StanChart aims to hire financial crime compliance staff in Middle East
DUBAI (Reuters) – Standard Chartered plans to hire several financial crime-fighting staff in the Middle East, according to online jobs postings, as it seeks to strengthen controls after legal and compliance problems in the United States.
Lockheed-Boeing launch venture wins $882 million U.S. contract
WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , has won an $882 million contract to continue launching satellites for the U.S. Air Force with its Delta IV and Atlas V rockets, the Pentagon said Tue…
Ralph Lauren hires Old Navy executive to replace him as CEO
NEW YORK (Reuters) – American designer Ralph Lauren, who built a fashion powerhouse on luxury designs inspired by country club chic, announced Tuesday he is stepping down as chief executive officer and named the head of Gap Inc’s populist Old Navy bran…
Toshiba obtains new two-year commitment line from banks worth $3.3 billion
TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it had received a fresh, two-year commitment line worth 400 billion yen ($3.3 billion) from its main banks as it seeks a stable source of funds in the wake of a debilitating accounting scandal.
Ford given five-day strike notice at key F-150 plant by U.S. union
DETROIT (Reuters) – The United Auto Workers union on Tuesday threatened a strike in five days at a key plant making Ford Motor Co’s most important model, the F-150 pickup truck, due to disagreements on a new “local” labor contract, the UAW’s Ford chief…
JPMorgan ordered to face London Whale class action in U.S
NEW YORK (Reuters) – JPMorgan Chase & Co shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the “London Whale” trading scandal, which caused a $6.2 billion loss, as a class action.
S&P 500 bounces back after nearing August low
(Reuters) – U.S. stocks ended higher after a volatile session on Tuesday as concerns about the health of the global economy kept investors cautious after more than a month of turbulence.
EMC executive says breaking up company would be wrong thing to do
(Reuters) – EMC Corp , the data storage company targeted by activist hedge fund Elliott Management, should not be broken up because there are real revenue synergies that would be put at risk, one of its top executives said on Tuesday.
Ford given five-day strike notice at key F-150 plant by U.S. union
DETROIT (Reuters) – The United Auto Workers union on Tuesday threatened a strike in five days at a key plant making the company’s most important model, the F-150 pickup truck, due to disagreements on a new “local” labor contract, the UAW’s Ford chief s…
Ralph Lauren hires Old Navy executive to replace him as CEO
(Reuters) – American designer Ralph Lauren, who built a fashion powerhouse on luxury designs inspired by country club chic, announced Tuesday he is stepping down as chief executive officer and named the head of Gap Inc’s populist Old Navy brand to the …
