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ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in modern history. The decision to add Jeff Ubben, co-founder of Inclusive Capital Partners, and former Comcast finance chief Michael Angelakis comes as Exxon faces extreme dissent from shareholders about
Continue ReadingThe Biden administration is preparing to impose sanctions on Russia over the poisoning and jailing of Russian opposition leader Alexey Navalny this week, two administration officials tell CNN. The rollout of the sanctions will happen in coordination with the European Union, the officials said. The measures and the exact timing will be fleshed out by
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Prince Harry has likened his “unbelievably tough” split from the royal family to the experience of his mother, Princess Diana, in the first clips from Oprah Winfrey’s sit-down interview with Harry and Meghan, Duchess of Sussex. Harry said he “can’t imagine what it must have been like” for Diana to go through a similar experience,
Continue ReadingTop racing trainer Gordon Elliott has apologized after a photo surfaced of him sitting on top of a dead horse. Elliott, who trains horses at Cullentra stables in County Meath, Ireland, has won a slew of major titles including two Grand Nationals — regarded as the most grueling and spectacular steeplechase in the world. “Firstly,
Continue ReadingSexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a statement responding to a CBS News report detailing some female employees’ disturbing allegations. “Let me say plainly: every single person working under the Arches must have a safe and respectful work environment,” Kempczinski wrote Sunday. “Sexual harassment in
Continue ReadingThe owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would “cease operations” with immediate effect. Jiangsu FC — formerly known as Jiangsu Suning — hit the headlines in 2019 after it was reported to have offered Gareth Bale a highly lucrative contract to leave Real Madrid.
Continue ReadingStocks jumped at Monday’s opening bell as US Treasury yields are pulling back and taking a breather from their recent ascent. The Dow opened 1.1%, or some 350 points, higher, while the broader S&P 500 climbed 1.4%. The Nasdaq Composite opened up 1.6%. The recent jump in US government bond yields weighed on the stock
Continue ReadingEngland rugby player Ellis Genge says he received death threats after not clapping his Welsh opponents following his side’s defeat in the Six Nations. In rugby, it’s tradition for teams to applaud each other after a match as they walk off the pitch. “Don’t know why I’m not clapping in that tunnel must be deep
Continue ReadingWith Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The 99-calorie beer, previously available only in St. Louis, is now rolling out nationwide, in “response to growing consumer demand for a lower calorie beer option,” the company announced Monday. Budweiser Select was available
Continue ReadingCenters for Disease Control and Prevention vaccine advisers voted Sunday to recommend the Johnson & Johnson Covid-19 vaccine for the US, and CDC Director Dr. Rochelle Walensky almost immediately signed off on the recommendation. It is the first of the three authorized Covid-19 vaccines that comes in a single dose. “The Janssen vaccine has been
Continue ReadingThe US just added another powerful tool against Covid-19 to its inventory: a third vaccine. This latest piece of good news comes at a time US health leaders say is critical in the country’s battle against the virus, as dropping cases begin to plateau and concerns grow over highly transmissible variants. “Starting tonight, 3.9 million
Continue ReadingSenate Democrats decided Sunday to abandon an alternative proposal to penalize companies for not providing a $15 minimum wage to their employees, the latest indication that boosting the federal minimum wage in this Congress remains an extremely tall order, according to a person involved in the talks. After the House passed President Joe Biden’s Covid-19
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Liberal House Democrats are pleading with Vice President Kamala Harris to ignore the ruling of the Senate’s parliamentarian and decide that the $15 federal minimum wage can stay in the Covid relief package during Senate floor debate this week. Such a move has not been employed since 1975 — and taking that tack would generate
Continue ReadingAn artwork depicting a prisoner’s daring escape has appeared on the wall of a British jail, prompting excited speculation that it was painted by elusive street artist Banksy. The mural shows a prison inmate making an escape from Reading Prison, a disused institution in southern England that once held the Irish poet Oscar Wilde. Its
Continue ReadingStarbucks is adding oat milk to its menus across the United States beginning Tuesday as demand for non-dairy alternatives surges. Oat milk has become especially trendy in recent years among coffee drinkers avoiding dairy. Starbucks is serving Oatly, the Oprah Winfrey-backed brand that recently announced plans to go public. Starbucks said that the arrival of
Continue ReadingMr. Potato Head caused a lot of buzz last week, and Fox News played a big part in that. Over the past week, the plastic toy — and its gender — has been mentioned at least 35 times on Fox News and Fox Business combined. “The conversations about Mr. Potato Head and trans kids or
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A second former aide to New York Gov. Andrew Cuomo is accusing him of sexual harassment, according to the New York Times. The former aide, Charlotte Bennett, alleges that Cuomo asked her questions about her sex life, whether she had monogamous relationships and if she ever had sex with older men, according to the Times.
Continue ReadingWarren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the place to be these days,” the legendary investor wrote in Berkshire Hathaway’s annual letter to shareholders, lamenting that the yield on 10-year Treasury bonds has fallen 94% since September 1981. The big picture: Interest rates
Continue ReadingFaced with an escalating backlash following two allegations of sexual harassment in less than a week, New York Gov. Andrew Cuomo on Sunday acknowledged that some of his comments in the workplace “may have been insensitive or too personal” and said he was “truly sorry” to those who might have “misinterpreted (the remarks) as an
Continue ReadingA 37-year-old Connecticut man who allegedly used a Molotov cocktail to start a fire at an ambulance facility is also responsible for starting at least four fires throughout the state, authorities said. Richard White, 37, is in custody in Pennsylvania on charges related to the fires, a press release from Meriden Police said. According to
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