Business

Analysis-After bitter proxy fight, Lululemon CEO could use war chest to revamp bruised brand

Wednesday, May 27 by SRN News

By Danielle Kaye NEW YORK, May 27 (Reuters) - Hard-hit Lululemon Athletica has ended a months-long proxy fight with founder Chip Wilson that weighed on its shares amid weakening brand appeal. Shares in the sports apparel brand tumbled nearly 60% in the past year and... Read More.

Lazard taps BofA veteran Burton-Morgan for new ECM advisory role, source says

Wednesday, May 27 by SRN News

May 27 (Reuters) - Investment bank Lazard has hired industry veteran Daniel Burton-Morgan to lead a newly created advisory role, a source familiar with the matter said on Wednesday. The details of the move are below: • Burton-Morgan will be the head of... Read More.

Independent bookstores are multiplying, although many people still think they’re dying out

Wednesday, May 27 by SRN News

NEW YORK (AP) - Allison Hill, CEO of the American Booksellers Association, is used to strangers expressing sympathy when they learn what she does for a living. "It's all so funny," she says. "When I tell them I run the trade association for independent... Read More.

The Media Line: Oil Prices Fall as Traders Watch Hormuz and US-Iran Talks

Wednesday, May 27 by SRN News

Oil Prices Fall as Traders Watch Hormuz and US-Iran Talks By The Media Line Staff Oil prices fell Wednesday as traders weighed renewed US-Iran diplomacy against fresh military action near the Strait of Hormuz, the Gulf chokepoint that has kept global... Read More.

Exxon wins shareholder backing for legal move to Texas

Wednesday, May 27 by SRN News

By Sheila Dang and Arunima Kumar HOUSTON, May 27 (Reuters) - Exxon Mobil shareholders on Wednesday approved the company's plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the... Read More.

GE Aerospace sees no airline pullback in engine maintenance despite fuel spike

Wednesday, May 27 by SRN News

By Rajesh Kumar Singh CHICAGO, May 27 (Reuters) - GE Aerospace has not seen airlines pull back on engine maintenance or parts orders despite higher fuel prices and softer flight departures, CEO Larry Culp said on Wednesday, signaling continued strength in the aircraft engine maker's... Read More.

US, Mexico set three rounds of trade deal talks without Canada

Wednesday, May 27 by SRN News

By David Lawder MEXICO CITY, May 27 (Reuters) - The Trump administration's trade agency said on Wednesday it will kick off the first of three negotiating rounds with Mexico this week to revamp the North American trade agreement, but made no mention of any talks... Read More.

Trump’s domestic shipping waiver has not cut gasoline prices by much, data shows

Wednesday, May 27 by SRN News

By Arathy Somasekhar and Jarrett Renshaw HOUSTON, May 27(Reuters) - President Donald Trump's waivers allowing foreign-flagged ships to move oil and fuel between U.S. ports have had little impact on high domestic gasoline prices due to elevated shipping rates and the relatively small fuel volumes... Read More.

BofA CEO sees 15% growth in second-quarter trading revenue

Wednesday, May 27 by SRN News

By Saeed Azhar and Utkarsh Shetti NEW YORK, May 27 (Reuters) - Bank of America expects trading revenue to jump 15% in the second quarter from a year ago when the market was hit by the volatility from higher U.S. tariffs, its CEO, Brian Moynihan,... Read More.

9 missing after Washington paper mill tank implosion and officials say there’s no hope of survivors

Wednesday, May 27 by SRN News

LONGVIEW, Wash. (AP) - Crews were set to resume searching Wednesday for nine workers at a Washington paper mill where a tank imploded, releasing a highly destructive chemical mixture called "white liquor" and causing at least one confirmed death. Authorities said there was no... Read More.

Current Weather

Analysis-After bitter proxy fight, Lululemon CEO could use war chest to revamp bruised brand

Lazard taps BofA veteran Burton-Morgan for new ECM advisory role, source says

Independent bookstores are multiplying, although many people still think they’re dying out

The Media Line: Oil Prices Fall as Traders Watch Hormuz and US-Iran Talks

Exxon wins shareholder backing for legal move to Texas

GE Aerospace sees no airline pullback in engine maintenance despite fuel spike

US, Mexico set three rounds of trade deal talks without Canada

Trump’s domestic shipping waiver has not cut gasoline prices by much, data shows

BofA CEO sees 15% growth in second-quarter trading revenue

9 missing after Washington paper mill tank implosion and officials say there’s no hope of survivors

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