BP (BP) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been 'fully transparent' about personal relationships he had with colleagues, according to a statement from the company. The statement says an investigation is ongoing and that relationships occurred before Looney became CEO. BP CFO Murray Auchincloss will act as interim CEO. Yahoo Finance Live breaks down the story.
) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been"fully transparent" about personal relationships he had with colleagues, according to a statement from the company. The statement says an investigation is ongoing and that relationships occurred before Looney became CEO. BP CFO Murray Auchincloss will act as interim CEO. Yahoo Finance Live breaks down the story.
shares fall after reporting weaker-than-expected earnings, particularly in its revenue tied to its hardware segment. According to Bloomberg, Arm Holdings could be changing up its strategy ahead of its IPO and refocusing its attention on designing growth-driven products. Yahoo Finance's Brad Smith highlights several of the top headlines making waves Tuesday morning.
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BP CEO Bernard Looney to resign: reportBP PLC chief executive Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name. Read more.
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BP CEO Bernard Looney to resign: reportBP PLC chief executive Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name. Read more.
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BP Chief Executive Officer Bernard Looney Will Resign, FT ReportsBP Plc Chief Executive Officer Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name.
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BP chief executive Bernard Looney to resign: reportBernard Looney, who took office in February 2020 with a vow to reinvent the 114-year-old company, has navigated the group through some of the most tumultuous years in modern history
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BP chief executive Bernard Looney resigns over past relationships with colleaguesLONDON (AP) — The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues, the company said Tuesday. Bernard Looney, 53, took on the role in February 2020. He is stepping down with immediate effect and will be replaced by chief financial officer Murray Auchincloss on an interim basis, BP said. A statement from the firm said its board reviewed allegations relating to Looney's conduct
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Alibaba shares slide 4% after outgoing CEO quits cloud unitThe Hong Kong-listed shares of China's Alibaba Group fell more than 4% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud computing business. The company announced Zhang's decision to depart the unit in an internal letter to staff seen by Reuters. Zhang had been scheduled to hand over the role of group CEO to Eddie Wu on Sunday.
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