GE acknowledges 2015 as one of the most successful business years in its history while recognizing CEO’s leadership contribution. Jeffrey Immelt, chairman and CEO of GE, has received $33 million compensation in total for 2015 which is 11.5% lower than the previous year. The compensation package has been disclosed through a regulatory filing with U.S. Securities and Exchange Commission.
The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages.
Chinese mobile chat app firm Momo Inc, backed by Alibaba Group Holding Ltd, said its CEO will fight allegations of misconduct and corruption made by his former employer, as it prepares to debut on Nasdaq.
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer.
Oracle Corp's (ORCL.N) Larry Ellison, who is stepping aside as chief executive officer, took less money home in fiscal 2014 that the year before following criticism of his compensation and concerns about the software company's struggles against smaller rivals.
The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.
Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday.
Microsoft revealed that it earned US$835 million from Surface tablets since the products' debut last fall.
Facebook would make its capital investments worth US$1.6 billion in 2013 to capitalize on the number of its users and its mobile advertising base.
The IRS proposed reform for the money market fund industry is set to tackle tax matters.
Funds run by Blackstone Group LP have sold about 20 percent of its shares of mall owner General Growth Properties Inc at $18.45 a share.