Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman's total compensation for 2019 to US$27 million, from US$29 million in 2018, according to regulatory filings.
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
U.S. consumer electronics retailer Best Buy Co said on Friday its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports.
Boeing Co said on Friday it is addressing a new software issue discovered during a technical review of the proposed update to the grounded Boeing 737 MAX in Iowa last weekend.
Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential US$16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said.
Chief merchandising officer of Walmart Inc's U.S. operations, Steve Bratspies, is set to leave the big-box retailer, according to an internal memo sent on Friday.
