LONDON—A planned pan-European payments network backed by 22 banks to compete with U.S. duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to stump up all the cash needed. The European Payments Initiative (EPI) was launched last year and is seeking to get more banks and other…
Europe’s Planned Rival to Visa and Mastercard Appeals for Public Funding
ISS Urges Tesla Investors Not to Reelect James Murdoch, Kimbal Musk
Proxy advisory firm Institutional Shareholder Services (ISS) is recommending that Tesla investors not reelect directors James Murdoch and Kimbal Musk because the board approved excessive compensation packages to non-executive board members. Tesla shareholders will cast ballots on Oct. 7 on cutting director terms to two years, eliminating a supermajority vote requirement to approve certain changes,…
US Company Executives Rate Home Country as Top Stakeholder: Survey
A global pandemic, supply chain shocks, and rising geopolitical tensions has elevated the importance of national security for business leaders. A new survey showed that company executives in the United States rate home country as a top stakeholder, placing it above shareholders and customers. The day when the companies fixated only on creating long-term value…
French Energy Giant Total Stops Payments on Burma Pipeline
BANGKOK—Shareholders of the French energy company Total have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Burma, the company said Wednesday. Pressure has been growing on companies with investments or operations linked to the Burma (also known as Myanmar) military to suspend any financial support following…
Battle for Orange County’s CoreLogic Leads to Private Equity Takeover
Commentary Irvine-based CoreLogic Inc. (NYSE: CLGX) is being purchased by two private equity funds for about $7.7 billion, a figure that includes about $6 billion—or $80 per share—buyout for current stakeholders. The purchase price also includes $1.7 billion in debt owed by CoreLogic. The acquisition will be funded with $2.5 billion already invested in the…
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- ReutersJust days after the U.S. Supreme Court overturned Roe v. Wade, Alabama has cited that ruling in a bid to outlaw parents from obtaining puberty blockers and certain other medical… [...]
- Allen ZhongAn unsealed court document shows that issues with air conditioning in the semi-truck likely caused the deadliest human trafficking incident in San Antonio, Texas. Alleged conspirator Christian Martinez, 28, who… [...]
- The Associated PressMIAMI—Tropical Storm Colin formed along the South Carolina coast on Saturday morning, bringing rain and winds, though the storm later weakened and conditions are expected to improve by Monday’s July… [...]
- ReutersCalifornia on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects despite industry concerns that it will harm the sector… [...]
- Allan SteinLouisiana lawmakers have approved a bill to allow big-rig trucks to haul tandem loads to increase the volume of shipments amidst a growing shortage of drivers. A recent study by… [...]
- City News ServiceLOS ANGELES—The former president and CEO of the Anaheim Chamber of Commerce pleaded guilty on July 1 to federal charges for defrauding a cannabis company, fraudulently obtaining a COVID-relief business… [...]
- City News ServiceLOS ANGELES—The federal criminal trial for suspended Los Angeles City Councilman Mark Ridley-Thomas on bribery and conspiracy charges has been delayed until November. Ridley-Thomas, who was suspended from the council… [...]
- City News ServiceLA HABRA, Calif.—A suspected drunk driver and his passenger were killed when he tried to evade police during a speedy but brief pursuit from La Habra into Rowland Heights, where… [...]
- Epoch Times StaffLOS ANGELES—A hearing to reconsider an ordinance banning homeless encampments within 500 feet of schools and daycare centers is set for July 27 after the Los Angeles City Council failed… [...]
- Jan Jekielek“It was a pretty lonely job for a period of time. … I was getting criticism from other Republicans, from my supporters, from people that had known me my whole… [...]