Sundar Pichai tops Google pay with 650 million stake
Sundar Pichai earned a total stake valued at about 650 million dollars after receiving 273,328 Class C shares on February 3 and a prior 2018 vesting award. The Google CEO leads among top paid U.S. executives this year per Bloomberg filings. He leads Alphabet after its Google restructuring last year. Tidjane Thiam seeks a significant bonus cut at Credit Suisse after a 5.3 billion fourth quarter loss and 4,000 layoffs.
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Sundar Pichai
Google
U.S
Bloomberg
Pichai
Internet
Alphabet
Credit Suisse
Tidjane Thiam
Thiam
Starbucks Introduces Three Molten Valentines Drinks This Week
Starbucks rolls out three new Mol ten Chocolate selections including a Mol ten Chocolate Latte Mol ten Chocolate Frappuccino and Mol ten Hot Chocolate for a limited week. The National Retail Federation projects 1.7 billion dollars spent on Valentines candy, while Starbucks bets on broader appeal beyond sweets.
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Starbucks
National
Wall Street Reels as Oil Slips Under $30 a Barrel
Wall Street endured a turbulent day with the Dow halving a 400 point drop to close down 1.1 percent at 16,027 as oil prices slid below $30. The Nasdaq and S&P 500 fell while investors sought the safety of long-term Treasuries and gold jumped 2.9 percent. A weak January job report and questions over Fed rate hikes kept growth concerns front and center.
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Wall Street
Dow
China
U.S
Federal Reserve
Dow Jones
Standard & Poor
Treasury
Fed
Janet Yellen
Congress
Bill Stone
PNC Asset Management
Stone
Beijing
S&p
Ari Wald
Oppenheimer
Europe markets slide into bear amid global sell-off
European stocks endure heavy losses as the MSCI Europe index falls about 1 percent, putting it roughly 20 percent below its 12 month high and signaling a bear market. Banks face pressure from low rates and rising credit stress while oil prices stay weak. Investors await Fed testimonies and yuan movements for clues on rate paths and global growth.
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Wall Street
S&p
Europe
U.S
Standard & Poor
DAX
Frankfurt
Joe Quinlan
U.S. Trust
USA Today
Quinlan
Chesapeake says it has no plans to seek bankruptcy
Chesapeake Energy denied Debtwire's report that it engaged Kirkland & Ellis to discuss balance sheet solutions. The Oklahoma City firm insisted it is not planning bankruptcy and is pursuing value for shareholders, as shares recovered from a dramatic intraday drop to $1.51.
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Chesapeake
Chesapeake Energy
U.S
Kirkland & Ellis
University of Phoenix to go private in $1.1 billion deal
Apollo Education Group agreed to be acquired by a consortium including The Vistria Group Apollo Global Management and Najafi Companies in a 1.1 billion transaction to take the for profit university private. The deal values shares at 9.50 and aims to close in August pending approvals.
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University of Phoenix
Vistria Group
Apollo Global Management
Najafi Companies
Apollo Education Group
Apollo Education
U.S. Department of Education
Tony Miller
Greg Cappelli
Ternational
Federal Trade Commission
Miller
State Department
Obama
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Marketwatch.com
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