United Air names new CFO, chief commercial officer in shuffle
(Reuters) – United Continental Holdings Inc said on Thursday it appointed a new chief financial officer and chief commercial officer in the first major management shuffle since Oscar Munoz took the helm of the airline last September.
Exclusive: Monte dei Paschi CEO, former chairman under investigation – source
FLORENCE, Italy (Reuters) – The chief executive of Monte dei Paschi di Siena , Fabrizio Viola, and the Italian bank’s former chairman, Alessandro Profumo, are under investigation for alleged false accounting and market manipulation, a source with knowl…
Labor market firming; factories still struggling
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, reinforcing views of labor market strength that could encourage the Federal Reserve to raise interest rates soon.
U.S. Federal Reserve launches Facebook page
WASHINGTON (Reuters) – The Federal Reserve said it was launching a Facebook page on Thursday, part of an effort to reach out directly to a general public.
Philly Fed business index rises, job gauge hit seven-year low
(Reuters) – Business activity in the U.S. mid-Atlantic region improved in August, but local employment deteriorated to its worst level in seven years, a survey from the Philadelphia Federal Reserve released on Thursday showed.
VW to cut hours for 10,000 workers in Wolfsburg amid supplier row
HAMBURG/BERLIN (Reuters) – Volkswagen will cut working hours for more than 10,000 staff at its Wolfsburg base and reduce output at two more German sites, a source close to the company said, as the carmaker faces supply problems caused by a parts maker…
Valeant amends credit facility for second time in six months
(Reuters) – Valeant Pharmaceuticals International Inc said its lenders had approved an amendment to its credit facility, giving the drugmaker more flexibility to sell assets and repay loans by taking on other debt.
Amazon steps up British investment with Tilbury distribution center
LONDON (Reuters) – Online retailer Amazon said it would create 1,500 new jobs in 2017 when it opens a new distribution center in Tilbury, south east England, maintaining its surge of investment in Britain.
Low-cost airlines bet on data to drive profit
DUBLIN (Reuters) – Europe’s low-cost airlines once mocked the air miles programs run by flag carriers as expensive relics of a bygone era. But after watching wide-eyed as customer databases were valued at billions of dollars, they are scrambling to cat…
Australia’s major banks face U.S. class action over rate rigging
SYDNEY (Reuters) – Australia’s four biggest banks said on Thursday they were among 17 global lenders being sued by U.S. funds for alleged benchmark interest rate rigging, denying the claims and pledging to contest the action.
