Starbucks chief executive apologizes for arrests of two black men
(Reuters) – Starbucks Chief Executive Kevin Johnson apologized late on Saturday for the arrests of two black men at a Philadelphia coffee shop last week, which sparked accusations of racial profiling.
‘Boiled frog syndrome’: Germany’s China problem
SCHROBENHAUSEN, Germany (Reuters) – Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades.
U.S., Mexico and Canada hasten NAFTA talks as elections loom: Pena Nieto
LIMA/MEXICO (Reuters) – The United States, Mexico and Canada will expedite NAFTA talks in a push to reach a deal in coming weeks, Mexico’s president said on Saturday after a meeting with the U.S. vice president and Canadian prime minister.
Martin Sorrell quits as head of world’s biggest ad group WPP
LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit on Saturday after an allegation of personal misconduct.
Proxy adviser ISS recommends against five Equifax directors over cyberbreach
(Reuters) – Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote against the re-election of five Equifax Inc directors who served on the company’s audit and technology committees prior to a 2017 data breach.
Martin Sorrell quits as head of WPP advertising agency
LONDON (Reuters) – Martin Sorrell quit as the head of WPP on Saturday, leaving the world’s biggest advertising agency 33 years after he founded it due to an investigation into personal misconduct.
China slows review of chip company mergers amid trade tensions: WSJ
(Reuters) – Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U.S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
German interior minister rejects union’s six percent wage demand
BERLIN (Reuters) – German Interior Minister Horst Seehofer said on Saturday he would press for “reasonable results” in the next round of pay talks with more than two million public sector workers, but he rejected the Verdi union’s demand for a six perc…
Wall Street eyes earnings stabilizer after FAANG stocks wobble
(Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the recent sell-off in the high-flying grou…
GE books $4.2 billion charge, restates earnings as expected
NEW YORK (Reuters) – General Electric Co said on Friday it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would co…
