Morgan Stanley Loses $3 Million Deferred-Comp Case to Advisors
The advisors claimed Morgan Stanley had improperly withheld deferred compensation when they left the company to work elsewhere.
The advisors claimed Morgan Stanley had improperly withheld deferred compensation when they left the company to work elsewhere.
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.
Last week, you might have seen that Canadian National Railway Company ( TSE:CNR ) released its first-quarter result to...
In this article, we discuss the 20 Countries That Increased Oil Production the Most in A Decade. If you want to skip our discussion of the oil markets, you can go directly to 5 Countries That Increased Oil Production the Most in A Decade. Oil stands as an important commodity that has influence across industries […]
BEIJING (AP) — How about turning a car's front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimeter) screen for the passengers in the back seat? The seemingly never-ending efforts of China's electric car makers to redefine the automobile went on display Thursday at the opening of the nation's largest annual auto show. They are forcing established makers such as Volkswagen and Nissan to change th
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week's event, and there are at least seven Chinese automakers touting its Qiankun installed in their cars as the most sophisticated advanced driving assistance system (ADAS) to date. Even Germany's Volkswagen will equip its China-made, China-bound Audi Q6L e-tron with Qiankun upon the car's 2025 launch, in Huawei's first deal with a foreign automaker, two people with knowledge of the matter told Reuters.
Japanese automaker Honda has announced a $15-billion plan to build four new electric vehicle manufacturing plants in Ontario. Mike Drolet reports on the federal government's efforts to re-energize Canada's auto sector, and the reasons why Honda chose Ontario.
(Bloomberg) -- General contractor Hely Duarte is considering laying off half his workers because New York City’s transit system is halting most capital projects as its legal battle with New Jersey over congestion pricing lingers on. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBig Tech Surges in Late Hours o
Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign technology. The sizes of subsidies were not specified in a document outlining the initiative by the Beijing Municipal Bureau of Economy and Information Technology dated April 24. "Companies that purchase domestically controlled GPU chips for intelligent computing services will receive support based on a certain percentage of their investment," the document showed, referring to chips known as graphics processing units (GPUs).
International Data Corp. said Lunar New Year stimulated shopping sentiment, and in high-end devices Android phones are winning over customers.
The lawsuit alleges “severe” and “pervasive” harassment by the recording artist.
Planning for retirement isn't a one-and-done kind of thing. There are many different stages of retirement, and it's important to have a plan for each of them. What this means is that even if you...
Hungary's government plans to sue Austrian supermarket chain Spar for defamation, Prime minister Viktor Orban's chief of staff told a press conference on Thursday. "Proceedings will be opened against Spar, in court, and presumably for defamation," Gergely Gulyas said. Spar did not immediately respond to a request for comment.
CALGARY — Imperial Oil Ltd. pushed its Kearl oilsands project to record production for its first quarter as it continues to ramp up output ahead of the opening of the Trans Mountain pipeline expansion. The company averaged production of 277,000 barrels per day at the project, up about seven per cent from the same quarter last year. "I'm very pleased to report that we sustained the strong operating momentum from the past several quarters," chief executive Brad Corson told analysts on a conference
With interest in electric vehicles seemingly lagging, is Honda’s $15-billion plan to build four electric vehicle plants in Ontario a good investment? CBC’s Erica Johnson asks industry experts David Booth and Daniel Breton to break down the risk versus reward.
Republican attorneys general from 17 states filed a lawsuit Thursday challenging new federal rules entitling workers to time off and other accommodations for abortions, calling the rules an illegal interpretation of a 2022 federal law. The lawsuit led by Tennessee and Arkansas comes since finalized federal regulations were published April 15 to provide guidance for employers and workers on how to implement the Pregnant Workers Fairness Act. The language means workers can ask for time off to obtain an abortion and recover from the procedure.
Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. Honda expects to add at least 1,000 more workers for the two new facilities. There's also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp.
The battery industry is experiencing a seismic shift as demand for renewable energy solutions increases. With electric vehicle (EV) sales expected to double from 2023 to 2027, reaching 31.6 million […]
A millennial boss lets her employees make their own schedule, wear what they want and treats them to private yacht trips. Maddy Birdcage, 34, switched up how she ran her business after her company faced an $100,000 AUD tax debt she blames on her own micro-managing. The mum-of-two fired half her employees and started from scratch again - hiring self-motivated problem solvers, she said. She lets her team of nine bring their kids into the office during school holidays, set their own schedules and work from home when they need to. Maddy also feels it it important to treat her staff and is planning to take them on a $40k AUD overnight yacht trip when they all hit a team goal.
Grupo Mexico expects its Southern Copper mining arm to produce over 1 million metric tons of copper by 2027, the division's finance chief said on Friday, pointing to better-than-expected production from its portfolio of projects. The company also edged up its forecasts for this year, predicting output of 949,000 tons, said Leonardo Contreras, the unit's chief financial officer, in an earnings call. Earlier this year, Grupo Mexico predicted output of 935,900 tons of copper for 2024, up from the 911,014 tons produced last year.