General Electric to cut 4,500 jobs in Europe: source
(Reuters) – General Electric Co plans to cut as many as 4,500 jobs in Europe as the U.S. industrial conglomerate shrinks its troubled power generation business, a labor union source said on Tuesday.
Home Depot sets $15 billion share buyback, investment plan
(Reuters) – Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years.
U.S. Comptroller halts plan to remove in-house bank examiners
WASHINGTON (Reuters) – Bank examiners can continue working inside the banks they supervise, U.S. Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.
Deutsche Boerse chairman considering early departure: Handelsblatt
BERLIN (Reuters) – Deutsche Boerse Chairman Joachim Faber is considering quitting as head of the exchange operator’s supervisory board as early as in 2019, Handelsblatt reported, citing sources in the finance industry.
Google beats class action sex bias claims, for now
(Reuters) – A California state judge has dismissed class action claims accusing Alphabet Inc’s Google of paying female employees less than men and giving them fewer opportunities for promotions.
Wall Street hits a lull even as technology stocks gain
(Reuters) – Wall Street turned weary in late morning trading on Wednesday, with a slide in energy stocks and Home Depot offsetting gains in technology sector as investors readjust their stock holdings.
German prosecutors begin initial inquiry into BMW diesel emission allegations
MUNICH (Reuters) – Munich prosecutors have opened a preliminary inquiry into allegations made this week by Germany’s main environmental lobby group that a BMW diesel model is fitted with engine software capable of cheating on emissions tests.
T-Mobile rolls out buyback plan after Sprint deal talks collapse
(Reuters) – T-Mobile US Inc said its board approved the U.S. wireless carrier’s first-ever buyback program, a month after the company and rival Sprint Corp ended their deal talks.
Wal-Mart drops Stores from name to shed brick and mortar image
(Reuters) – Wal-Mart Stores Inc will be known as Walmart Inc, effective Feb. 1, the world’s largest retailer said on Wednesday, as part of its efforts to rebrand itself as more than a brick and mortar store.
Munich prosecutors start initial inquiry into BMW emissions allegations
MUNICH (Reuters) – Munich prosecutors said on Wednesday they had opened a preliminary inquiry into allegations raised by Germany’s main environmental lobby that a BMW diesel model is fitted with engine software capable of cheating on emissions tests.
