Carlyle Group unveils new leadership as founders step back
(Reuters) – Carlyle Group LP said on Wednesday that Glenn Youngkin and Kewsong Lee would become its co-chief executives, in the U.S. private equity firm’s biggest shakeup since it was founded by David Rubenstein, William Conway and Daniel D’Aniello 30…
Apple reduced Face ID accuracy to ease production: Bloomberg
The Face ID system – among the $999 iPhone X’s most talked about features – uses a mathematical model of users’ faces to allow them to sign on to their phones or pay for goods with a steady glance at their phones.
Volkswagen CEO denies price fixing by German carmakers
STUTTGART, Germany (Reuters) – German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel, Volkswagen’s chief executive Matthias Mueller said on Wednesday.
Dollar lifted by Fed leadership talk, shares tread water
LONDON (Reuters) – The dollar got a lift on Wednesday after a report that Republican senators were leaning toward John Taylor to be the next Federal Reserve chief, while share markets turned flat after a run of highs.
M&S clothing & beauty director Jenkins to head White Stuff
LONDON (Reuters) – Marks & Spencer’s director of clothing and beauty Jo Jenkins has resigned to join private clothing chain White Stuff as chief executive, the British retailer said on Wednesday.
Hong Kong’s storied stock trading hall shuts up shop
HONG KONG (Reuters) – The lights go out and screens turn blank in the trading hall of Hong Kong’s stock exchange this week, marking the end of an era for the red-carpeted, cavernous space that was home to more than a thousand floor traders in its heyda…
Chinese and millennial shoppers drive rebound in luxury goods sales: Bain
PARIS/MILAN (Reuters) – Worldwide sales of luxury goods such as high-end handbags, shoes and jewelry are growing faster than expected this year thanks to thriving demand from Chinese customers and young shoppers, according to consultancy Bain & Co.
Nissan says orders for new Leaf EV beating expectations
TOKYO (Reuters) – Nissan Motor Co has received more than 9,000 orders for its new Leaf electric-vehicle (EV) model in Japan, a senior executive said on Wednesday.
Asian shares edge up, Nikkei snaps 16-day winning streak
TOKYO (Reuters) – Asian shares edged higher on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning toward John Taylor to be the next Federal Reserve chief.
T-Mobile, Sprint ready board committees to decide on merger: sources
(Reuters) – T-Mobile US Inc and Sprint Corp are laying the groundwork for special committees of their boards of directors to decide on a merger between the third and fourth largest U.S. wireless carriers, according to people familiar with the matter….
