SoftBank's Son cleaves to gut-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.
Fri, 06 Dec 2019 03:40:07 -0500
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China-made Tesla cars recommended for Chinese subsidies: ministry
- China's Industry Ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, according to a document published on Friday.
Fri, 06 Dec 2019 03:38:27 -0500
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Phoenix to buy Swiss Re's ReAssure unit for $4.1 billion
- Insurance group Phoenix Group Holdings said it had agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares, its biggest deal to date.
Fri, 06 Dec 2019 03:00:48 -0500
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JPMorgan 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.
Fri, 06 Dec 2019 02:25:00 -0500
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Italy'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.
Fri, 06 Dec 2019 02:12:10 -0500
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Indonesia 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.
Fri, 06 Dec 2019 02:08:35 -0500
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Asian 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.
Fri, 06 Dec 2019 02:04:55 -0500
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Returning 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.
Fri, 06 Dec 2019 01:09:12 -0500
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Uber 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.
Fri, 06 Dec 2019 00:40:40 -0500
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Labor 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.
Thu, 05 Dec 2019 23:10:13 -0500
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