Wal-Mart names Tony Rogers as U.S. marketing head: Bloomberg
(Reuters) – Wal-Mart Stores Inc named Tony Rogers as its U.S. marketing head, replacing Stephen Quinn, Bloomberg reported on Friday.
Turing Pharma names chairman to replace Shkreli as CEO
(Reuters) – Martin Shkreli, the poster boy for prescription drug price increases who was arrested for securities fraud this week, has stepped down from his post as chief executive officer of Turing Pharmaceuticals Inc, the company said on Friday.
JP Morgan to pay $307 million to settle SEC, CFTC disclosure charges
WASHINGTON (Reuters) – JP Morgan Chase will pay $307 million to settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said on Friday.
Volkswagen creates U.S. diesel emissions claims program
WASHINGTON (Reuters) – Volkswagen of America said on Thursday it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions.
BlackBerry earnings top expectations on software; shares rally
TORONTO (Reuters) – BlackBerry on Friday reported a smaller quarterly loss and its first quarter-to-quarter rise in revenue in over two years, sending its stock soaring as much as 12.6 percent, as its pivot to software begun to bear fruit.
Prospects still slim for major global economic pickup
LONDON/BRASILIA/BENGALURU (Reuters) – The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.
Luxury brands shower attention on well-heeled Chinese students in U.S.
(Reuters) – Sellers of Western luxury brands eager to capitalize on the new wealth of Chinese consumers are showering attention on mainland students in the United States, even as sales in China falter.
Zurich to buy U.S. crop insurer RCIS in $1 billion deal
ZURICH (Reuters) – Zurich Insurance Group AG will pay up to $1.05 billion to buy a U.S. agricultural crop insurer from Wells Fargo & Co, the Swiss company said on Friday.
Apple to launch Apple Pay in China, take on Alibaba, Tencent
SHANGHAI (Reuters) – Apple Inc said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings .
Standard Chartered may see white knight takeover on painful recovery: CLSA
HONG KONG (Reuters) – UK bank Standard Chartered (StanChart) could be acquired by a white knight as its recovery could prove to be “challenging”, according to broker CLSA, which upgraded shares of the Asia-focused lender on that possibility.
