By Akash Sriram (Reuters) -Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently asked for a bigger stake in the company to gain more control, even as a ...
(Reuters) -International oil and gas companies plan to shed more jobs in 2025 after cutting thousands last year as prices remain under pressure and consolidation gathers pace. Benchmark Brent crude futures are down about 10% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to U.S. trade policy. A snapshot of energy companies that have announced job cuts in 20 ...
By Purvi Agarwal and Ragini Mathur (Reuters) - The major U.S. stock indexes pulled back from record intraday peaks hit earlier on Friday after weaker-than-expected August jobs data stoked worries of an economic slowdown and dampened some of the optimism around potential Federal Reserve rate cuts. Data showed the United States economy created only 22,000 jobs last month compared to an estimate of 7 ...
By Julie Zhu and Kane Wu HONG KONG (Reuters) -Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as $5 billion, said two people who have knowledge of the deal discussions. That quotation would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years. ...