping in touch with Jadeveon Clowney
Panthers General Manager Dan Morgan would like to bring free agent pass rusher Jadeveon Clowney to Carolina, but no deal appears to be coming soon.Yahoo Sports - Sports -
In surprise leadership shakeup, Sundance Institute CEO steps down after 2.5 years
Joana Vicente, who joined Sundance Institute from the Toronto International Film Festival in 2021, will be replaced by acting CEO and institute board member Amanda Kelso.Los Angeles Times - Entertainment -
Gaza aid drop in sea leads to drownings
Video obtained by Reuters shows people rushing towards the aid drop as it landed in the sea.BBC News - Top stories -
Dana White confirms Igor Severino will be cut after biting opponent in UFC debut
He bit him. He really bit him.Yahoo Sports - Sports - UFC -
Oil rises after Ukraine strikes Russian refineries, Moscow orders output cuts to meet OPEC+ pledge
At least 10% of Russia's refining capacity has been disrupted by the attacks, according to British intelligence.CNBC - Business - Ukraine -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objections
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objectionsABC News - Entertainment -
NBC has cut ties with former RNC head Ronna McDaniel after employee objections, some on the air
NBC News will cut ties with former Republican National Committee chief Ronna McDaniel, hired last week as an on-air political contributorABC News - Entertainment -
NBC News cut ties with Ronna McDaniel days after it hired the former Republican National Committee chairwoman as a contributor.
NBC News cut ties with Ronna McDaniel days after it hired the former Republican National Committee chairwoman as a contributor.The Wall Street Journal - World -
Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates
U.S.-listed shares of Nio Inc. on Wednesday hovered around a 52-week low after the Chinese electric-vehicle maker cut its current-quarter sales estimates.MarketWatch - Business -
Corporate profits soar
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Corporate profits, economic growth skyrocket During the final quarter of 2023, gross domestic product (GDP) and corporate ...The Hill - Politics -
Joseph Morgan on stepping into the sci-fi realm in second season of "Halo"
Known for his roles as memorable villains, including "Klaus" from "The Vampire Diaries" and "The Originals," actor Joseph Morgan is set to join the cast of "Halo" for its second season on Paramount Plus.CBS News - Entertainment -
Dani Alves released from prison after paying bail while awaiting appeal of rape conviction in Spain
Brazilian soccer star Dani Alves has been released from prison after paying 1 million euros in bail to be set free while appealing a rape convictionABC News - Sports