An Activist Crusade Against Williams CEO Ends With Board Mutiny
The bad blood between Williams Cos. chief Alan Armstrong and directors who quit the company’s board on Thursday runs deeper than a $33 billion merger with Energy Transfer Equity LP that fell apart this week.In fact, it goes back years. Alan Armstrong Photographer: F. Carter Smith/Bloomberg Williams shareholders Eric Mandelblatt and Keith Meister had been voicing concerns about Armstrong’s leadership since at least 2013, a person with direct knowledge of the situation said, asking not to be id..>> view originalUS stock indexes end strong week with tiny gains
U.S. stock indexes marked their fourth consecutive gain Friday, an upbeat finish for a week that got off to a turbulent start as investors fretted about Britain’s vote to leave the European Union. In the days since the two-day market tumble ended on Tuesday, the U.S. stock market came close to regaining all the ground lost since the vote last week. It ended the week up 3 percent, its biggest weekly gain since November. The main stock indexes in Europe posted even bigger gains this week, with Br..>> view originalUS factory data, auto sales improve, construction spending slips
WASHINGTON U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year.Automakers reported higher June sales amid strong demand for pickup trucks and sport utility vehicles, but on an annualized basis, the June industry selling rate came in at 16.66 million units, well below May's sales pace of 17.45 million.Ford Moto..>> view originalFed's Stanley Fischer Says Brexit Implications Still Being Evaluated
Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data. Mr. Fischer said the U.S. economy “has done pretty well” since the dismal May...>> view originalUS Construction Spending Surprises with 0.8% Slip in May
| Share | Share | Share | Share The total nominal value of construction spending put in place in the U.S. fell 0.8% in May to a seasonally adjusted annual rate of $1,143.3 billion from a downwardly-revised estimate of $1,152.4 billion in April. The May report included annual revisions dating back to January 2014. Back-to-back negative construction spending readings in April and May suggest the second quarter will be weak. Moreover, declines are broadly based with much of the weak..>> view originalHyperloop One Replaces Co-Founder Brogan BamBrogan with Senior Vice President of Engineering Josh Giegel
Hyperloop One Inc. on Friday announced an executive shake-up, replacing one of the startup’s founders with its senior vice president of engineering, just as it faces a critical juncture in bringing its high-speed transport technology to life. Hyperloop One said it has promoted Josh Giegel to president of engineering. Mr. Giegel, who joined the company in November 2014, is taking over from Brogan BamBrogan, who as chief technology...>> view originalCuomo's Start-Up NY program creates only 408 jobs so far
A signature job creation program created by Democratic Gov. Andrew Cuomo has generated only 408 new jobs in its first two years, according to a state report quietly published on a state website Friday evening.The program, Start-Up NY, uses tax-free zones at colleges and universities to attract companies. The report says 159 businesses and their employees have received $1.19 million in tax benefits so far while investing $13 million in the economy. The state also set aside up to $175 million for..>> view originalChipotle acts quickly after exec indicted on drug charge
After a rocky relationship with customers, Chipotle is trying something new to win them back. Keleigh Nealon (@keleighnealon) has the story. Buzz60A Chipotle executive has been put on administrative leave after a drug-buying indictment(Photo: Keith Srakocic, AP)After news broke that an executive was indicted on a drug charge, his employer, Chipotle, quickly put Mark Crumpacker on administrative leave.That was the prudent move to allow the beleaguered seller of Mexican fare to focus on i..>> view originalBrexit triggers surprise emerging market asset rally
NEW YORK When British voters shocked world markets by voting to leave the European Union last week, emerging markets assets seemed among the most vulnerable to a full-on retreat to safe havens from riskier investments.Yet as investors have realized that the vote and the resulting uncertainty will probably keep the U.S. Federal Reserve on the sidelines at least until December, emerging currencies, stocks and sovereign bonds have stormed higher - outpacing a wider market bounce-back from the ini..>> view original
Sunday, July 3, 2016
An Activist Crusade Against Williams CEO Ends With Board Mutiny and other top stories.
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