IBT Staff Reporter

6451-6480 (out of 154954)

Shareholders Said Corporate Reforms Merit Millions In Fees. Now They Must Prove It

When plaintiffs lawyers in a derivative suit against Pinterest Inc board members asked for approval of their $5.4 million fee request last April, they told the judge they deserved twice their lodestar bills because they'd obtained significant corporate governance reforms that would make the company more diverse and inclusive, enhancing its long-term value for shareholders.

U.S. Seeks To Expand Monkeypox Testing As Cases Rise

U.S. health officials are working to expand capabilities to test for monkeypox beyond a narrow group of public health labs, heeding calls from infectious disease experts who say testing for the virus needs to become part of routine care.

India's Fuel Demand Jumps 24% Year-on-year In May

India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world's third biggest oil consumer was in the grip of a second wave of COVID-19.

Soaring Inflation Fuels Bets On Sharper Fed Rate Hikes

Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months.

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