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Exxon aims to quell shareholder revolt by adding activists to board

Exxon aims to quell shareholder revolt by adding activists to board

ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in modern history. The decision to add Jeff Ubben, co-founder of Inclusive Capital Partners, and former Comcast finance chief Michael Angelakis comes as Exxon faces extreme dissent from shareholders about…MORE

Texas attorney general sues electric company Griddy that sent huge bills during storm

Texas attorney general sues electric company Griddy that sent huge bills during storm

Texas’ attorney general filed a lawsuit against Griddy Energy and Griddy Holdings for “false, misleading, and deceptive advertising and marketing practices” after the company sent sky-high electricity bills to customers during February’s devastating winter storm. As the storm rattled Texas’ power grid, Griddy, which connects customers directly to the wholesale electricity market for a monthly…MORE

McDonald’s CEO responds after report alleges sexual harassment among workers

McDonald’s CEO responds after report alleges sexual harassment among workers

Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a statement responding to a CBS News report detailing some female employees’ disturbing allegations. “Let me say plainly: every single person working under the Arches must have a safe and respectful work environment,” Kempczinski wrote Sunday. “Sexual harassment in…MORE

Biden administration preparing to sanction Russia over Navalny treatment this week

Biden administration preparing to sanction Russia over Navalny treatment this week

The Biden administration is preparing to impose sanctions on Russia over the poisoning and jailing of Russian opposition leader Alexey Navalny this week, two administration officials tell CNN. The rollout of the sanctions will happen in coordination with the European Union, the officials said. The measures and the exact timing will be fleshed out by…MORE

Reigning Chinese Super League champion Jiangsu FC ‘ceases operations’

Reigning Chinese Super League champion Jiangsu FC ‘ceases operations’

The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would “cease operations” with immediate effect. Jiangsu FC — formerly known as Jiangsu Suning — hit the headlines in 2019 after it was reported to have offered Gareth Bale a highly lucrative contract to leave Real Madrid.…MORE

How one documentary reframes the history of Black women

Black women are the mules of the world, Zora Neale Hurston wrote in 1937. More than 80 years later, Hurston’s words in “Their Eyes Were Watching God” still ring true, but one filmmaker is on a journey to both expose that truth and alleviate it. Oge Egbuonu’s new documentary, “(In)visible Portraits,” is what she calls…MORE

US stocks surge as bond markets take a breather

US stocks surge as bond markets take a breather

The Dow rallied some 600 points Monday morning, as US Treasury yields pulled back and took a breather from their recent ascent. All three major stock indexes opened sharply higher and continued their rally as the morning went on. The Dow was up nearly 2%, or some 600 points, mid-morning, while the broader S&P 500…MORE

Gillian Anderson’s American accent throws some people off

Gillian Anderson’s American accent throws some people off

The Golden Globes helped remind some people that Gillian Anderson was born in Chicago. Anderson won for best supporting actress in a TV series for her role as Margaret Thatcher in Netflix’s “The Crown.” She accepted the award using her American accent which tickled Twitter. Writer and culture editor for New Zealand’s “The Spinoff TV”…MORE

Budweiser Select is making a comeback as light beer sales surge

Budweiser Select is making a comeback as light beer sales surge

With Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The 99-calorie beer, previously available only in St. Louis, is now rolling out nationwide, in “response to growing consumer demand for a lower calorie beer option,” the company announced Monday. Budweiser Select was available…MORE