News for nerds
Outgoing U.S. Federal Communications Commission (FCC) chairman Ajit Pai said potential Chinese espionage and threats to U.S. telecommunications networks and internet freedom are the biggest national security issue that regulators will face in the next four years. Ajit Pai said Read more
Billionaire Jack Ma’s 50-second video reappearance has done little to resolve Alibaba Group’s troubled relationship with regulators that is making some investors hesitate about owning the Chinese e-commerce giant’s stock. Relief at Ma’s first public appearance added $58 billion in Read more
Ladbrokes owner Entain named non-executive director and industry veteran Jette Nygaard-Andersen as its chief executive officer on Thursday, making her the first woman to lead a UK gambling company. Outgoing CEO Shay Segev announced his intention to quit, to take Read more
The number of major European companies with high participation of women in leadership positions has doubled over the past year, but there was less progress on top jobs, a study by a EU-sponsored non-profit organization showed on Thursday. Brussels-based association Read more
Britain’s IG said it plans to buy U.S. trading platform tastytrade for $1 billion, venturing into North America after a stellar year for the new breed of retail investment brokerages. Coronavirus-driven volatility has fuelled a surge in revenue and profit Read more
Nuveen, the $1.1 trillion asset management arm of TIAA, has sold out of its holdings in the Chinese companies that will be barred to U.S. investors by recent sanctions. The disposals come as U.S. investors scramble to exit stocks subject Read more
Starboard LP is planning to take control of agricultural company Corteva Inc’s board and replace its Chief Executive Officer Jim Collins, the Wall Street Journal reported late on Wednesday, citing people familiar with the matter. The activist investor has privately Read more