JPMorgan profit tops estimates on higher interest income
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday, as higher interest income and gains in the bank’s advisory and debt underwriting business offset weakness in trading.
Chinese group to get control of Japan Display after $2.1 billion bailout
A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker.
Fiat Chrysler CEO gives upbeat outlook for year
The head of Fiat Chrysler gave an upbeat outlook for the year after a tricky end to last year and a slow start to this one, confirming it was on track to meet its targets.
U.S. Senator Warner eyes social media bills for hate speech, data portability
U.S. Senator Mark Warner, who co-sponsored legislation this week to ban deceptive practices by social media companies, said on Thursday he was eyeing additional bills aimed at limiting hate speech and allowing users to move their data across platforms….
Fiat Chrysler ready for bold action to build solid future: chairman
The chairman of Fiat Chrysler John Elkann said on Friday he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.
Deutsche Bank CEO and chair to stay in top roles after possible merger: Spiegel
Deutsche Bank’s current Chief Executive Christian Sewing and Chairman Paul Achleitner would continue to lead the bank if it merges with Commerzbank, a German magazine reported on Friday.
Chevron to buy Anadarko Petroleum for $33 billion
Chevron Corp said on Friday it would buy smaller rival Anadarko Petroleum Corp for $33 billion in cash and stock to strengthen its presence in the Permian basin and beef up its LNG business.
Danske Bank auditor EY reported to fraud squad over 2014 report
Accountant EY’s audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter.
HSBC directors take pension cut after investor pressure
HSBC’s three executive director board members have agreed a reduction in their pension allowance from 30 to 10 percent of base salary, following increasing scrutiny from investors and other stakeholders on overall executive pay.
Bayer says to comply with court mediation order in glyphosate case
Bayer said on Friday it would comply with a U.S. federal judge’s order to enter mediation with a plaintiff who claims the company failed to warn against an alleged cancer risk from its Roundup weedkiller.
