Friday, 21 January 2022

Reuters Business: Morgan Stanley board lifts CEO Gorman's pay to $35 million

Morgan Stanley board lifts CEO Gorman's pay to $35 million

Morgan Stanley Chief Executive Officer James Gorman will get a 6% raise in annual pay, bringing his total compensation for 2021 to $35 million, the bank said on Friday.

GM sets $6.5 bln for in Michigan electric vehicle plants -document, sources

General Motors and a joint venture with LG Energy Solution are to set announce investments of more than $6.5 billion next week in Michigan in new electric truck and battery plants, according to a state document and sources briefed on the matter.

Europe kept waiting as Intel commits to new U.S. chip factories

Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion investment in two new U.S. semiconductor plants.

Google asks judge to dismiss most of Texas antitrust lawsuit

Alphabet Inc's Google asked a federal judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market.

Poultry producer Pilgrim's Pride lifts wages in tornado-hit Mayfield

Pilgrim's Pride Corp said on Friday it would raise starting wages for workers at its Mayfield, Kentucky, production facility by $2 to $16.50 per hour after the area was devastated by a chain of deadly tornadoes last month.

Wall St Week Ahead Investors shelter in U.S. regional banks as Fed hikes loom

Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy.

Royal Dutch no more - Shell officially changes name

Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain.

Qatar releases video, hits back at Airbus in A350 paint dispute

Qatar Airways took a $4 million-a-day dispute with Europe's Airbus to social media on Friday, publishing a video of the scarred exterior of grounded A350 jets that the airline said underscored "serious and legitimate safety concerns."

How a Russian-Ukraine conflict might hit global markets

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe have assets.

EXCLUSIVE Chime lines up Goldman Sachs for blockbuster IPO -sources

Digital banking provider Chime Financial Inc has asked Goldman Sachs Group Inc to help it with preparations for an initial public offering in New York, according to people familiar with the matter.

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