Uber chief executive laments U.S. trade policy for lackluster IPO

WASHINGTON/NEW YORK (Reuters) – Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price. The comments from Khosrowshahi continue the fallout from Uber’s IPO, which was the most anticipated U.S. listing since Facebook Inc seven years ago but has struggled […]

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Morgan Stanley CEO slams US trade policy, regulations

NEW YORK (Reuters) – The United States is edging dangerously close to a “full-blown” trade war with China, and its regulators impose overly punitive financial regulations, Morgan Stanley Chief Executive Officer James Gorman said on Tuesday. Following a recent visit to Asia, Gorman is concerned that the United States and China have moved from a “tit-for-tat” dispute to something worse, […]

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Morgan Stanley CEO slams US trade policy, regulations

NEW YORK (Reuters) – The United States is edging dangerously close to a “full-blown” trade war with China, and its regulators impose overly punitive financial regulations, Morgan Stanley Chief Executive Officer James Gorman said on Tuesday. Following a recent visit to Asia, Gorman is concerned that the United States and China have moved from a “tit-for-tat” dispute to something worse, […]

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Why JPMorgan Chase CEO Jamie Dimon compares his bank to Netflix

JPMorgan’s Dimon not seeing a recession in next couple years JPMorgan Chase CEO Jamie Dimon on concerns over technology’s impact on the job market, the state of the U.S. economy and the rise in capital expenditures. In a bid to oppose the idea that banks have volatile financial results, JPMorgan Chase CEO Jamie Dimon says investors should think about his […]

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Walmart CEO may fire up federal minimum wage debate

Walmart CEO on offering education assistance to employees Walmart CEO Doug McMillon on its shareholder meeting and jobs in America. During Walmart’s annual shareholders meeting at its headquarters in Arkansas on Wednesday, CEO Doug McMillon panned the federal minimum wage as the retailer faced criticism from Sen. Bernie Sanders over its pay practices. Continue Reading Below McMillon started off the […]

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Boston Beer CEO: $300M Dogfish Head merger to help brewer compete with Coors, Anheuser-Busch

Boston Beer, Dogfish Head merging in $300M deal Boston Beer co-founder Jim Koch and Dogfish Head co-founder Sam Calagione on the companies’ $300 million deal to merge. Samuel Adams maker Boston Beer Co. Inc. is merging with a smaller craft brewer, Dogfish Head, in a deal worth $300 million. Continue Reading Below “This was really a merger of people with […]

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Allergan CEO Saunders wins vote to keep chairman role

NEW YORK (Reuters) – Allergan Plc shareholders have voted down a nonbinding proposal that sought an immediate split of the roles of chairman and chief executive, with 61.3 percent of shareholders backing Chairman and CEO Brent Saunders. Billionaire investor David Tepper’s hedge fund Appaloosa LP made the proposal, arguing that drugmaker Allergan currently has a questionable business strategy and excessive […]

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Kraft Heinz hires global brand expert Patricio as CEO

(Reuters) – Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies. Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, […]

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