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Rio Tinto CEO to depart after shareholders demand action over Australia cave blast

MELBOURNE (Reuters) – Miner Rio Tinto (RIO.AX) said on Friday its chief executive and two senior executives will step down amid mounting shareholder criticism of its destruction of historically significant Aboriginal rockshelters and the way it managed its response. A process to identify a successor to CEO Jean-S?bastien Jacques was under way and he will … Read more Rio Tinto CEO to depart after shareholders demand action over Australia cave blast

Rio Tinto top executives to step down after Australia cave blast review

(Reuters) – Rio Tinto (RIO.AX) said on Friday its chief executive would step down in the wake of mounting dissatisfaction over the findings of an internal review into how the miner legally destroyed historically significant Aboriginal rockshelters. A process to identify a successor to CEO Jean-S?bastien Jacques was under way and he will continue in … Read more Rio Tinto top executives to step down after Australia cave blast review

Boeing in talks with FAA about new reported 787 production issue

(Reuters) – Boeing Co (BA.N) said late on Thursday it was in discussions with U.S. safety regulators about a new manufacturing issue in its 787 Dreamliner that was found last year. KOMO News Radio reported the new issue involves the vertical tail fin on the 787, citing federal records. Asked about the new issue, the … Read more Boeing in talks with FAA about new reported 787 production issue

Samsung touts 'best salesman' Lee's role in $6.6 billion Verizon deal as trial looms

SEOUL (Reuters) – As Samsung Electronics’ (005930.KS) leader Jay Y. Lee readies for a new trial next month, the tech giant has quietly ramped up a public relations campaign touting Lee’s deal-making expertise including in winning a $6.6 billion contract from Verizon (VZ.N). Lauding the Samsung heir as ‘the best salesman’, the firm has over … Read more Samsung touts 'best salesman' Lee's role in $6.6 billion Verizon deal as trial looms

Rio Tinto CEO to step down after Australia cave blast review

(Reuters) – Rio Tinto (RIO.AX) said on Friday its chief executive would step down in the wake of mounting dissatisfaction over the findings of an internal review into how the miner legally destroyed historically significant Aboriginal rockshelters. A process to identify a successor to CEO Jean-S?bastien Jacques was under way and he will continue in … Read more Rio Tinto CEO to step down after Australia cave blast review

Fortnite creator Epic Games says gamers can use Apple sign-in system

(Reuters) – “Fortnite” creator Epic Games said on Thursday Apple Inc (AAPL.O) has given its users an “indefinite extension” to log into the game using an Apple sign-in system. Apple and Epic Games have been in a legal tussle since August, when the maker of the popular video game launched its own in-app payment system, … Read more Fortnite creator Epic Games says gamers can use Apple sign-in system

U.S. bankruptcy judge rejects LATAM Airlines proposed $2.4 billion financing deal

SAO PAULO (Reuters) – A U.S. bankruptcy judge on Thursday rejected a $2.4 billion financing plan for struggling LATAM Airlines (LTM.SN) on the grounds that a convertible loan included as part of the package would amount to “improper” treatment of other shareholders. The move is a setback for LATAM, which needs short-term liquidity. But in … Read more U.S. bankruptcy judge rejects LATAM Airlines proposed $2.4 billion financing deal

Elliott's Cohn steps off eBay board, two newcomers join

BOSTON (Reuters) – Elliot Management is giving up its board seat at eBay Inc (EBAY.O), the company said on Thursday, less than two years after laying out a blueprint for improvements at the ecommerce company that included divestitures and led to a doubling of the stock price. Elliott partner Jesse Cohn, who runs the hedge … Read more Elliott's Cohn steps off eBay board, two newcomers join

Bayer CEO wins term extension, makes progress on Roundup settlement

FRANKFURT (Reuters) – Bayer’s (BAYGn.DE) Chief Executive Werner Baumann won an extension of his contract until 2024, in a show of support from the drugmaker’s new chairman just months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedkiller. In a statement on Thursday, the group also said it would only be … Read more Bayer CEO wins term extension, makes progress on Roundup settlement