NEOM

Saudi Arabia has confirmed that the NEOM megaprojects will proceed as initially planned, despite previous reports suggesting a potential scaling back of the futuristic desert development. What Happened: The Kingdom’s economy minister, Faisal Al Ibrahim, dismissed earlier reports of a...

Klaus Kleinfeld abruptly resigned from his post as CEO of Arconic Inc (NYSE: ARNC) (formerly Alcoa Inc.) after writing an unauthorized letter to activist investor Elliott Management. The hedge fund viewed the letter as being "a threat to intimidate or extort a senior officer." Kleinfeld's apparent...