Two big California pension systems oppose nine Wells Fargo directors Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal. Leaders of the […]
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United CEO Munoz will not chair board in 2018 following passenger furor United Continental Holdings Inc (UAL.N) said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger. In a reversal […]
Saudi Aramco formally appoints banks to advise on share sale Saudi Aramco formally appoints banks to advise on share sale:- Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The […]
AIG executives meet analysts to push resiliency message AIG executives meet analysts to push resiliency message:- American International Group Inc (AIG.N) executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter […]
Dollar, stocks edge up as U.S. healthcare vote back on Dollar, stocks edge up as U.S. healthcare vote back on:- The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained […]
Oil bounces off November lows, but bloated U.S. stockpiles pressure market Oil bounces off November lows, but bloated U.S. stockpiles pressure market:- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led […]
Airbnb embarks on China push with more staff, local name Airbnb embarks on China push with more staff, local name:- U.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday, even as the Silicon […]
Oil prices fall on bloated U.S. crude storage Oil prices fall on bloated U.S. crude storage:- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. At 0803 GMT, prices for front-month Brent crude […]
Luxury goods group Hermes delivers record 2016 profit margin Luxury goods group Hermes delivers record 2016 profit margin:- French luxury goods group Hermes (HRMS.PA) said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury […]
Hot U.S. real estate a potential red flag Hot U.S. real estate a potential red flag:- The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool […]
