U.S. stock index futures rose on Thursday as investors looked ahead to the start of a central banking summit in Jackson Hole, Wyoming.US Marketsread more
"My sense was we've added accommodation and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
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Sterling hit a three-week high against the dollar Thursday after German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31...Europe Economyread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says.Economyread more
Volkswagen has not violated disclosure rules, management board member Christine Hohmann-Dennhardt told shareholders on Wednesday, as regulators probe whether the company disclosed emissions test cheating in a timely manner.
"VW remains convinced that it met capital markets obligations," Hohmann-Dennhardt told the annual general meeting in Hanover, Germany on Wednesday.
The prosecutors in Braunschweig, near VW's Wolfsburg headquarters, said on Monday they were investigating former VW CEO Martin Winterkorn and a second unidentified executive over whether they effectively manipulated markets by delaying the release of information about the firm's emissions test cheating.
VW and U.S. regulators were in talks for months about the carmaker's emissions tests, but it was not until Sept. 18 that the cheating was announced to financial markets.
Global investment adviser Hermes EOS called on Wednesday for shareholders to vote against the discharge of the management and the supervisory board at today's AGM.
In a note published ahead of the meeting, Dr Hans-Christoph Hirt, co-head of Hermes EOS said that the advisory firm had "initiated a request for a special audit to investigate the acts and potential breaches of duty by the two boards. "
It also recommended its clients "vote against the election of the candidates proposed for election or re-election to the supervisory board, but support the only independent non-executive director among its members. "
Hirt said that Hermes had a decade of engagement with VW and it had focused its concerns on the underlying corporate governance issues at Volkswagen, "not least the influence of its principal shareholders and the composition and effectiveness of the supervisory board."
"The company's continuous disregard of fundamental corporate governance principles may have contributed to the emissions scandal. It has undoubtedly tarnished the reputation of the German two-tier board system and employee representation among foreign institutional investors, resulting in collateral damage to the German economy," Hirt said.
He concluded that "a radical overhaul of corporate governance and culture is required before the company can sustainably create value for investors and other key stakeholders."
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