Commerzbank’s market share is too small, CEO says amid merger talks
Commerzbank’s market share is too small and organic growth is too slow, the lender’s chief executive told employees as he weighs a tie-up with Deutsche Bank .
Target raises hourly minimum wage to $13, further topping Walmart’s $11
Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12, increasing its payroll costs and putting new pressure on rival Walmart Inc to follow suit, given a labor market that is among the tightest in half a century.
Snap adds games to Snapchat app to hold on to young users
Snap Inc on Thursday launched a gaming platform within its Snapchat app featuring original and third-party games such as Zynga Inc’s Tiny Royale, aiming to keep existing users engaged longer and attract new ones.
Tesla’s Elon Musk in court as judge weighs SEC contempt case
A federal judge in Manhattan began considering on Thursday whether Tesla Inc Chief Executive Elon Musk should be held in contempt for violating a fraud agreement, the latest twist in a high-profile battle between the billionaire and the government.
ECB will ask Deutsche Bank to raise fresh funds for merger: source
The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.
Stocks stall on trade talk cloudiness, German data hits euro
Global stocks edged lower on Thursday, as investors looked for appreciable signs of progress in U.S.-China trade talks while the euro was dented on the heels of disappointing economic data out of Germany.
Drug company founder put ‘profits over patients’ to push opioid: U.S. prosecutor
The founder of Insys Therapeutics Inc put profits over patients’ safety by bribing doctors to prescribe an addictive fentanyl spray, fueling the U.S. opioid epidemic, a federal prosecutor said Thursday at the end of a landmark trial.
Jeff Bezos’ ex-wife cedes control of Amazon in divorce deal
MacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer Jeff Bezos, will give 75 percent of their stake in the company and all voting rights to the billionaire entrepreneur as part of their divorce settlement. MacKenzie Bezos …
Factbox: Main points of Ethiopian Airlines preliminary crash report
The Ethiopian Civil Aviation Authority has released a preliminary report into an Ethiopian Airlines crash on March 10 that killed 157 people and resulted in the worldwide grounding of more than 300 Boeing 737 MAX jets.
Goldcorp shareholders approve Newmont’s $10 billion takeover offer
Goldcorp shareholders approved Newmont Mining Corp’s $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world’s largest gold producer.
