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Activist investor ousts at least two Exxon directors in historic win for pro-climate campaign

A hedge fund that’s criticized ExxonMobil’s climate strategy won enough shareholder support to oust at least two directors from the oil giant’s board, a major loss for the once-mighty company. For the first time in modern history, America’s largest oil company faced a credible challenge from an activist investor, Engine No. 1. Upset with Exxon’s

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Amazon buys MGM in a mega media deal

James Bond, meet Jeff Bezos. Amazon is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood. The deal, which is valued at $8.45 billion, gives

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Walgreens and CVS shares sink on report that Amazon is mulling physical drug stores

Shares of Walgreens, CVS and Rite Aid dropped Wednesday following a report that Amazon is considering opening brick-and-mortar pharmacies in the United States. Walgreens dropped 4%, CVS fell 2% and Rite Aid was off 3% during mid-morning trading. Business Insider reported early Wednesday that Amazon is eying opening physical stores in a “handful” of locations,

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