Thursday, 16 July 2020

Leaf Group says one board member quits, another leaves audit committee

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Leaf Group says one board member quits, another leaves audit committee

Leaf Group said in a regulatory filing on Wednesday that one of its board members resigned and another was removed from the audit committee because he is ineligible to serve on it.

Corporate activist investors eye Europe, Japan more in first half: Lazard

Activist investors demanded more change at European and Japanese companies in the first half of 2020 while giving U.S. companies a pass, for now, new data from investment bank Lazard show.

Chinese mutual fund industry sees jump in new funds and inflows

China's mutual fund industry saw another massive jump in new products and subscriptions in June, suggesting the swift rally in mainland stocks has room to run further.

BlackRock cast tougher climate votes, environmentalists want more

BlackRock Inc released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its recent emphasis on the area.

Faced with COVID-19, highest number of Australians tap retirement funds since April

Australians asked to pull out more than A$5 billion ($3.5 billion) from their pension funds in the first week of July, the highest since the government granted early access to retirement savings to support a coronavirus-hit economy.

Mednax CEO, board directors replaced amid settlement with Starboard

Healthcare services company Mednax's stock price closed up nearly 4% on Monday after its founder and chief executive and several board members were replaced, half a year after activist investor Starboard Value began pressing for change.

Leaf Group investors allege CEO conflicts tainted strategic review

Six major investors in Leaf Group, pushing for the ouster of the content company's chief, said on Monday his strong ties with a board member compromised a recent strategic review of the operator of online brands.

Did Uncle Sam's virus aid help your credit score? Don't count on a loan

Rachel Levine, a New York-based office furniture saleswoman, lost her job in late March without any notice or severance pay when the coronavirus outbreak shut down most of the city. The married, 44-year-old mom is still out of work, unsure when or whether she will return to her previous job.

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