AIG reaches pact with Expedia to provide travel insurance
(Reuters) – Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers.
Dow falls 1 percent as trade war fears hurt industrials
(Reuters) – The Dow industrials fell more than 1 percent for a fourth straight day on Friday on mounting fears of a global trade war following President Donald Trump’s promise to impose import tariffs on steel and aluminum.
U.S. announces 10 indictments in international fraud scheme
NEW YORK (Reuters) – The U.S. Department of Justice on Friday announced the indictment of six people and four corporate defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in international securities fraud and…
Hopeful but wary, pizza chain Sbarro plots Russia return
MOSCOW (Reuters) – U.S. pizza brand Sbarro [SBARO.UL] is re-entering the Russian market, encouraged by a nascent economic recovery but wary of taking aggressive steps after its long-time franchisee fell prey to a downturn.
Deason sues Xerox to allow new board nominations
(Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Co…
Wall Street opens sharply lower on trade war fears
(Reuters) – U.S. stocks opened sharply lower on Friday as investors fretted President Donald Trump had launched a global trade war with his promise to impose import tariffs on steel and aluminum.
Exclusive: GM plants to cut 5,000 South Korean jobs
SEOUL (Reuters) – General Motors’ South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by…
Cryptocurrencies failing as money, but technology has promise: Carney
LONDON (Reuters) – Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could improve the financial system in future, Bank of England Governor Mark Carney said on F…
Investors urge Novartis to exert ‘moral influence’ amid Greek probe
ZURICH (Reuters) – Several Novartis shareholders urged the Swiss drugmaker on Friday to improve its oversight of staff, amid a widening probe into allegations that managers paid bribes to doctors and public officials in Greece.
Trump defiant after criticism of steel and aluminum tariffs
BRUSSELS/BEIJING (Reuters) – U.S. President Donald Trump said on Friday trade wars were good and easy to win, striking a defiant tone after global criticism of his plan to slap tariffs on imports of steel and aluminum that triggered a slide in world st…
