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Stuff that matters

JPMorgan board gives CEO 1.5 million stock options to stick around

JPMorgan Chase & Co (JPM.N) said on Tuesday it has awarded Chief Executive Officer Jamie Dimon 1.5 million options in the form of stock appreciation rights. “This special award reflects

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Partisan fight brews as forecaster warns U.S. could hit debt limit by fall

The U.S. Treasury Department is projected to exhaust its borrowing authority in October or November, the Congressional Budget Office said on Wednesday, as a partisan fight over raising the nation’s

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AT&T to sell its LatAm DirecTV business to Grupo Werthein

AT&T Inc (T.N) said on Wednesday it would sell Vrio Corp, its DirecTV business unit in Latin America, to Argentina-based investment group Grupo Werthein after taking a $4.6 billion impairment

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U.S., Germany strike Nord Stream 2 pipeline deal to push back on Russian ‘aggression’

The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use

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Texas Instruments soft revenue outlook fuels chip supply concerns

Texas Instruments Inc (TXN.O) forecast current-quarter revenue slightly below Wall Street estimates on Wednesday, leaving investors concerned about the chipmaker’s ability to meet searing demand in the face of a

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After $27.7 bln deal, Salesforce aims to connect companies via Slack

Business software maker Salesforce.com (CRM.N) on Wednesday closed its $27.7 billion purchase of Slack Technologies Inc (WORK.N), a massive bet that Slack’s workplace app will become popular for collaborations within

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U.S. state officials urge support for landmark $26 bln opioid settlement

A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still

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