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Fri, Dec 6, 2019
4:25 amJPMorgan banker testifying for cartel prosecutors says there was no agreement
A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.
4:19 amPhoenix to buy Swiss Re's ReAssure unit for $4.1 billion
Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares
4:18 amSoftBank's Son cleaves to guts-led investing in chat with Alibaba's Ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.
4:12 amItaly's Atlantia interested in relaunch not rescue of Alitalia: paper
Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.
4:08 amIndonesia fines Garuda after CEO fired over smuggled Harley Davidson
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard a new plane, state news agency Antara cited the transport minister as saying.
4:04 amAsian shares up as trade optimism lingers, oil firm on OPEC+ output cut
Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were "moving right along", and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers agreed to cut output.
3:09 amReturning General Motors workers seen boosting U.S. November payrolls
U.S. job growth likely accelerated in November as former striking workers returned to General Motors' payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.
2:40 amUber says it received over 3,000 reports of sexual assault in U.S. in 2018
Ride-hailing firm Uber Technologies Inc said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about safety.
1:10 amLabor group accuses Google of illegally firing workers to stifle unionism
The Communications Workers of America union filed a federal labor charge against Alphabet Inc's Google on Thursday, accusing the company of unlawfully firing four employees to deter workers from engaging in union activities.
12:33 amChinese defy Hong Kong's protest gloom in hunt for bargain stocks
Chinese investors more than doubled their Hong Kong stocks purchases this year, braving market headwinds from violent street protests and the protracted Sino-U.S. trade war, which have battered the Asian financial hub's economy.
Thu, Dec 5, 2019
11:14 pmNo apology to Elon Musk from British diver at 'pedo guy' defamation trial
The British cave explorer suing Elon Musk for calling him a "pedo guy" on Twitter testified on Thursday that his criticism of the Tesla Inc chief executive that led to the tweet was not a personal attack.
10:25 pmSaudi Aramco prices shares at top of range in world's biggest IPO
RIYADH/DUBAI Reuters - State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.
10:18 pmGM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
General Motors Co and South Korea's LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities.
8:20 pmGoogle co-founders step aside as Pichai takes helm of parent Alphabet
Google co-founders Larry Page and Sergey Brin are stepping aside as leaders of the Internet behemoth they founded 21 years ago, ending an extraordinary run that saw them build one of the world's most valuable and influential companies.
8:20 pmFactbox: Alphabet's 'Other bets' in focus as Google's Pichai takes helm
Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.
7:57 pmBoeing says 737 MAX approval delays could hit production
Significant additional regulatory requirements or delays in returning Boeing Co's 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in an Oct. 18 letter released on Thursday.
7:56 pmFacebook sues ILikeAd, alleges ad fraud
Facebook Inc on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities' photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements.
7:49 pmUnited Auto Workers union names reformer Gamble president until 2022
The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms following a criminal investigation into illegal payoffs that has rocked the union.
7:48 pmHuawei mounts legal challenge against FCC over rural carrier customers
China's Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
7:17 pmWall Street inches higher as Dec. 15 tariff deadline looms
Wall Street eked out slight gains on Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China before a new round of tariffs scheduled to kick in on Dec. 15.
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