In Today’s News

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BlackRock adds to key executive committee in talent shuffle, Financial Times reports

The appointments to BlackRock’s global executive committee include Sarah Melvin, head of the company’s UK business, and Mike Pyle, who is the deputy head of the portfolio management group within BlackRock, the report added.A spokesperson for BlackRock declined to comment on the report.Vice Chairman Mark McCom … Read More »

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Tesla settles 2019 California crash lawsuit ahead of jury trial, Bloomberg News reports

The settlement marks the latest move by the Elon Musk-led firm to avoid a jury trial over a fatal crash. The electric-vehicle maker has settled several other cases involving its vehicles and self-driving technology. The trial was scheduled to start in about a month in Alameda County Superior Court, the report … Read More »

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Oracle, Silver Lake consortium to control 80% stake in TikTok in US, WSJ reports

A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said. The company would also have an American-dominated board, with one member designated by the U.S. government.Current users of the app will be asked to shift … Read More »

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Other Headlines

Analysis-Trump’s call to end quarterly reports gets unlikely support from climate-conscious investors

LONDON (Reuters) – A call by Donald Trump to ditch quarterly corporate reporting has received cautious support from an unlikely source: international investors pushing business to do more on longer-term sustainability issues, many lambasted by the U.S. president.Trump on Monday called for companies to shi … Read More »

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