Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

The Wall Street firm's chief executive took a nearly 30% pay cut for a year in which corporate deal-making slowed down, hurting Goldman's profit.

 
Salesforce Names Three Directors, Braces for Proxy Fight

The appointments follow activist investor Elliott Management's investment in the business-software provider.

 
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit

The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices to multiyear highs, but quarterly results fell short of analysts' expectations

 
Intel's Leap of Faith Turns Into a Lurch

The chipmaker's expensive turnaround plan has run headlong into a historic sales slump.

 
American Express Earnings Missed. The Stock Is Rising on a Dividend Boost.

Amex is lifting its quarterly dividend by 15% to 60 cents a share, overshadowing fourth-quarter earnings that came in lighter than expected.

 
FTX Foreign Customers Hit Language Barriers as They Fight for Their Crypto

The voluminous paperwork created by FTX's bankruptcy is available only in English, creating a hurdle for some foreign customers in an already esoteric system.

 
SeaWorld Shuffles Executives, Names Interim Financial Chief

SeaWorld is shuffling its executives, moving Chief Financial Officer Chelle Adams, who took that job less than a year ago, to the newly created role of chief transformation officer.

 
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall

The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts.

 
Selloff in Adani Stocks Wipes Out $47 Billion in Market Value

Five of the seven listed Adani Group companies ended 16% to 20% lower, hit by a short seller's allegations of fraud involving the Indian conglomerate.

 
H&M Profit Battered by Rising Costs, Russia Exit

The fast-fashion giant reported a 68% decline in annual profit after economic and geopolitical challenges hampered its efforts to rebound from the Covid-19 pandemic.

(END) Dow Jones Newswires

January 27, 2023 13:00 ET (18:00 GMT)

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