Macellum Urges Kohl's to Make Changes or Explore Sale

The activist investor is renewing a push to get the department-store chain to take action to boost its lagging stock, including altering its board.

 
BlackRock's Climate Stance Is About Profits, Not Politics, Fink Says

In his annual letter to the CEOs of the companies in which BlackRock invests, Larry Fink said businesses that don't plan for a carbon-free future risk being left behind. The quest for long-term returns, and not politics, is what animates the money manager's efforts, he wrote.

 
Rio Tinto's Australian Iron-Ore Shipments Fell in 2021

Rio Tinto's annual iron-ore shipments from its Australian mining operations fell by 3% in 2021 with projects disrupted by a worker shortage and supply chain issues, but expects shipments will likely increase this year.

 
China Merchants Bank-Backed SPAC Seeks Listing in Hong Kong

A special-purpose acquisition vehicle backed by China Merchants Bank Co. has applied for a public offering in Hong Kong, the first such company to seek a listing under new rules in the Asian financial hub.

 
U.S. Airlines Seek Further 5G Rollout Delay

Carriers said in a letter to U.S. officials that current FAA flight-safety measures to accommodate the new wireless service could result in a significant disruption of their flight schedules this week.

 
Analysis: Singapore Developers Could Prove Resilient Despite Headwinds

Singapore real-estate developers could prove resilient even amid new housing-market cooling measures and likely higher interest rates, with income from commercial properties and investments picking up some of the slack if the country's reopening continues.

 
Credit Suisse's António Horta-Osório Lost Board Support Over Covid-19 Rules Breach

The chairman's jet use also raised concerns, with some board members fearing he lacked credibility to fix what had come to be seen as the bank's broken culture.

 
Credit Suisse's New Captain Needs to Show Early Turnaround Progress

António Horta-Osório's surprise resignation from the helm of the beleaguered lender raises the suspicion that his departure might be due to more than the chairman's stated coronavirus infractions. The outsider had promised to deliver a much-needed shake-up of the Swiss bank's culture. His exit puts pressure on successor Axel Lehmann to show that the transformation will continue.

 
Amazon Backs Off Threat to Ban U.K.-Issued Visa Credit Cards

The online retailer, which has criticized Visa's fees, said it is negotiating a deal that would allow customers to keep using their U.K. cards.

 
Unilever's $68 Billion Health Kick Is the Wrong Remedy

A surprise bid for the consumer-healthcare business jointly owned by GlaxoSmithKline and Pfizer is risky and only half of the target may really be worth owning.

(END) Dow Jones Newswires

January 18, 2022 03:15 ET (08:15 GMT)

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