The CEO of Italy’s largest utility firm says he’s been left stunned by the tactics deployed by Spain’s Iberdrola, amid a bitter feud over Brazil’s largest power distributor. Europe’s top two utilities, Enel and Iberdrola, are in the midst of a fierce battle to secure the assets of Brazil’s Electropaulo. The South American grid operator

United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar

Gary Hershorn | Getty Images A United Airlines airplane passes the skyline of lower Manhattan and One World Trade Center as it heads to a runway at Newark Liberty Airport on January 20, 2018 in Newark, New Jersey. United Airlines has reached a settlement with the family whose French bulldog puppy died after it was

When it comes to business advice, there are few people better placed to bestow their wisdom than Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba. Good job, then, that he set up a university to share tips on the meteoric rise of one of the group’s leading companies, Taobao. Situated in Hangzhou, China,

Consumers are returning to the luxury goods sector with updated versions of iconic brands such as Tiffany & Co. and Louis Vuitton. Retail analyst Oliver Chen told CNBC that it’s a good place for investors to be too. “Tiffany is very exciting,” Chen, managing director and senior equity research analyst at Cowen Outperform, said Wednesday

Bill Ackman’s Pershing Square has taken a stake in Lowe’s, a source tells CNBC. Ackman’s new stake in the home improvement retailer was first reported by Dow Jones. The hedge fund manager revealed the approximately $1 billion sized position at a Kirkland & Ellis conference in New York Wednesday, a source tells CNBC. Ackman said

Britain’s Marks & Spencer said on Wednesday it urgently had to modernize or risk fading away as it reported a second straight decline in annual profit and booked a 321 million pounds ($430 million) charge for a store closure programme. The 134-year-old M&S faces unrelenting competition from supermarkets, fashion chains like Zara, H&M and Primark,

The New York Stock Exchange has appointed a new leader — a woman. This Friday, Stacey Cunningham will become the exchange’s 67th president, the first female president in its 226-year history. “It’s a great day for her, but it’s an even greater day for the New York Stock Exchange, because she has learned that business

Burger King has launched its own royal wedding-themed snack to tie in with Prince Harry and Meghan Markle’s nuptials on Saturday. The fast-food chain has released a limited-edition sandwich that includes a piece of bread-crumbed chicken and iceberg lettuce. The chicken burger comes with barbeque sauce and two onion rings — in order to “signify

This Thursday, the Verkhovna Rada (the parliament of Ukraine) considers a historic proposal to replace 25-year-old foreign exchange legislation with an entirely new law that will open our country to international investors and make it easier for Ukrainian businesses to operate globally. Technical though it may seem, liberalization of our arcane foreign exchange controls will

When ASAP Ferg was still a teenager in the Hamilton Heights neighborhood of Harlem, he started making crystal-studded pendants. He would sketch designs of characters like Bart Simpson and Mega Man, then hand the drawings over to Earl Harley (also known as “Harley, the buckle man“). Mr. Harley would create the bases for Ferg, who

It’s been quite a journey going from being born on a commune to raising more than $87 million in funding at a software company. It’s one that has forced me to wrestle with existential questions about my true beliefs, and how they intersect with my life as an entrepreneur. One’s work is rarely a pure

Jason Alden | Bloomberg | Getty Images Vittorio Colao, chief executive officer of Vodafone Group Plc, poses for a photograph in London, on Monday, Sept. 2, 2013. Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in which he reshaped the world’s second largest mobile operator into a digital communications powerhouse

After a bitter proxy battle from Wynn Resorts‘ largest shareholder, the casino giant Monday announced more changes to its board — and just days before the company’s annual meeting is scheduled. The company said legacy board member John J. Hagenbuch will no longer stand for re-election to the board. Also, the Las Vegas-based company announced

DeFeo, who said he is not a big consumer of podcasts, grew up listening to talk and news radio, including New York’s 1010 WINS. He said collects questions from employees for the show and has a full pipeline for more than two more months. Podcasting isn’t new for corporations, but the format of American’s and

J.P. Morgan Chase & Co said on Monday it had appointed Mark Leung as the chief executive of its China business. A veteran who’s been with the bank for 21 years, Leung will manage onshore and offshore activities in the country. He started his career in rates derivatives trading and has held trading roles in

For decades, the DMZ has been a different kind of hot spot, the scene of sometimes deadly military provocations and daring defections from the North. The zone, dotted with guard posts and strung with razor wire, was established after the 1950-1953 Korean War. The two Koreas still don’t officially recognize each other and remain in

The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying

Ali Mohammadi | Bloomberg | Getty Images A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. OPEC producers are not targeting a certain oil price, United Arab

AT&T on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration. AT&T paid Essential Consultants, a firm set up by Cohen, a total of $600,000 over 2017 for

Also, she’s asked that shareholders vote against approving the company’s executive compensation plan — the so-called say on pay. Three independent proxy advisory firms — Institutional Shareholder Services, Egan-Jones Proxy Services and Glass Lewis & Co. — have come out in support of her position on rejecting the say-on-pay proposal and to withhold votes from

Even some potential victims of modernisation have been borne in mind. Mikael Karlsson, a former driver and football coach, displays a fan of glossy homeless charity magazines and sports an ID badge with a QR code. Anyone wanting to buy a copy just has to scan the code with their app. “When I started, I

Ford Motor could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. Ford shut truck plants in Michigan, Missouri and Kentucky earlier this week because of parts shortages caused by a supplier fire in Michigan. Also on

In many wealthy countries, child care and preschool are considered a mainstay of the educational system. But in the U.S., only about half of all children between the ages of 3 and 6 are getting publicly supported child care of any kind, including kindergarten, versus 99 percent of kids that age in France. Interestingly, high-quality

The pan-European Stoxx 600 was 0.05 percent higher with the different sectors moving in opposite directions. Basic resources led the gains in early deals, up by 1.18 percent, on earnings. The world’s largest steelmaker ArcelorMittal jumped 3.4 percent after beating first-quarter expectations. Looking at individual stocks, Sika rose to the top of the benchmark, up

Instagram | Elon Musk The new “Block 5” variation of SpaceX’s Falcon 9 rocket, rolling out to launchpad 39A at Kennedy Space Center, Florida. Being able to launch, land and launch again with minimal refurbishment between flights has been a central focus for SpaceX. The company has become quite successful at landing the largest part

Abbie has enjoyed a brilliant start to her new job as a junior fund manager at AllianceBernstein, a $500bn investment group in New York. In her first three months she has handled thousands of bond trades worth nearly $19bn, never complaining, messing up or even taking a break. That’s because she is an algorithm. AllianceBernstein’s

Politics has been a major focus over the course of this week, from an election result in Asia and the easing of geopolitical tensions to the news that President Donald Trump would be pulling the U.S. out of the Iran nuclear accord. After the news broke about Iran on Tuesday, oil prices have been on

Reactions are split on California’s decision to mandate solar panels on new homes in the state. The measure, approved by California regulators in a unanimous decision on Wednesday, will require all new residential buildings, including apartments and condos that are three stories or fewer, to have rooftop solar panels starting in 2020. The California Energy

Paul Hanna | Reuters People at ZTE’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. ZTE‘s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday. ZTE