The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
British American Tobacco, Unilever and Diageo have been named as top performers in an annual review of corporate governance among members of the FTSE 100.
The U.K.'s Institute of Directors, along with Cass Business School and the Chartered Quality Institute, assessed corporate governance based on several factors including board effectiveness, accountability and shareholder relations, as well as how the company was perceived by investors and customers. Companies at the bottom of the pile included Rolls-Royce, Berkeley and Tesco.
The purpose of the report is to help company directors understand what makes up good governance, according to Ken Olisa, chairman of the report's advisory panel.
"In order to perform well in our rankings, companies have to score well across a range of areas, including board structure, financial performance, remuneration and transparency," explained Olisa in a press release.
"Despite the setbacks corporate Britain has endured this year, it still has an enviable global reputation for good governance. The range between the top and bottom companies on our list is narrow, indicating that directors could improve their governance substantially by focusing on limited problem areas."
Good governance is not just important for public relations. New research from Hermes Investment Management published this week finds that shares of companies with poor governance underperformed well-governed firms, returning 0.3 percent, or 30 basis points (bps), less to shareholders.
"Two years on from our original study, which also showed a discrepancy of 30bps per month between well and poorly governed companies, this research highlights that the 'governance premium' is well and truly entrenched," said Geir Lode, head of global equities at Hermes, in a press release.
"Furthermore, our latest study demonstrates that the premium holds true across different geographies and sectors – albeit with a few caveats – proving the almost universal power of effective corporate governance."
British American Tobacco was placed first in the IoD governance rankings.
"For us, high standards of corporate governance are a fundamental element that underpins the sustainable, long-term growth of our business, and we are very pleased to see this commitment being recognised in the IoD report," Simon Cleverly, group head of corporate affairs at British American Tobacco, told CNBC via email.
1. British American Tobacco
4. Sage Group