Uber board votes to pick a new CEO
SAN FRANCISCO (Reuters) – The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees.
Uber picks Expedia’s Dara Khosrowshahi as new CEO: sources
(Reuters) – Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ri…
AIG returns to pre-bailout paydays for CEO, top executives
NEW YORK (Reuters) – American International Group Inc’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins.
Fiscal stimulus in downturns is safe even when debt is high: researchers
SAN FRANCISCO (Reuters) – Government spending in a recession can boost a country’s economy without permanently bloating its public debt, even if the debt is already quite large, researchers told an influential group of central bankers in Jackson, Wyomi…
China’s R&F Properties roars back into the spotlight on Wanda deals
HONG KONG (Reuters) – Once the leader of the elite group of developers known as the “Five South China Tigers”, Guangzhou R&F Properties gradually became overshadowed by bigger beasts, but it’s now back in focus even as many rivals shy from the limelight.
Investors seek gems among unloved small-caps
NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors.
At Fed conference, Trumponomics draws a not so subtle rebuttal
JACKSON HOLE, Wyo. (Reuters) – President Donald Trump’s name was rarely mentioned as top central bankers and economists spent Friday mulling the fate of the global economy at a mountain lodge here.
Yellen to Trump: don’t expect a flip-flop on financial reforms
JACKSON HOLE, Wyo. (Reuters) – Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back on the raft of U.S. financial reforms that Republicans …
‘Worthless’ Subway ‘Footlong’ sandwich settlement is thrown out: U.S. court
(Reuters) – A U.S. appeals court on Friday threw out a class-action settlement intended to resolve claims that the Subway sandwich chain deceived customers by selling “Footlong” subs that were less than a foot long.
General Motors details Brazil investments
SAO PAULO (Reuters) – U.S. automaker General Motors Co on Friday announced 1.9 billion reais ($603 million) of investments in its Joinville factory in southern Brazil and 1.2 billion reais of capital spending in its plant on the outskirts of São Paulo.
