Exclusive: Hedge fund Diamondback founders Schimel and Sapanski plan new fund – sources
The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said.
VW’s Skoda unions object to renewed talks on production moves
Trade unions at Volkswagen’s Czech unit Skoda Auto on Thursday rejected any idea of moving some of the production of its premium sedan model Superb to German plants.
U.S. labor board to ease companies’ liability for contractors’ labor practices
The U.S. agency that enforces federal labor laws took the first steps on Thursday towards loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
Apple leads Wall Street higher as trade worries ease
A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
Goldman names new operating chief, finance head in executive shakeup
Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein’s successor.
Roche steps up efficiency drive to take sting out of biosimilars
Roche , the world’s biggest producer of cancer drugs, is stepping up cost cuts in an efficiency drive made unavoidable by competition from cut-price copies of three mega-brands from its famed U.S. Genentech biotech stable.
UPS goes back to business in $20 billion automation push
United Parcel Service Inc is bolstering services to boost shipments between businesses as part of a $20 billion push to automate its network and offset lower-profit home deliveries from Amazon.com and other online retailers.
U.S. labor board moves to ease companies’ liability for contractor, franchisee violations
The U.S. agency that enforces federal labor law on Thursday took the first steps toward loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
Trump’s antitrust enforcer considers shifting up a gear
The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, dru…
Goldman Sachs names new finance head in management shakeup
Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein’s successor earlier in the year.
