$TWX said that that it has agreed with Chairman & CEO, Jeff Bewkes, to extend the term of his employment agreement another 3 years through 2020. Bewkes served as $TWX's President & CEO before he was appointed as Chairman & CEO in 2009. The agreement does not have any change Bewkes' compensation.
$SPG's funds from operations for 1Q17 rose 4.2% to $985MM, or $2.74 per share, compared to $951.8MM, or $2.63 per share during 1Q16. For FY17, $SPG expects EPS to be in the range of $6.50-6.60 and FFO to be about $11.45-11.55 per share.
$MET elected Glenn Hubbard to independent lead director, effective June 13, 2017, the date of its 2017 annual shareholders meeting. Hubbard's re-election as a director will be among those subject to shareholder approval at the annual meeting. Hubbard would succeed Cheryl Grise, who will continue to serve as a board member.
$SPG reported lower 1Q17 earnings, as prior year results included gains of $22.7MM related to acquisition. Net income fell to $477.7MM, or $1.53 per share, compared to $481MM, or $1.55 per share during 1Q16. Revenue during the quarter was $1.35Bil.