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 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
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
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
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
Top racing trainer Gordon Elliott has apologized after a photo surfaced of him sitting on top of a dead horse. Elliott, who trains horses at Cullentra stables in County Meath, Ireland, has won a slew of major titles including two Grand Nationals — regarded as the most grueling and spectacular steeplechase in the world. “Firstly,…… MORE
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
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
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
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
