NEW YORK (Reuters) -McDonald's Corp has amended its board, the fast-food chain said on Monday, and the director being replaced had been targeted by activist investor Carl Icahn who sought to tighten the company's animal welfare policies.
Sheila Penrose, who will retire effective Sept. 1, was one of two incumbent board members Icahn sought to replace with his own nominees. In May, investors reelected all 12 of McDonald's directors, including Penrose, handing Icahn a loss in that battle over the treatment of pregnant pigs by pork suppliers.
Days after losing that fight, Icahn ended a similar effort targeting supermarket chain Kroger Co over the way meat producers confine pregnant pigs to crates.
Penrose, who was a McDonald's director for 15 years, led the board's sustainablity and corporate responsibility efforts, the company said in a statement.
Investors have also criticized the Chicago-based company for having too many directors who have served for too long. Chairman Enrique Hernandez has been on the board since 1996, for instance.
On Monday, McDonald's said it elected three new board members: Marriott International Inc Chief Executive Officer Anthony Capuano, Johnson & Johnson Executive Vice President Jennifer Taubert and Salesforce.com Inc Chief Financial Officer Amy Weaver. Their tenures begin Oct. 1.
Nio (NYSE: NIO) recently reported its second-quarter results, and there were a couple of things the company should be proud of. Mainly, the company's revenue and vehicle sales saw significant increases from the year-ago quarter. In the recent past, climbing revenue and rising vehicle sales would have likely sparked positive sentiment among electric vehicle investors.
Billionaires buy dividend stocks for the same reasons other people do. Of course, they also prefer that their stocks grow as well as pay dividends. Here are three dividend stocks that billionaires Buffett and Soros both own.
The market rally has revived, but watch out for Treasury yields. Elon Musk made a new move vs. Twitter. Warren Buffett bought more OXY stock.
Carnival (NYSE: CCL) (NYSE: CUK) experienced its very worst time when the pandemic forced its ships to shore. Concerns about higher interest rates and a weakening economy are weighing on the shares these days. Considering future prospects, should you buy Carnival before it rallies?
Among six high-profile stock splits -- Alphabet, Amazon, Tesla, Shopify, DexCom, and Palo Alto Networks -- is a clear-cut bargain, as well as a company with serious red flags.
Feeling bearish? Take shelter — and income.
Here are 4 tickers trending on Yahoo Finance in premarket trading.
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Verizon Communications Inc.'s ( NYSE:VZ ) periodic dividend will be increasing on the 1st of November to $0.6525, with...
Oil prices have been all over the map this year. Oil's next step is anyone's guess. Three oil companies that our energy contributors think look like no-brainer investments in the current environment are TotalEnergies (NYSE: TTE), Chevron (NYSE: CVX), and ExxonMobil (NYSE: XOM).
Please don't invest all your money in a single stock. But you have to start somewhere, and this household name would be a great first step into investing.
Ford Motor, General Motors and Tesla have been highlighted in this Investment Ideas article.
Good news from the Food and Drug Administration (FDA) can send biotech stocks into the stratosphere. Patrick Bafuma (Mirati Therapeutics): One company that has to be champing at the bit to get FDA approval is Mirati Therapeutics, with its lead drug adagrasib.
In this article, we discuss 10 tech stocks to buy according to Jim Simons’ Renaissance Technologies. You can skip our detailed analysis of Renaissance Technologies’ strategy and performance, and go directly to 5 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies. Founded by billionaire Jim Simons in 1982, Renaissance Technologies is one […]
Investors today can take advantage of buying opportunities in the tech sector that were almost unimaginable just a year ago.
In this article, we discuss the 10 best energy stocks to buy now. If you want to skip our industry overview, take a look at the 5 Best Energy Stocks to Buy Now. The Covid-19 pandemic was difficult for the energy sector. Global travel restrictions brought on by the Covid-19 outbreak reduced demand for oil […]
Stock futures were higher Monday as investors awaited the release of the latest data on U.S. inflation, coming Tuesday. Bristol Myers Squibb (BMY) jumped 7.6% after the Food and Drug Administration approved its Sotyktu drug for psoriasis. MicroStrategy (MSTR) said in a filing with the Securities and Exchange Commission that it may offer and sell up to $500 million in common stock for the purposes of buying more Shares of the business-intelligence software maker were down 3.6% early Monday after climbing 11.7% Friday.
Miller Tabak + Co.'s chief market strategist Matt Maley has his eye on three troubled areas of financial markets right now. He thinks investors need to be looking at them too.
There's a bond that pays a 9.62% interest rate and is guaranteed by the U.S. Treasury. Investors should keep some limitations and conditions in mind before investing, but as inflation has topped 8% since March 2022, this could be an … Continue reading → The post Want 9.62% Yield Guaranteed? Seriously, Try This Asset appeared first on SmartAsset Blog.
Teva, Dr. Reddy's and Sol-Gel have been highlighted in this Industry Outlook article.