By Jessica DiNapoli NEW YORK (Reuters) – Descendants of Procter & Gamble (NYSE:)’s founders lost a bid on Tuesday to oust CEO Jon Moeller and members of the committee overseeing environmental sustainability for allegedly failing to manage deforestation risks in the consumer goods maker’s supply chain. At the company’s virtual annual meeting, shareholders voted in Moeller and members of the governance and public responsibility committee for another one-year term, the company said, citing preliminary results. The descendants asked shareholders last month to vote out the executives, saying that P&G, one of the world’s biggest buyers of wood pulp, has not…
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Aristocrat Gaming CEO Hector Fernandez told CNBC that digital opportunities are key to the company’s future — as is ensuring its intellectual property is protected.Fernandez said he welcomes competition, but added “one of the things that is pivotal for us is to aggressively defend our IP that we create.”Global gamemaker Aristocrat sued competitor Light & Wonder in federal court, accusing it of copyright infringement and claiming that Light & Wonder’s “Dragon Train” game too closely resembled its own Dragon Link games.The District Court of Nevada agreed and issued a preliminary injunction against Light & Wonder late last month. Light & Wonder…
By Marcela Ayres BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s nominee to lead the central bank, Gabriel Galipolo, said on Tuesday that the leftist leader was emphatic and clear in guaranteeing him freedom in decision-making. Regarded as a heterodox economist with direct access to Lula, Galipolo, currently the central bank’s director of monetary policy, has sought to ease market concerns about his potential for leniency on inflation if pressured by the president. Speaking at a Senate committee hearing, where his nomination to lead the bank starting next year was approved unanimously on Tuesday, Galipolo reiterated commitment to pursuing…
While BMW may seem indifferent to fan feedback on its recent designs, the truth is more nuanced. The oversized kidney grilles haven’t been universally adopted, and the XM’s divisive styling hasn’t influenced other models. Despite subjective opinions, the 8 Series stands out as a modern design gem. Its sleek lines and elegant proportions make it a standout among BMW’s current offerings. Rumors suggest the 8 Series may be discontinued next year, potentially replaced by an electric successor. This new model could share the CLAR platform with the current 8 Series and bridge the gap between the i5 and i7. While…
As the automotive industry gears up for the 2025 model year, Toyota is continuing its commitment to offering a diverse range of vehicles. While many automakers are focusing on trucks and SUVs, Toyota is maintaining a balanced approach with both passenger cars and crossovers. One of the highlights of Toyota’s 2025 lineup is the updated Corolla. The regular Corolla remains the most affordable hybrid in the US, and it has received a new FX special edition. For those seeking more space, the Sienna minivan offers a spacious interior and advanced safety features, including a state of the art rear seat…
The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the unprecedented rally.Hong Kong’s benchmark Hang Seng Index (^HSI), which is loaded with large Chinese stocks, dropped around 9% on Tuesday, its worst day since October 2008, after climbing around 20% over the past month on the heels of China unleashing its most aggressive monetary stimulus since the pandemic.China’s benchmark CSI 300 (000300.SS) also experienced a volatile day as expectations of a large stimulus announcement fueled an initial…
By Niket Nishant and Manya Saini (Reuters) – Warren Buffett-led Berkshire Hathaway (NYSE:) further cut its stake in Bank of America, a late Monday filing showed, netting the investment giant more than $10 billion since it started the share sale in July. Buffett, who began investing in the second largest U.S. lender in 2011, had a 13.1% stake worth around $45 billion as of July. The latest round of sales have reduced the stake to 10.1%. The selling spree by Buffett appears to be unnerving other BofA shareholders, at a time when the outlook for the banking industry remains murky…
While many custom bike shops focus primarily on aesthetics, Tossa R in Sofia, Bulgaria, has established a reputation for comprehensive motorcycle customization. Asen Zahariev and his team are dedicated to not only enhancing the appearance but also modernizing the performance of their builds. The Gold Digga, a stunning BMW R 100 cafe racer commissioned by a Maltese customer in 2021, is a prime example of its exceptional craftsmanship. This meticulously engineered machine showcases a harmonious blend of classic charm and modern technology. Tossa R’s team meticulously disassembled the classic airhead, replacing its original components with high quality aftermarket parts. The…
The Dodge Challenger, a muscle car icon, was introduced in 1970. Sharing the E-body platform with the Plymouth Barracuda, it quickly gained popularity, selling nearly 77,000 units in its first year. While the Challenger remained in production until 1974, its muscle car glory was short lived, ending in 1971 with the removal of high compression big block V8 engines. Despite its brief reign, the Challenger remains a highly sought after collectible. One of the most desirable Challenger models is the R/T, which was offered with a variety of powerful engines, including the base 383 cubic inch V8, the more potent…
In a challenging year for Catcha Investment Corp. (CGBS), the company’s stock price plummeted to a 52-week low, reaching a mere $0.26. This significant downturn reflects a staggering 1-year change, with the stock value eroding by -97.58%. Investors have witnessed a dramatic contraction in market confidence, as the stock struggles to find a foothold after such a precipitous drop from its previous levels. The current price point marks a critical juncture for the company, as it grapples with market dynamics and internal strategies to regain its footing and investor trust. In other recent news, Crown LNG Holdings Limited has been…