Hyperloop One gets Richard Branson on board
(Reuters) – Los-Angeles-based company, Hyperloop One said billionaire Richard Branson’s Virgin Group has invested in the company to form a strategic partnership.
Wells Fargo names Mike Roemer chief compliance officer
(Reuters) – Wells Fargo & Co , the third-biggest U.S. bank by assets, on Thursday named Mike Roemer chief compliance officer.
GM to cut production at Detroit plant, lay off workers: WSJ
DETROIT (Reuters) – General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan.
Wall Street drops as bank earnings fail to cheer, media stocks drag
(Reuters) – U.S. stocks fell on Thursday morning, dragged down by media companies, while results from JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.
Loan growth helps JPMorgan beat expectations despite trading decline
(Reuters) – JPMorgan Chase & Co easily beat Wall Street’s third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit.
HSBC picks company veteran John Flint as new chief executive
LONDON (Reuters) – HSBC has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe’s biggest bank.
Tight leash on costs helps Citigroup trump Wall Street view
(Reuters) – Citigroup Inc’s quarterly profit and revenue beat Wall Street expectations as the bank kept a tight lid on costs, booked a gain from an asset sale and saw strength in equity underwriting.
Lufthansa spreads wings by snapping up parts of failed Air Berlin
FRANKFURT/BERLIN (Reuters) – Lufthansa reinforced its position as Germany’s largest airline on Thursday by signing a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin .
Amazon to hire 120,000 workers in the U.S. for holiday season
(Reuters) – Amazon.com Inc said it would hire 120,000 workers in the United States this holiday season, same as last year, as the online behemoth prepares for the holiday shopping frenzy.
Lufthansa agrees to buy parts of insolvent Air Berlin
FRANKFURT (Reuters) – Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.
