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P&G appoints Peltz to board despite losing proxy battle
12/16 - (Reuters) - Procter & Gamble Co (>> Procter & Gamble Company) said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.
Hedge fund Elliott prepares second challenge to Hess Corp
12/15 - (Reuters) - Elliott Management Corp is readying for a new fight with Hess Corp (>> Hess Corp.) to remedy what the activist hedge fund called on Thursday "continuing underperformance" by the U.S. oil and gas producer.
Rupert Murdoch Says Disney Deal Is a Pivot, Not a Retreat
12/14 - By Sarah Rabil and Joe Flint By selling the bulk of his entertainment assets to Walt Disney Co., media titan Rupert Murdoch is making a calculation about changing winds in the me
UBS puts wealth management in hands of ex-Commerzbank boss Blessing
12/14 - ZURICH (Reuters) - UBS has put former Commerzbank boss Martin Blessing in charge of its market-leading wealth management business, sparking speculation that the Swiss bank could be lining him up as an eventual successor to chief executive Sergio Ermotti.
World Trade Organization Makes Scant Progress on Revising Rules
12/14 - By Taos Turner BUENOS AIRES -- Ministers from 164 countries concluded negotiations at a biennial World Trade Organization meeting Wednesday without agreements on how to modernize
Xerox 'desperately' needs new leadership, Icahn says
12/12 - (Reuters) - Activist investor Carl Icahn said on Tuesday Xerox Corp (>> Xerox Corp) "desperately" needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue.
Audi CEO drops plan to sell motorcycle brand Ducati
12/12 - INGOLSTADT, Germany (Reuters) - Germany's Audi (>> Audi AG) has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.
Shopping-Mall Operator Westfield Valued at $15.7 Billion in Takeover Offer
12/12 - By Mike Cherney SYDNEY-- Westfield Corp., the Australia-based company that operates U.S. shopping malls including at the World Trade Center in New York, said Tuesday it has agree
Japan's SMBC Nikko poised to poach bankers in push for U.S. growth
12/11 - TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's (>> Sumitomo Mitsui Financial Group, Inc.) brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.
Icahn nominates four directors to Xerox's board
12/11 - (Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's (>> Xerox Corp) board of directors, the company said on Monday, after a current Icahn-appointed director resigned due to a difference of opinion with the board.
Uber's London license appeal to be heard next year
12/11 - LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
ConsolidationDisney Deal for Fox Would End Hollywood EraFox Would Play Supporting Role at Disney -- WSJ
12/11 - Disney could scale back Fox film studio and use TV holdings to become a digital powerhouse Robert Iger wants TV holdings to help transform Disney into a digital powerhouse to rival Netflix
Macy's Executive Chairman Lundgren to retire in January
12/08 - (Reuters) - Department store operator Macy's Inc (>> Macy's Inc) said Executive Chairman and former Chief Executive Terry Lundgren would retire from the board at the end of January, completing the handover of both his roles to CEO Jeff Gennette.
Former BP boss Browne back with what he knows best - oil mergers
12/08 - LONDON (Reuters) - For Lord John Browne, the former chief of oil major BP, it feels like time has been rolled back 20 years and he is busy doing mega-mergers again.
JPMorgan's Dimon taking customer pricing hints from Amazon
12/08 - NEW YORK (Reuters) - JPMorgan Chase & Co (>> JP Morgan Chase & Company) expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday.
Oracle's Safra Catz among two new members named to Disney board
12/08 - (Reuters) - Media company Walt Disney Co (>> Walt Disney Company (The)) on Thursday named Oracle Corp's chief executive, Safra Catz, and her counterpart at Illumina Inc (>> Illumina), Francis A. deSouza, to its board.
Orange's boss Richard promises investors more of the same
12/07 - PARIS/LONDON (Reuters) - Orange's boss Stephane Richard told investors on Thursday he will stick with plans to invest heavily in upgrading networks rather than content as he bids for a third term to lead France's biggest telecoms operator.
Canada's Rogers Communications says chairman to step down Jan. 1
12/07 - TORONTO (Reuters) - Canada's Rogers Communications Inc said on Thursday that the chairman of its board, Alan Horn, will step down effective Jan. 1 and be replaced by Edward Rogers, the company's current deputy chair and son of founder Ted Rogers.
BASF agrees oil unit merger with Fridman's DEA to spur expansion
12/07 - FRANKFURT/LONDON (Reuters) - Chemical giant BASF (>> BASF) agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said.