CBS board in exit negotiations with CEO Moonves: source
Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
Exclusive: Customers to shun Rusal at Berlin ‘mating season’ for 2019 aluminum deals
European customers will avoid deals with Russia’s United Company Rusal, under U.S. sanctions, when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions said.
U.S. weekly jobless claims drop to near 49-year low
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.
Tech weakness, trade jitters hit S&P, Nasdaq
The S&P 500 and the Nasdaq dropped on Thursday, as internet stocks faltered for a second day on concerns about increased regulation, while Micron led a decline in chip stocks.
Elliott renews calls for Hyundai Motor revamp: source
Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal.
Facebook removes Burmese translation feature after Reuters report
Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results.
U.S. factory orders fall in July on weak aircraft demand
New orders for U.S.-made goods fell slightly more than expected in July, weighed down by weak demand for aircraft, but signs of a pickup in business spending suggested that the manufacturing sector remained on solid ground.
Wall Street opens flat as trade worries linger
U.S. stocks opened flat on Thursday, weighed down by concerns that the Trump administration would make good on its plan for fresh China tariffs and as energy stocks dropped.
CBS board in $100 million exit negotiations with CEO Moonves: CNBC
Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves and has offered about $100 million exit package, CNBC reported, citing people familiar with the negotiations.
U.S., Canadian trade negotiators set for second day of talks
Top U.S. and Canadian trade negotiators were set for a second day of talks on Thursday over a revised North American Free Trade Agreement after their subordinates worked late into the night to flesh out opportunities for a compromise deal.
