Porsche-Piech clan to stay out of VW management: Porsche chairman
FRANKFURT (Reuters) – Members of the Porsche-Piech clan that controls Volkswagen will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE Chairman Wolfgang Porsche told a German newspaper.
As KFC shuns some antibiotics, U.S. chicken industry deploys wet wipes, oregano
CHICAGO/LOS ANGELES (Reuters) – To meet increasing demand for meat raised without certain antibiotics, top U.S. chicken company Tyson Foods Inc and rival producers are turning to sanitizing wipes, bacteria-reducing fog and even oregano to keep birds h…
Germany’s Fresenius in talks to buy generic drugmaker Akorn
(Reuters) – German healthcare group Fresenius SE & Co KGaA said on Friday that it was in talks with the generic drugmaker Akorn Inc for a potential takeover.
Twitter CEO forgoes compensation; long-time board member to leave
(Reuters) – Twitter Inc’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday.
Payouts for U.S. government-job takers under scrutiny at Morgan Stanley
(Reuters) – Morgan Stanley shareholders will again vote on a proposal that prohibits stock awards from vesting for bank executives who resign for government service.
Wall Street sees Fed balance sheet normalization plan by year end: Reuters poll
NEW YORK (Reuters) – Wall Street’s top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll sh…
Airlines asked to perform early engine checks on CSeries: Bombardier
MONTREAL (Reuters) – Two airlines flying Bombardier Inc’s CSeries planes were asked to perform early preventive checks of engines by manufacturer Pratt & Whitney after problems were detected in a different variant of the geared turbofan motor, the aircraft maker said on Friday.
Exclusive: U.S. regulator removes top examiner for Wells Fargo – sources
WASHINGTON (Reuters) – The most senior bank examiner for Wells Fargo & Co has been removed by a U.S. regulator in the wake of the bank’s unauthorized accounts scandal, people familiar with the matter told Reuters this week.
Investors look to global growth for earnings power
NEW YORK (Reuters) – America First may be a main policy of the White House and fuel to the stock market rally but U.S. investors are looking overseas for stronger earnings as S&P 500 companies are set to report their first quarter of double-digit profit gains since 2014.
Las Vegas sports gambler Walters convicted of insider trading
NEW YORK (Reuters) – Famed Las Vegas sports gambler William “Billy” Walters was convicted on Friday of insider trading charges in a scheme that prosecutors said enabled him to make more than $40 million and involved a stock tip to star professional gol…
