Exclusive: Paramount CEO Grey to depart as soon as next week – sources
(Reuters) – Brad Grey, the chairman and chief executive officer of Viacom Inc’s Paramount Pictures film studio is expected to leave with an announcement coming as early as next week, according to two sources familiar with the situation.
Dow edges up to seventh straight record high
(Reuters) – The Dow Jones Industrial Average barely reached a seventh straight record high on Friday and the S&P 500 and Nasdaq also closed at a record as gains in Kraft Heinz helped offset selling in energy stocks.
Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018 – sources
DETROIT (Reuters) – General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s plans said this week.
Exclusive: Kinder Morgan starts talks with investors for $5.2 billion Canada pipeline project – sources
TORONTO/NEW YORK (Reuters) – Kinder Morgan Inc has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C$6.8 billion ($5.2 billion) expansion of its Trans Mountain pipeline …
Snap IPO expected to price March 1 after market closes
(Reuters) – The initial public offering of Snap Inc, owner of the popular messaging app Snapchat, is expected to price March 1 after the market closes, Fidelity Investments told brokerage clients on Friday.
Wells Fargo sees ‘relatively stable’ January retail trends
(Reuters) – Wells Fargo & Co saw “relatively stable” trends in branch banking in January, the executive in charge of the unit said on Friday.
U.S. shale oil braces for the unfamiliar in 2017: inflation
(Reuters) – U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices.
Merkel says to do all she can to secure Opel jobs in Germany
BERLIN/RUESSELSHEIM, Germany (Reuters) – Germany will do all it can to secure Opel plants and jobs in the country if Peugeot maker PSA buys the General Motors (GM) business, Chancellor Angela Merkel said on Friday, highlighting the political challenges…
Barclays, Citi helped South Africa with forex trading probe – sources
JOHANNESBURG (Reuters) – Barclays Plc and Citigroup approached South African competition regulator with information relating to the alleged rigging of the rand currency’s exchange rate, two sources with direct knowledge of the matter said on Friday.
Struggling European banks see light at end of low-rates tunnel
FRANKFURT/PARIS (Reuters) – Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the United States to Europe.
