Uber picks VMware’s Zane Rowe as CFO: Bloomberg
(Reuters) – Uber Technologies Inc has picked VMware Inc’s Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company’s initial public offering in 2019, Bloomberg reported on Wednesday.
Subaru shares fall after NHK report of mileage cheating
TOKYO (Reuters) – Japan’s Subaru Corp falsified mileage and emissions readings on hundreds of vehicles, the country’s national broadcaster NHK reported on Thursday, knocking off as much as 3 percent from Subaru’s share price.
P&G to acquire German Merck’s consumer health business for about $4.21 billion
(Reuters) – Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion).
Credit Suisse gets license for wealth management business in Philippines
HONG KONG (Reuters) – Credit Suisse Group AG said on Thursday it has received regulatory approval to launch its wealth management business in the Philippines, allowing the Swiss bank to tap the growing onshore wealth in the Southeast Asian country.
Resource stocks jump in Asia as oil extends rally
SYDNEY (Reuters) – Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income ass…
Nike’s vice president of footwear quits
(Reuters) – Nike Inc’s vice president of footwear, Greg Thompson, has left the company, a company spokesman said on Wednesday, the latest in a string of executive departures at the sportswear maker.
Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law
SAN FRANCISCO (Reuters) – If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making …
Exclusive: Facebook to change user terms, limiting effect of EU privacy law
SAN FRANCISCO (Reuters) – If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making …
Qualcomm begins layoffs as part of cost cuts
(Reuters) – Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday.
Resource stocks rally as oil surges, bonds suffer
SYDNEY (Reuters) – Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets.
