Delta to buy 20% of LATAM for $1.9 billion in regional shake-up
(This September 26 story corrects airline group to SkyTeam alliance instead of the Sky Alliance in paragraph 6)
Wells Fargo taps one-time Dimon protégé Scharf to lead turnaround
After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations.
In swipe at Trump, China tells U.N. tariffs could plunge world into recession
The Chinese government’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.”
Fed’s Harker opposed last rate cut, says officials should ‘hold firm’ on rates
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut and thinks the Fed should “hold firm” on interest rates.
Trump considers delisting Chinese firms from U.S. markets: sources
President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
Wall Street drops; White House considers delisting Chinese companies
U.S. stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges, raising worries about a further escalation in the U.S.-China trade war.
Exclusive: Hedge fund D.E. Shaw to push for break-up of Emerson – sources
Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.
Oil prices post weekly loss as supply fears wane
Oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.
Marathon’s board backs CEO amid calls for his ouster
Marathon Petroleum Corp said on Friday the top U.S. refiner’s board supported Gary Heminger staying on as chief executive officer amid calls for his ouster from two top 10 shareholders.
Fiat Chrysler to pay $40 million over inflated sales figures
Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).
