Business

AT&T on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration. AT&T paid Essential Consultants, a firm set up by Cohen, a total of $600,000 over 2017 for
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Also, she’s asked that shareholders vote against approving the company’s executive compensation plan — the so-called say on pay. Three independent proxy advisory firms — Institutional Shareholder Services, Egan-Jones Proxy Services and Glass Lewis & Co. — have come out in support of her position on rejecting the say-on-pay proposal and to withhold votes from
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Even some potential victims of modernisation have been borne in mind. Mikael Karlsson, a former driver and football coach, displays a fan of glossy homeless charity magazines and sports an ID badge with a QR code. Anyone wanting to buy a copy just has to scan the code with their app. “When I started, I
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Ford Motor could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. Ford shut truck plants in Michigan, Missouri and Kentucky earlier this week because of parts shortages caused by a supplier fire in Michigan. Also on
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Check out the companies making headlines before the bell: Nvidia — Nvidia reported adjusted quarterly profit of $2.05 per share, well above the consensus estimate of $1.47 a share. The chipmaker’s revenue also comfortably topped Wall Street’s forecasts, with gaming revenue jumping 68 percent, and Nvidia also gave an upbeat current quarter forecast. The company’s
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Instagram | Elon Musk The new “Block 5” variation of SpaceX’s Falcon 9 rocket, rolling out to launchpad 39A at Kennedy Space Center, Florida. Being able to launch, land and launch again with minimal refurbishment between flights has been a central focus for SpaceX. The company has become quite successful at landing the largest part
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Reactions are split on California’s decision to mandate solar panels on new homes in the state. The measure, approved by California regulators in a unanimous decision on Wednesday, will require all new residential buildings, including apartments and condos that are three stories or fewer, to have rooftop solar panels starting in 2020. The California Energy
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Telecommunications giant AT&T paid Michael Cohen, the personal lawyer for President Donald Trump, up to $600,000 as part of a consulting contract to get insight into Trump’s thinking, a source told CNBC on Wednesday. The source said that the payment to Cohen was for “actual work done,” adding: “And it wasn’t to pay for access
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The Walt Disney Company reported fiscal second-quarter earnings that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: $1.84 per share vs. $1.70 per share forecast by Thomson Reuters Revenue: $14.55 billion vs. $14.11 billion forecast by Thomson Reuters Shares of Disney gained more than 1
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BNP Paribas reported a 17 percent fall in net income during the first quarter of the year, highlighting “lackluster” trading activity in Europe. Here are some of the highlights: Revenues: 10 billion euros ($11.98 billion) in the first quarter of 2018, compared to 11 billion euros in the first quarter of 2017. Operating income: 1.923
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Federal prosecutors in Detroit on Thursday unsealed charges against former Volkswagen Chief Executive Martin Winterkorn, accusing him of conspiring to mislead regulators about the German automaker’s diesel emissions cheating. Volkswagen did not immediately comment An indictment filed in secret in March was unsealed in U.S. District Court on the same day as Volkswagen’s annual meeting
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