Globalization’s castaways haunt central bankers
MASSENA, New York/JACKSON HOLE, Wyoming (Reuters) – After a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key to more jobs, growth and prosperity.
Dollar regains some footing; focus on central bankers
SINGAPORE (Reuters) – The dollar inched higher on Thursday, paring some of the losses it suffered after U.S. President Donald Trump suggested a shutdown of the government was possible and threatened to terminate the North American Free Trade Agreement….
World stocks steady as focus shifts to Jackson Hole
MILAN (Reuters) – World stocks steadied and the dollar edged up on Thursday as investors switched their focus from political concerns to speculation over shifts in monetary policy as the annual Jackson Hole gathering begins.
Hershey Trust to sell 4.5 million shares of Hershey Co
(Reuters) – Hershey Trust Co, the charitable trust which controls chocolate maker Hershey Co , said on Wednesday it would sell 4.5 million shares of Hershey’s common stock.
Ahead of Lee verdict, Samsung Group lacks leadership ‘Plan B’
SEOUL (Reuters) – Samsung Group, South Korea’s leading conglomerate, has no ‘Plan B’ for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said.
Uber second-quarter bookings increase, loss narrows
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability.
Tesla’s sales head to get $700,000 payout on meeting targets
(Reuters) – Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017.
GE, ABB restart talks over industrial solutions deal: sources
(Reuters) – General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd , after the U.S. industrial conglomerate moderated its price expectations, people familiar with the matter said.
Facebook picks veteran executive to lead hardware efforts: Business Insider
(Reuters) – Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the Business Insider reported.
Google memo writer hires Republican Party official as lawyer
(Reuters) – The engineer fired from Google for writing a memo critical of the company’s diversity hiring policies has hired a lawyer who is a member of the Republican National Committee to represent him.
