Activist Investor: BHP Board Presided Over Destruction of Market Value
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Activist investor Elliott Management accused longstanding BHP Billiton board members of standing by while billions of dollars in market value were erased in recent years.
IBM Launches Watson for Financial Regulation
IBM on Wednesday formally launched a Watson product for financial regulation, rolling out artificial-intelligence tools to help financial institutions comply with rules and detect possible financial crimes.
IBM to Help BMW Ride on the Cloud
International Business Machines Corp. said Wednesday it is working with BMW to provide cloud-based data management for the German automaker's recently launched connected car initiative, a move by the centenarian tech giant.
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Clarke Challenges JHL Bid for Mountain Pass Mine
Virginia entrepreneur Tom Clarke has sought to disqualify a bidding consortium led by JHL Capital Group from a planned auction of the sole U.S. source of rare earths, the Mountain Pass mine in California.
Soupman Inc. of 'Seinfeld' Fame Seeks Bankruptcy Protection
Soupman Inc., of "Seinfeld" fame, filed for bankruptcy protection Tuesday, just weeks after a top company executive was indicted on charges of tax evasion.
Global Advertising Growth to Slow Slightly This Year
Worldwide advertising revenue growth is expected to decline slightly this year, dragged down by more traditional mediums like television and print and a slowdown in the U.S. and U.K.
David Bonderman Resigns From Uber Board in Wake of Disrespectful Comment
The chairman and co-founder of private-equity firm TPG resigned from the board of Uber Technologies hours after he made a sexist remark during a companywide meeting on Tuesday to address problems with the ride-hailing company's workplace culture.
Once-Highflying Anbang Chief Isn't Able to Do His Job
Anbang Insurance said Chairman and Chief Executive Wu Xiaohui handed over his duties for personal reasons, hours after a media report said he could be in trouble with the Chinese government.
Uber's Party Is Over: New Curbs on Alcohol, Office Flings
Alcohol-soaked parties, controlled substances, office romances and free dinner: those are the hallmarks of Uber's raucous workplace-and many other startups.
How Rare Is Uber Chief's Leave? Extremely
A search of SEC filings over the past decade shows only a handful of CEOs of publicly traded companies opted or were forced to take a break for nonmedical reasons.
(END) Dow Jones Newswires
June 14, 2017 05:15 ET (09:15 GMT)