McDonald’s bumps up estimate for stores in China by 2022
SHANGHAI (Reuters) – McDonald’s Corp said it would almost double the number of stores in mainland China by 2022, slightly more than was expected, as part of its strategic partnership with state-backed conglomerate CITIC Ltd and Carlyle Group.
German state conservatives seek tougher VW oversight
BERLIN (Reuters) – Conservatives in Germany’s Lower Saxony state called on Tuesday for tougher oversight of carmaker Volkswagen, in which the state owns a fifth of the shares.
Google fires employee behind anti-diversity memo
(Reuters) – Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the tech industry.
Commonwealth Bank scraps CEO bonus over money-laundering allegations
MELBOURNE (Reuters) – Commonwealth Bank of Australia on Tuesday scrapped its chief executive’s bonus for damaging the bank’s reputation amid allegations it broke money-laundering and counter-terrorism financing rules, but said he retained the board’s c…
Exclusive: Halo Top ice cream maker explores sale – sources
(Reuters) – Eden Creamery LLC, the privately owned U.S. manufacturer of low-calorie ice cream brand Halo Top, is exploring a sale that it hopes will value the ice cream brand at as much as $2 billion, people familiar with the matter said on Monday.
World stocks shrug off slowing China trade growth to hit record
LONDON (Reuters) – Global stocks inched up to a new record high on Tuesday, shrugging off weaker-than-expected Chinese trade data that clouded an otherwise bright outlook for global growth.
Online lenders upbeat about turnaround progress, but worries linger
NEW YORK (Reuters) – LendingClub Corp and OnDeck Capital Inc surprised investors on Monday with strong growth forecasts that sent the online lenders’ stocks soaring, but analysts said the sector’s health was still a concern.
Former FrontPoint manager, out of jail, wants to run prison ministry
(Reuters) – A former manager at defunct hedge fund FrontPoint Partners who served more than three years in prison for insider trading on Monday asked a U.S. judge to end his supervised release early so he can help a run a Christian ministry aimed at pr…
Ackman’s Pershing Square nominates three ADP board directors
(Reuters) – Pershing Square Capital Management LP proposed three nominees on Monday, including its Chief Executive Officer William Ackman, to serve on the board of Automatic Data Processing Inc, setting the stage for a proxy contest with the human reso…
CBS expands streaming services as earnings beat expectations
(Reuters) – CBS Corp is taking its streaming service abroad and launching an online sports service to appeal to the growing number of viewers who prefer to watch their favorite shows online, executives said on Monday.
