VW CEO offices searched in Audi investigation VW CEO offices searched in Audi investigation:- Munich prosecutors searched the offices of Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said. Some 100 officials searched Audi's headquarters […]
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Business
Unilever prepares 6 billion pound sale of food brands Unilever (ULVR.L) (UNc.AS) is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday. The Anglo-Dutch company is planning to sell Flora margarine and Stork butter brands, the Sunday Times said. The […]
Albertsons held preliminary merger talks with Sprouts Albertsons held preliminary merger talks with Sprouts:- Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O), Bloomberg reported on Sunday, citing people familiar with the situation. Bloomberg said the early stage discussions took place in recent weeks […]
Uber president Jeff Jones quits, deepening turmoil Uber president Jeff Jones quits, deepening turmoil:- Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image. Jones quit less than seven […]
Asia stocks mixed, dollar slips as Fed continues to weigh Asia stocks mixed, dollar slips as Fed continues to weigh:- Asian stocks were mixed on Monday in thin trade, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's less […]
House Democrat seeks interviews with Wells Fargo executives House Democrat seeks interviews with Wells Fargo executives:- The top Democrat on a key House of Representatives committee has demanded a chance to interview executives of Wells Fargo & Co (WFC.N), which has been embroiled in a scandal over fake accounts, because […]
Investment banks ditch the diet and look to expand Investment banks ditch the diet and look to expand:- After several years of restructuring and regulatory pressure, investment banks have reached a turning point after Donald Trump became American president and can look to grow again, according to a study published […]
McDonald shareholders to weigh giving franchisees board seat McDonald shareholders to weigh giving franchisees board seat:- McDonald's Corp (MCD.N) investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday. […]
Wall Street bonuses may show first uptick since 2009, firm says Wall Street bonuses may show first uptick since 2009, firm says:- Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday. An […]
Bank of America shareholders revive chairman debate Bank of America shareholders revive chairman debate:- Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. A shareholder proposal […]
