Business

Citi CEO Jane Fraser’s pay rises 22% to $42 million

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Citigroup said on Thursday it had approved $42 million for CEO Jane Fraser's 2025 total compensation, up nearly 22% year over year. The compensation includes $1.5 million of base salary, $6.075 million in cash incentive and the rest in deferred... Read More.

Trump’s FTC chairman chides Apple boss Tim Cook for content of Apple news feed

Thursday, February 12 by SRN News

NEW YORK (AP) - The chairman of the Federal Trade Commission has written to Apple chief Tim Cook to complain that the company "suppressed" content from conservative news outlets in the Apple News feed that it loads onto many of its devices. Chairman Andrew Ferguson... Read More.

MLB Commissioner Rob Manfred optimistic major leaguers will play in 2028 Los Angeles Olympics

Thursday, February 12 by SRN News

PALM BEACH, Fla. (AP) - Baseball Commissioner Rob Manfred is optimistic that major leaguers will play in the 2028 Los Angeles Olympics. Manfred, speaking following an owners meeting Thursday, said there are still issues to resolve with the Major League Baseball Players Association before those... Read More.

Loss of Fed independence could push up inflation all around the world, Bundesbank warns

Thursday, February 12 by SRN News

FRANKFURT, Feb 12 (Reuters) - A loss of independence at the U.S. Federal Reserve could raise political pressure on central banks all around the world and boost inflation for everyone, Bundesbank President Joachim Nagel said on Wednesday. U.S. President Donald Trump has put relentless pressure... Read More.

Eli Lilly builds $1.5 billion stockpile of weight-loss pill ahead of FDA decision

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Eli Lilly had $1.5 billion worth of pre-launch inventory of its experimental oral weight-loss drug, a filing showed on Thursday, ahead of an expected decision by the U.S. Food and Drug Administration in April. Last year, the company had said it... Read More.

Australian lender Westpac’s first-quarter profit rises on loan, deposit growth

Thursday, February 12 by SRN News

Feb 13 (Reuters) - Australia's Westpac Banking Corp said on Friday its first-quarter underlying net profit rose 6% versus the average of the previous two quarters, driven by solid growth across customer deposits and loans. The country's third-largest lender by market capitalisation reported unaudited net... Read More.

Paramount eyes Pentwater Capital’s Halbower for Warner Bros’ board seat

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Paramount Skydance is eyeing a prominent hedge fund manager and investor in Warner Bros Discovery to run for a seat on the media company's board to try and scuttle its proposed tie-up with Netflix. Paramount is holding... Read More.

EPA ends credits for automatic start-stop vehicle ignition, a feature Zeldin says ‘everyone hates’

Thursday, February 12 by SRN News

DETROIT (AP) - The Environmental Protection Agency announced an end Thursday to credits to automakers who install automatic start-stop ignition systems in their vehicles, a device intended to reduce emissions that EPA Administrator Lee Zeldin said "everyone hates." In remarks with President Donald Trump on... Read More.

Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%

Thursday, February 12 by SRN News

The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks just as the housing market closes in on the spring homebuying season. The benchmark 30-year fixed rate mortgage rate slipped to 6.09% from 6.11% last... Read More.

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Current Weather

Citi CEO Jane Fraser’s pay rises 22% to $42 million

Trump’s FTC chairman chides Apple boss Tim Cook for content of Apple news feed

MLB Commissioner Rob Manfred optimistic major leaguers will play in 2028 Los Angeles Olympics

Loss of Fed independence could push up inflation all around the world, Bundesbank warns

Eli Lilly builds $1.5 billion stockpile of weight-loss pill ahead of FDA decision

Australian lender Westpac’s first-quarter profit rises on loan, deposit growth

Paramount eyes Pentwater Capital’s Halbower for Warner Bros’ board seat

EPA ends credits for automatic start-stop vehicle ignition, a feature Zeldin says ‘everyone hates’

Top Trump antitrust official leaves post following disputes over big mergers

Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%

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