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December 6, 2019
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BlackRock says global active equities chief Wiseman to leave firm after breaching relationships policy

Reuters
(Reuters) – Mark Wiseman, global head of active equities at BlackRock Inc, is leaving the firm following a violation of the company’s “relationships at work policy,” the world’s largest asset manager said in an internal memo on Thursday. Mark Wiseman, Global Head of Active Equities and Chairman of BlackRock Alternative...
Reuters - Business

United Airlines picks Scott Kirby to replace Oscar Munoz as CEO

Reuters
(Reuters) – United Airlines Holdings Inc (UAL.O) on Thursday named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive chairman in May 2020. FILE PHOTO: United Airlines president Scott Kirby speaks at O’Hare International Airport in Chicago, Illinois, U.S., June...
Reuters - Business

CBS, Viacom complete merger in a win for Shari Redstone

Reuters
FILE PHOTO: The CBS Television Studios campus is seen in Los Angeles, California, U.S. August 3, 2018. REUTERS/Lucy Nicholson (Reuters) – CBS Corp and Viacom Inc completed their merger on Wednesday, reuniting media mogul Sumner Redstone’s U.S. entertainment empire. The combined entity, ViacomCBS Inc VIACA.O VIAC.O, is controlled by National...
Reuters - Business

Ryanair CEO denies accusation of bullying former operations chief

Reuters
DUBLIN (Reuters) – Ryanair (RYA.I) chief executive Michael O’Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver. Ryanair’s Michael O’Leary walks at the Four Courts in Dublin after...
Reuters - Business

Johnson & Johnson says new tests show no asbestos in Johnson’s Baby Powder

Reuters
(Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday that recent tests showed that Johnson’s Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the material in the product earlier this year. FILE PHOTO: Bottles of Johnson & Johnson baby powder line...
Reuters - Business

PG&E failed to inspect transmission lines that caused deadly 2018 wilfdfire: state probe

Reuters
(Reuters) – Bankrupt California power producer PG&E Corp (PCG.N) did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state regulator has concluded. FILE PHOTO: PG&E works on power lines to repair damage...
Reuters - Business

Wells Fargo names Scott Powell as COO

Reuters
FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake (Reuters) – Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took...
Reuters - Business

UAW announces financial reforms as U.S. corruption probe widens

Reuters
FILE PHOTO: United Auto Workers (UAW) union President Gary Jones and UAW Secretary-Treasurer Ray Curry raise their arms during the UAW delegates at the ‘Special Convention on Collective Bargaining’ in Detroit, Michigan, U.S. March 13, 2019. REUTERS/Rebecca Cook/File Photo (Reuters) – The United Auto Workers (UAW) union said on Monday...
Reuters - Business

U.S. Attorney says government can still seek to take auto workers union control: Detroit News

Reuters
An American flag flies in front of the United Auto Workers union logo on the front of the UAW Solidarity House in Detroit, Michigan, September 8, 2011. REUTERS/Rebecca Cook (Reuters) – The U.S. government may still seek to take control of the United Auto Workers Union (UAW) once its investigators...
Reuters - Business

Morgan Stanley dismisses traders linked to concealment of multimillion-dollar loss: Bloomberg

Reuters
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – Morgan Stanley (MS.N) has fired or placed on leave at least four traders over alleged mismarking of securities that concealed losses of between $100 million and $140...
Reuters - Business

Alibaba’s Hong Kong shares rise 6.6% on debut in heavy volume

Reuters
HONG KONG (Reuters) – Alibaba Group’s (BABA.N) (9988.HK) Hong Kong shares closed their first trading session up 6.6% from the issue price after this year’s largest stock sale. Shares worth HK$13.99 billion ($1.78 billion) were traded, according to Refinitiv data, making it the third biggest debut on record for the...
Reuters - Business

Alibaba’s Hong Kong shares mark maiden day of trade with small premium to New York

Reuters
HONG KONG (Reuters) – Alibaba Group’s (BABA.N) (9988.HK) Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year. The Chinese e-commerce giant has raised at...
Reuters - Business

Alibaba in solid Hong Kong debut, trades at small premium to New York

Reuters
HONG KONG (Reuters) – Alibaba Group’s (BABA.N) (9988.HK) Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year. FILE PHOTO: A logo of Alibaba Group...
Reuters - Business

Alibaba shares trading 7.7% higher in Hong Kong debut

Reuters
FILE PHOTO: A logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Alibaba Group’s (BABA.N)(9988.HK) Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city’s biggest share sale in...
Reuters - Business

AIG to sell 76.6% stake in Fortitude Re for $1.8 billion

Reuters
FILE PHOTO: Banners commemorating the 100th anniversary of American International Group Inc. adorn the New York Stock Exchange in Manhattan, New York, U.S. October 10, 2019. REUTERS/Suzanne Barlyn (Reuters) – U.S. insurer American International Group Inc (AIG.N) said on Monday it would sell a major portion of its stake in...
Reuters - Business

Goldman Sachs unveils internal campaign on use of gender identity pronouns

Reuters
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid – RC1BDE36CF80/File Photo (Reuters) – Goldman Sachs Group Inc (GS.N) said on Friday it has launched an internal...
Reuters - Business

FedEx CEO challenges NYT publisher to public debate after tax story

Reuters
FILE PHOTO: President, Founder and CEO of Fedex Frederick Smith arrives to meet with U.S. President-elect Donald Trump at Trump Tower in the Manhattan borough of New York City, NY, U.S. November 17, 2016. REUTERS/Mike Segar (Reuters) – FedEx Corp (FDX.N) Chief Executive Frederick Smith has challenged the publisher of...
Reuters - Business

UK’s Corbyn: Labour to exclude NHS, medicines from trade deals with U.S.

Reuters
Britain’s opposition Labour Party leader Jeremy Corbyn holds a picture during a general election campaign event in Morecambe, Britain November 15, 2019. REUTERS/Andrew Yates (Reuters) – UK opposition leader Jeremy Corbyn said the Labour Party will exclude Britain’s National Health Service and medicines from trade deals with the United States,...
Reuters - Business

Visa discloses FTC probe on debit transactions

Reuters
FILE PHOTO: VISA credit cards are seen in this picture illustration taken June 9, 2016. REUTERS/Maxim Zmeyev/Illustration/File Photo GLOBAL BUSINESS WEEK AHEAD (Reuters) – Visa Inc (V.N) on Thursday said the Federal Trade Commision (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other...
Reuters - Business

Ford uses Mustang name, hoping new electric SUV will zap Tesla

Reuters
(Reuters) – Ford Motor Co (F.N) will tag its new electric sport utility vehicle (SUV) with the Mustang name, the automaker said on Thursday, seeking to entice customers into a new era by linking it to the model whose groundbreaking design in the 1960s combined sportiness affordability. Ford confirmed its...

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