Monday 14 February 2022

Reuters Business: Citigroup raises Fraser's pay by 32% after appointing her as CEO

Citigroup raises Fraser's pay by 32% after appointing her as CEO

Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head of its consumer businesses, the bank disclosed on Monday.

Prominent investors stocked up on Peloton as stock stumbled in late 2021

Peloton Interactive Inc's stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions.

EXCLUSIVE Alberta to toughen oil sands emissions standards that reward big Canadian polluters

The province of Alberta plans to toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada's highest-emitting facilities with millions of dollars' worth of tradeable credits, two sources with knowledge of the changes told Reuters.

New Zealand homes sales and prices ease in January

Compounding factors are influencing a decrease in house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.

End of Lockheed-Aerojet deal puts pressure on leadership of both firms

Lockheed Martin's exit from its purchase of engine maker Aerojet Rocketdyne has refocused investors on the compounding list of problems at the companies, as pressure grows on Lockheed management to improve lagging performance.

U.S. airlines see 2021 traffic jump, but below pre-pandemic levels

U.S. passenger airlines carried 670.4 million passengers in 2021, up 83% over 2020 levels but still down significantly from pre-pandemic levels, the Transportation Department said on Monday.

Brazil's Supreme Court annuls billion-dollar labor dispute against Petrobras

Brazil's Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees.

Warburg, Sternlicht SPACs discuss $20-bln, three-way deal for Allied Universal

Blank-check companies backed by buyout firm Warburg Pincus and billionaire real estate investor Barry Sternlicht are in talks to take security services firm Allied Universal public in a $20 billion deal, according to a source familiar with the matter.

As markets churn over Russia-Ukraine conflict, history shows fleeting impact

Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term, but most U.S. market fallout related to geopolitics is likely to be short-lived, if history is any guide.

U.S. short-term rate futures pare back odds of Fed inter-meeting move

U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March policy meeting.

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