Morgan Stanley shuffles wealth management unit
(Reuters) – Morgan Stanley has shuffled its wealth unit, eliminating a layer of management and promoting two key executives, according to a memo reviewed by Reuters on Friday.
Trade rivals have limited armory as U.S. quits climate deal
LONDON (Reuters) – Washington’s withdrawal from a global pact on climate change might give U.S exports a competitive advantage but supporters of the deal will struggle to respond with any carbon tariffs due to the complexity of keeping them within inte…
Tech leads Wall Street higher; jobs data falls short
NEW YORK (Reuters) – U.S. stocks closed at record levels for a second consecutive session on Friday, as gains in technology and industrial stocks more than offset a lukewarm jobs report.
Chinese insurer Anbang denies report that chairman not able to leave China
BEIJING (Reuters) – Wu Xiaohui, the chairman of Anbang Insurance Group Co Ltd [ANBANG.UL], is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China.
NY prosecutor says Exxon misled investors on climate change
NEW YORK (Reuters) – New York’s top prosecutor on Friday increased pressure on Exxon Mobil to turn over records of internal assessments of the risks global warming poses to its businesses, claiming to have found evidence of “potential materially false …
What’s truly Italian? Food fight foils ‘Made in Italy’ plan
MILAN (Reuters) – For the Italian government, it seemed like a recipe for success: create an official “Made in Italy” logo to defend the country’s finest food exports from an army of foreign impersonators.
Linde turns to winning over investors to Praxair merger
MUNICH (Reuters) – German industrial gases company Linde turned its attention on Friday to winning over investors to its planned $75 billion merger with U.S. peer Praxair , a task that Chairman Wolfgang Reitzle said was not straightforward.
Munich prosecutors expand Audi investigation
MUNICH/BERLIN (Reuters) – Munich prosecutors said they have widened an investigation at Audi to examine the carmaker’s sales in Germany and elsewhere in Europe after the federal government accused the Volkswagen division of cheating on emissions tests…
EU regulators say Qualcomm has not offered concessions in NXP bid
BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm has not offered any concessions so far in its $38-billion bid for NXP Semiconductors , EU antitrust regulators said on Friday, increasing the risk of a lengthy investigation into the deal.
Spotify stock listing could be within a year: source
STOCKHOLM (Reuters) – Streaming music service Spotify could be floated within a year, a source familiar with the matter told Reuters on Friday, after co-founder Martin Lorentzon told Swedish radio a listing was not in the pipeline.
