Sectors
Apple cites reasons why shareholders should vote against Carl Icahn's proposal
Carl Icahn has proposed that Apple increase its stock buyback program to $50 billion but Apple cited reasons why shareholders should not vote for it.
Apple CEO Tim Cook receives $4.25 million in salary and bonus for fiscal year 2013
Tim Cook, incumbent chief executive of Apple Inc, has received $4.25 million in salary and bonus for the fiscal year 2013. A proxy filing by Apple also revealed that the tech giant's chief executive did not receive stock-based compensation for the last two fiscal years.
SAC portfolio managers to join rival hedge fund Balyasny in London
SAC Capital Advisors UK's Massimo Amati, Stanislas de Caumont and Robert Harris have agreed to join rival hedge fund Balyasny Asset Management. Other portfolio managers and analysts are departing SAC after the firm decided to shut down its London office.
Africa's richest man to invest $9 billion on Nigerian oil refinery
Aliko Dangote, Africa's richest man with about $22 billion net worth, is set to spend $9 billion to build the largest privately-owned oil refinery in Nigeria.