Uber’s Kalanick reignites power struggle, names two to board
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.
Uber’s Kalanick says he appoints former Xerox, Merrill bosses to board
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new board members, challenging Uber shareholders who have asked a court to stop the former chief executive from naming directors.
U.S. fines HSBC $175 million for lax forex trading oversight
WASHINGTON (Reuters) – The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulat…
S&P 500, Nasdaq hit records on tech lift
(Reuters) – The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.
ISS says P&G investors should vote Peltz on to board
NEW YORK (Reuters) – Institutional Shareholder Services, the influential proxy adviser, said on Friday shareholders in Procter & Gamble Co should vote activist investor Nelson Peltz to the board of the consumer goods giant.
Tech gains lift S&P 500, Nasdaq to records; Dow slips
(Reuters) – The S&P 500 and the Nasdaq rose to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes were on track to close out the quarter with solid gains.
Lagging U.S. online giants, Europe calls on them to pay up
TALLINN (Reuters) – French, Italian and other European leaders upped the pressure on mostly U.S. tech giants to pay their fair share of taxes in the European Union and abide by the bloc’s rules when they met on Friday, but were still far from a consens…
Bankers anxious over consumer reactions to Equifax breach
(Reuters) – U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack.
S&P, Nasdaq hit record on gains in tech, financials
(Reuters) – The S&P 500 and the Nasdaq hit record levels on Friday, the last trading day of the quarter, helped by gains in technology and financial stocks.
Deutsche Bank in $190 million currency-rigging settlement
NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.
