What are AT1 bonds and why are Credit Suisse’s now worthless? | CNN Business

London CNN  —  Investors in a riskier type of Credit Suisse’s bonds had the value of…

Union Pacific CEO to leave after push from activist shareholder | CNN Business

New York CNN  —  Union Pacific shares jumped 10% in premarket trading Monday after the railroad…

Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it’s shelling out $7.5 billion for shareholders | CNN Business

New York CNN  —  Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend…

Warren Buffett is missing out on this year’s market comeback | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a…

Big Oil faces scrutiny after huge jump in profits | CNN Business

London CNN  —  BP (BP), Chevron (CVX), ExxonMobil, Shell and Total (TOT)Energies raked in a record…

Tim Cook agrees to a massive pay cut | CNN Business

London CNN  —  Apple CEO Tim Cook has agreed to cut his pay this year after…

Jack Ma to relinquish control of Ant group | CNN Business

CNN  —  Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s…

Elon Musk heads to court over Tesla pay that made him the world’s richest person | CNN Business

Washington, DC CNN  —  Tesla and CEO Elon Musk will spend this week in court to…

This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders | CNN Business

New York CNN  —  Phillips 66 is cutting at least 1,100 jobs by the end of…