U.S. companies hope Trump will stick to business roots, back Cuba ties
WASHINGTON (Reuters) – U.S. companies are looking for ways to persuade President-elect Donald Trump to soften his threats to cancel the Obama administration’s opening to Cuba, a reversal they fear could cost them hundreds of millions of dollars.
U.S. Cyber Monday sales jump, set to surpass initial estimate
(Reuters) – U.S. online sales gained momentum on Cyber Monday and are set to surpass initial expectations by hitting a record $3.39 billion as consumers snapped up deals on the busiest day of the year for internet shopping.
Wall St. slips as banks, discretionary stocks drag
NEW YORK (Reuters) – U.S. stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.
Citigroup ‘boys’ club’ disfavors women, lawsuit claims
NEW YORK (Reuters) – A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a “boys’ club” that favored men over women, treating her as a “glorified secretary,” and firing her in retaliation for whistleblowing a…
German court rejects Lufthansa bid to prevent pilots’ strike
FRANKFURT/BERLIN (Reuters) – A Munich court has rejected a request by Lufthansa to issue a temporary injunction to prevent the latest strike planned by the German airline’s pilots in a long-running dispute over pay.
U.S. Treasury presses on with rule opposing serial tax inversions
WASHINGTON (Reuters) – Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American companies to avoid U.S. taxes by redomiciling abroad.
U.S. Treasury presses on with rule opposing serial tax inversions
WASHINGTON (Reuters) – Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American companies to avoid U.S. taxes by redomiciling abroad.
U.S. airlines launch flights to Cuba despite doubts from Trump
(Reuters) – U.S. airlines are proceeding with plans to launch new flights to Cuba this week despite doubts that President-elect Donald Trump has raised about the future of ties between the countries.
WTO rules against tax break for Boeing 777X jet
(Reuters) – The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy, in a setback for the U.S. planemaker as it eyes victory in a parallel case against …
Viacom CEO looks to improve culture, affiliate relations, amid CBS talk
(Reuters) – The top priorities of Viacom Inc’s acting president and chief executive are improving key relations with affiliates as well as the struggling media company’s internal culture, Bob Bakish told Reuters at the end of his first week on the job…
