March 26 (Reuters) - Phillips 66 said on Wednesday it has nominated four executives to stand for election as directors at its upcoming annual shareholders' meeting as the proxy fight with activist Elliott Investment Management intensifies. The nominations include John E. Lowe and Robert W. Pease, who are currently serving as directors. Phillips also named Nigel Hearne and Howard I....

07:25 AM EDT, 03/26/2025 (MT Newswires) -- Phillips 66 (PSX) is expected to nominate two new members to its board amid a proxy battle with activist investor Elliott Investment Management, The Wall Street Journal reported Wednesday, citing unnamed sources familiar with the plan. The oil refiner is also expected to ask its shareholders to approve the declassification of its board,...

07:24 AM EDT, 03/26/2025 (MT Newswires) -- Foot Locker ( FL ) said Wednesday that it has named Franklin Bracken as president, effective immediately. Bracken, currently chief commercial officer, will continue to oversee global retail operations, marketing, merchandising, digital platforms, loyalty programs, and real estate, the company said. ...

07:29 AM EDT, 03/26/2025 (MT Newswires) -- A European high court on Wednesday slightly reduced the penalties imposed on two of the big global banks accused of cartel-like behavior from 2007 to 2011. The European Council in 2021 imposed fines totaling 371 million euros ($400.3 million) on UBS (UBS), Nomura (NMR), and UniCredit over uncompetitive collusion in the trading of...