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Exxon loses board seats to activist hedge fund in historic climate vote Hits: 94 NEW YORK--A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change. The success by hedge fund Engine No. 1 in its showdown with Exxon shocked an energy industry struggling to address growing investor concerns about global warming. It happened on the same day activists scored a big win against anoth...

Two nominees from activist group Engine No. 1 won enough votes to secure board seats.

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force…

Amazon agrees to buy MGM in $8.45 billion deal Amazon said Wednesday it had agreed to buy MGM Holdings in a deal valued at $8.45 billion, including debt. The purchase is expected to provide a major boost to Amazon's Prime Video streaming platform by giving it the Hollywood studio's library of more than 4,000 films, including the James Bond and Rocky franchises. Amazon also will get classic films from The Silence of the Lambs to 12 Angry Men, as well as popular TV series, including The Handmaid's Tale and Fargo. "The acquisition's thesis here is really very simple," Amazon CEO Jeff Bezos s...

The success by activist hedge fund Engine No. 1 during the Exxon shareholder meeting showdown sent shockwaves across an energy industry grappling to address concerns about climate change.