AMR investor FL Group urges board to enact changes
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Iceland's FL Group has written to the board of American Airlines parent AMR Corp and urged it to consider a number of strategic alternatives, including spinning off its frequent-flyer program.
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Investors reportedly seek meetings with BP bosses to seek reassurances about the firm's safety record.
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Business & money: Royal Bank of Scotland tells shareholders to expect a revised bid for ABN Amro.
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The nation&#39;s stock exchanges would be forced to tighten their governance and move toward separating their self-policing function from their business operations under a plan proposed by federal regulators yesterday.
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ABN AMRO  said on Wednesday its supervisory board is taking a more active role in considering rival offers to buy out the Dutch bank, either of which would result in the biggest-ever banking merger.
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NEW YORK -- Investor groups angered by plunging stock prices are vowing to hold executives and corporate board members accountable at annual shareholder meetings this spring, turning up the pressure on U.S. companies already reeling from the credit crunch.
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Shareholdersâ demands to make directors more accountable are getting results.
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Business & money: Leading private-sector bankers call for sweeping reforms to restore investor trust and confidence.
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GREENWOOD VILLAGE, Colo., Nov. 9 /PRNewswire-FirstCall/ -- Adelphia Communications Corporation (BULLETIN BOARD: ADELQ) today issued the following statement regarding proposed amendments to its reorganization
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Aflac said yesterday that it would become the first major U.S. company to give shareholders an advisory vote on executive compensation packages, bolstering investor groups that have vowed to push companies to change their governance practices at annual shareholder meetings this spring.
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Fannie Mae's regulator told Congress  on Wednesday his office was considering seeking management  changes at the mortgage finance company after finding pervasive  accounting irregularities.
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Christopher Cox will call for the passage of several measures intended to bolster the powers of the board that oversees financial disclosures by state and local governments.
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New board will focus on safety of drugs already on the market. Also: Flarion makes bold moves to spur expansion of infrastructure for its mobile data technology.... Texas Instruments can make cheaper 3G phones.... and more.
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The board of Fannie Mae has been discussing a possible executive shake-up as the embattled mortgage giant responds to regulators&#39; allegations of accounting violations and faces a likely restatement of $9 billion or more in earnings.
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If you want to keep the right to influence your companies, let the SEC know.
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A group of Arcelor   shareholders is urging the steel group to alter its 13  billion-euro (&#36;16.6 billion) planned purchase of Russia&#039;s  Severstal and let shareholders accept it or reject it in a  vote.
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The body that decides who will set accounting rules in the United States plans on Tuesday to propose changes aimed at enabling the Financial Accounting Standards Board to act faster.