News

The Economy

More Than Half Of Small Businesses Have Reopened: Survey

Forty-seven percent said reaching pre-pandemic gross revenues and total daily transactions would point to full recovery.
People

Ex-GE CFO Miller Named Cargill Finance Chief

Jamie Miller will become Cargill's first female CFO, having previously broken the glass ceiling at GE.
Disclosure

Chamber Urges SEC Caution on Climate Disclosure

Stepping up enforcement efforts through the new climate and ESG task force should not take precedence over rulemaking, the Chamber says.
IPOs

Coupang Shares Jump 40% After Monster IPO

The South Korean e-commerce giant believes it is still only "scratching at the surface" of the potential of the Korean online shopping market.
M&A

GE Sheds Jet-Leasing Unit in $30 Billion Deal

The deal with Ireland's AerCap "really marks the transformation into a more focused, simpler and stronger GE,” CEO Larry Culp says.
The Economy

U.S. Consumer Prices Increase 0.4% in February

Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.
Bankruptcy

Greensill Capital Files for Insolvency

The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.
People

Heineken to Replace Laurence Debroux as CFO

Debroux is stepping down as the world’s second-largest beer maker focuses on restoring operating profit margins to pre-pandemic levels by 2023.
Regulation

New SEC Task Force to Police Climate Disclosure

“Climate risks and sustainability are critical issues for the investing public and our capital markets,” Acting Chair Allison Herren Lee says.
Regulation

Biden’s SEC Pick Warns of Crypto Fraud Risks

The SEC must ensure that crypto markets "are free of fraud and manipulation,” Gary Gensler told the Senate Banking Committee.
Fraud

Seven Accused of $45M Pump-and-Dump Fraud

Kelly Kabilafkas allegedly orchestrated a fraud that culminated in him and his associates dumping shares in Airborne Wireless Network.
Bankruptcy

Texas Power Co-op Files Chapter 11 After Storm

Brazos Electric says the winter storm that devastated Texas left it in “a liquidity trap that it cannot solve with its current balance sheet.”
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