JPMorgan Chase boosting employee bonus pool 3 percent for 2018
JPMorgan Chase & Co is boosting its bonus pool by 3 percent for 2018 after its investment banking division topped charts throughout the year, people familiar with the matter told Reuters on Thursday.
Moody’s lowers PG&E’s credit rating to junk, joins S&P
Moody’s on Thursday joined S&P in lowering PG&E Corp’s credit rating deeper into junk territory, citing a challenging environment for the California power provider as it faces billions of dollars in liabilities related to wildfires.
Brazil approves Boeing-Embraer tie-up with new commitment to keep local jobs
The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation.
U.S., China eye higher-level talks after discussing tech transfer
U.S. and Chinese officials are working on arrangements for higher-level trade talks after mid-level officials this week discussed U.S. demands on issues that would require structural change in China to address such as intellectual property theft, force…
JPMorgan Chase to increase employee bonus pool 3 percent: sources
JPMorgan Chase & Co will increase the pool for employee bonuses by 3 percent overall for 2018, according to sources familiar with the matter.
Alphabet board faces lawsuit on allegations of sexual misconduct cover-up
A shareholder’s lawsuit filed on Thursday said the board of Google parent Alphabet Inc played a direct role in covering up sexual misconduct claims against two top executives in 2014 and 2016.
Wall Street shrugs off Macy’s, rallies for fifth session
Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks.
Fiat Chrysler agrees to $800 million U.S. diesel-emissions settlement
Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, but still f…
U.S. judge lets Buffett’s Dairy Queen sue W.B. Mason over ‘Blizzard’
A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc, may pursue its lawsuit to stop W.B. Mason Co from selling “Blizzard” bottled spring water, the name it uses for a popular ice cream product…
Sears chairman confirms new $5 billion bid to save bankrupt retailer
Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business…
