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Amazon shareholders reject a slate of outside proposals

BLOOMBERG Amazon.com Inc shareholders voted down a slate of outside resolutions that would have asked the company to disclose more on workers’ rights and its climate change work, among other issues. Investors also approved Amazon’s executive pay practices, despite recommendations for a “no” vote from major shareholder advisory firms. The company reelected its slate of directors, one of whom was ...

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Bain targets November for Virgin Australia’s $665m IPO

BLOOMBERG Bain Capital is targeting November to relist Virgin Australia Airlines Pty Ltd through an initial public offering that could raise about A$1 billion ($665 million), the country’s largest in two years, according to people familiar with the matter. The private equity owner plans to sell down about 40% of its stake in the carrier, which it rescued in a ...

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Ryanair wins fight with EU over Covid aid to rivals

BLOOMBERG Ryanair Holdings Plc notched up another court victory in its fight against Covid-19 bailouts to rivals, this time winning its challenge to a €130 million ($140 million) subsidy for Italian carriers affected by the pandemic. The EU’s General Court annulled the European Commission’s 2020 decision to clear the Italian aid package under the bloc’s state-aid rules, saying regulators failed ...

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