Hunt for Barclays whistleblower tests strength of new UK regime
LONDON (Reuters) – Barclays chief executive Jes Staley’s attempts to unmask a whistleblower will be a test case for a regime put in place last year that aims to hold bank bosses to account if they fail to defend reinforced standards.
Exclusive: Meredith falls short of Time Inc’s deal price expectations – sources
(Reuters) – U.S. media group Meredith Corp has made a preliminary acquisition offer to Time Inc that fell short of the price expectations of the publisher of Sports Illustrated and Fortune magazines, according to people familiar with the matter.
Deutsche Boerse reluctant to extend CEO contract after failed merger: sources
FRANKFURT (Reuters) – Deutsche Boerse’s supervisory board is reluctant to approve quickly an extension of Chief Executive Carsten Kengeter’s contract following the German exchange operator’s failed merger with the London Stock Exchange , two people cl…
In proxy fight, Greenlight says GM misrepresented its stock plan
DETROIT/BOSTON (Reuters) – Greenlight Capital nominated three directors to General Motors Co’s board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund’s proposal to split the automaker’s common stock …
Post-Brexit customs checks a ‘catastrophe’ for UK shipping: trade body
LONDON (Reuters) – The introduction of physical customs checks following Brexit would be a catastrophe for British ports and shipping and would likely reduce the volume of trade, the head of the sector’s UK industry body said on Wednesday.
Wall Street ends lower; Trump comments dampen sentiment late
NEW YORK (Reuters) – U.S. stocks eased on Wednesday and the S&P 500 closed below a key technical level for the first time since Election Day, pressured by lingering geopolitical concerns and President Donald Trump’s comments on the dollar and interest rates.
World trade seen growing 2.4 percent in 2017, uncertainty weighs: WTO
GENEVA (Reuters) – World trade is on track to expand by 2.4 percent this year, though there is “deep uncertainty” about economic and policy developments, particularly in the United States, the World Trade Organization (WTO) said on Wednesday.
Airbnb signs dozens more tax agreements in the U.S., France
SAN FRANCISCO (Reuters) – Airbnb has reached new deals with dozens of jurisdictions in the United States and France to collect and pay taxes, doubling down on its effort to improve its image with local policymakers even as it face regulatory challenges…
Cyber breaches have cost shareholders billions since 2013: report
LONDON (Reuters) – Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found.
Western Digital says Toshiba breaching contract, wants exclusive chip talks
TOKYO (Reuters) – Western Digital Corp has warned Toshiba Corp that the Japanese firm is violating a joint venture contract in plans to sell to its chip unit and urged that it be given exclusive negotiating rights.
