FINRA says CEO Richard Ketchum to retire in 2016
(Reuters) – The Financial Industry Regulatory Authority (FINRA), Wall Street’s industry-funded watchdog, said on Friday that Chairman and Chief Executive Richard Ketchum will retire in 2016.
United Airlines halts airport outsourcing until 2017
(Reuters) – United Airlines on Friday promised it would not outsource more jobs in baggage handling or customer service at least until 2017, aiming to reduce uncertainty for workers after announcing about 1,150 job cuts in February, according to an int…
Boeing says reviewing U.S. briefing on bomber contract loss
WASHINGTON (Reuters) – Boeing Co said it was briefed on Friday by the U.S. Air Force about its selection of Northrop Grumman Corp to build a next-generation long-range strike bomber and will decide whether to protest the contract award “in the coming d…
U.S. retailers push banks to use PINs on credit cards as confusion reigns
BOSTON (Reuters) – Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud.
Exclusive: France’s Sephora to open shops in Iran next year
PARIS (Reuters) – France’s Sephora plans to open several shops in Iran starting next year, becoming one of the first major European specialist cosmetics retailers to directly invest in the country as it emerges from years of economic sanctions.
UniCredit’s new business plan envisages 12,000 layoffs: source
MILAN (Reuters) – UniCredit’s new business plan envisages 12,000 job cuts worldwide, a source close to the matter said on Friday, indicating a larger reduction compared with 10,000 layoffs that had been expected.
Weak U.S. data clouds December rate hike possibility
WASHINGTON (Reuters) – U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.
Exxon third-quarter profit falls 47 percent but beats expectations
(Reuters) – Exxon Mobil Corp said on Friday third-quarter profit fell 47 percent on low crude prices but results were better than expected, helped by higher profit in the oil company’s refining business.
Ackman: Valeant’s main problem is PR, not fraud
BOSTON (Reuters) – Hedge fund mogul William Ackman told his investors on Friday that he was confident in his bet on Valeant Pharmaceuticals but faulted the company for a weak response to fraud allegations that have sunk its stock.
CVS 2016 profit forecast hurt by healthcare plans, Target deal
(Reuters) – CVS Health Corp gave a disappointing profit forecast for 2016, hurt by costs related to the acquisition of Target Corp’s pharmacies and as its own pharmacy benefits management (PBM) business expands in low-margin Medicare and Medicaid plans…
