AIG CFO to exit in top-level management shake-up
(Reuters) – Four top-level executives at American International Group Plc , including its finance head, will leave the insurer as part of a management shake-up aimed at simplifying operations and cutting costs.
Chipotle CEO apologizes over illnesses, vows to be ‘safest place to eat’
WASHINGTON (Reuters) – Chipotle founder and co-Chief Executive Officer Steve Ells on Thursday apologized to patrons who fell ill after eating at the company’s restaurants, and pledged that sweeping new food safety practices will prevent such outbreaks …
Bank of America’s new capital plan gets approval from Fed
WASHINGTON (Reuters) – Bank of America has produced a satisfactory update of its capital plan, the Federal Reserve announced on Thursday, saying the U.S. bank had made progress strengthening its “loss and revenue modeling practices and its internal con…
Diamonds are forever; is Anglo American?
JOHANNESBURG/LONDON (Reuters) – Anglo American’s plans to shut or sell dozens of loss-making mines have failed to halt a dramatic slide in its share price and it may need to sacrifice stronger parts of the business or raise cash from shareholders to pa…
Buffett reports 8.02 percent stake in Sears’ REIT Seritage Growth
(Reuters) – Billionaire investor Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties , a real estate trust created by retailer Sears Holdings Corp .
GM buys wind power from EDP to build its biggest SUVs
(Reuters) – General Motors Co said Thursday it is buying wind energy to power production of some its biggest sport utility vehicles at a factory in Texas.
Wal-Mart enters mobile payment with launch of Walmart Pay
(Reuters) – Wal-Mart Stores Inc said it would launch ‘Walmart Pay,’ to become the first U.S. retailer to offer its own payment feature to expand consumer payment options and increase the speed of checkouts.
Global stocks slip towards two-month lows, dollar steadies
LONDON (Reuters) – A fourth straight day of falls nudged stocks towards two-month lows on Thursday, as ricocheting commodity prices, a limp dollar and emerging market uncertainty added to a jittery global mood.
As Fed tightening looms, big share repurchasers could be pressured
NEW YORK (Reuters) – For the last several years, big U.S. companies have lived by an unswerving rule: buy back shares to increase returns to shareholders.
Japanese and German automakers dominate safest car list in U.S.
WASHINGTON (Reuters) – A U.S. safety group said Japanese and German automakers dominated the list of the safest vehicles on American roads, in part by adding advanced technology to prevent frontal collisions.
