South African Airways inks deal to end eight-day strike
South African Airways (SAA) signed a wage deal with trade unions on Friday to end an eight-day strike that brought the cash-strapped state airline to the brink of collapse.
Deutsche Bank sues Madoff feeder funds for reneging on $1.6 billion claims sale
Deutsche Bank has sued two offshore funds that funneled money to Bernard Madoff for 14 years, accusing them of reneging on their agreement to sell more than $1.6 billion of claims in the bankruptcy of the swindler’s firm.
M&S poaches Tesco executive for top clothing job
British retailer Marks & Spencer has appointed the chief executive of rival Tesco’s F&F Clothing division to be the boss of its struggling clothing and home business, it said on Friday.
S&P 500, Dow Jones edge higher on trade optimism; Tesla drags Nasdaq
The S&P 500 and Dow Jones indexes eked out gains on Friday after President Donald Trump signalled an imminent trade deal with China, while the Nasdaq was weighed down by a slump in shares of Tesla after the launch of its electric pickup truck.
Shattered expectations: Design questioned after Tesla truck launch
(Editor’s note: language in paragraph 3 which some readers may find offensive)
Airbnb COO Belinda Johnson to step down
Airbnb Inc said on Friday Chief Operating Officer Belinda Johnson will step down from the role and join the board of the home rental platform.
Emirates’ Clark says Rolls-Royce needs to sort itself out after engine delays
The board of Rolls-Royce must urgently address its engine performance problems, the head of Dubai’s Emirates said, as the world’s largest buyer of wide-body jets weighs up who will power its order of Boeing 787 jets.
Mediaset plans meeting in hope of breaking deadlock with Vivendi
Italian broadcaster Mediaset will hold a special shareholder meeting to try and reach agreement with Vivendi over its plan to set up a holding company, the Italian firm said on Friday, as the pair head to court to try and resolve their dispute.
Judge gives Mediaset, Vivendi until Nov. 29 to find accord: sources
An Italian judge has pushed back to Nov. 29 a deadline to settle a dispute between Italian private broadcaster Mediaset and its number 2 shareholder French media group Vivendi , two legal sources said on Friday.
AstraZeneca shares rise on early U.S. approval for leukemia drug
AstraZeneca shares rose 2.7% on Friday after the British drugmaker won earlier-than-expected U.S. regulatory approval for a leukemia drug, in a challenge to rival AbbVie .
