Category: Business News

Total pay for BP’s CEO more than doubled to $12 million last year

WASHINGTON – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer deposits, a senior U.S. Treasury official said.

The pay package for Shell’s CEO jumped by half last year to nearly $12 million

The Dutch government says it is planning on imposing additional restrictions on the export of machines that make advanced processor chips, joining a U.S. push that aims at restricting China’s access to materials used to make such chips

Federal officials say they have completed outfitting 43 major U.S. airports with technology to warn air traffic controllers when incoming planes are aimed at a taxiway instead of a runway

Japanese automaker Nissan is revving up its electrification shift and slashing costs by using the same components across models and cutting use of expensive rare materials

Lego says profits increased by 5% in 2022 from a year earlier and sales roles even as it raised prices on higher-ticket toys

Cathay Pacific Airways Ltd

Stocks drifted to a mixed close on Wall Street a day after sinking to one of their worst days of the year

The Biden administration is suing to block JetBlue Airways from buying Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers

A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits

A top oil company CEO who will lead international climate talks later this year told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all emissions of the greenhouse gas methane — strong comments from an oil executive