The sum represents initial compensation to make up for lost profits due to January’s midair blowout of a door plug.

Investors supported the company’s slate of board nominees. Peltz lost his bid to become a director in a win for the Disney CEO.

An agreement would pave the way for an exit by controlling shareholder Shari Redstone.

The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales.

Flexis, the electric-van joint venture formed by Volvo, Renault and CMA has named Philippe Divry as its chief executive.

The Chinese e-commerce giant staged its second highest quarterly buyback on record, spending $4.8 billion on shares in the first three months of 2024.