Ellen Pao won’t appeal verdict in gender discrimination trial
(Reuters) – Ellen Pao, the former venture capitalist who lost a high-profile discrimination case against her former employer earlier this year, said on Thursday that she would not pursue an appeal of the court’s decision.
Deutsche Bank CEO to shy away from ‘big bang’ reform at board summit
FRANKFURT (Reuters) – John Cryan, Deutsche Bank’s new chief executive, will not present “big bang” reforms when the supervisory board gathers Thursday evening, rather an acceleration of existing plans to shed assets and exit countries.
Unions file new Wal-Mart labor complaint related to store closure
(Reuters) – Unions filed a second labor board complaint against Wal-Mart Stores related to its temporary closure of a California store, claiming the retailer discriminated against activist workers by not transferring them to nearby stores.
State-owned China automaker teams with U.S. electric-car startup Atieva
DETROIT (Reuters) – One of China’s largest state-owned automakers said Thursday it has opened a technology research center in California’s Silicon Valley and is teaming with U.S. electric-car startup Atieva to develop EVs for China and global markets.
Wal-Mart finds ‘material weakness’ in controls over accounting of leases
(Reuters) – Wal-Mart Stores Inc said it found a “material weakness” in its controls over accounting for leases, which allowed for misapplication of accounting standards related to sale-leaseback transactions.
Nestle aims at crowded U.S. market with new Nespresso plant
ROMONT, SWITZERLAND (Reuters) – With a new Nespresso plant to supply the bigger portions favored by drinkers in the United States and Canada, Nestle aims at grabbing hold of a rare hot spot in the tepid packaged food sector.
Lufthansa pilots propose fresh talks with management
FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit has proposed fresh talks with Lufthansa management over early retirement benefits, a day after a court ruled a strike was unlawful because the union had overstepped its mandate.
Brazil markets sink as S&P cuts sovereign to junk
SAO PAULO (Reuters) – Brazil’s financial markets fell on Thursday after Standard & Poor’s cut the country’s sovereign rating to junk late Wednesday, though assets began to pare losses in late morning trading as the downgrade had been largely priced in.
Kmart beefs up layaway plan eyeing early holiday demand
(Reuters) – Kmart has expanded its layaway program and dropped a required down payment on a lease-to-own plan, joining other U.S. retailers in trying to get a jump start on grabbing holiday shoppers.
French court confirms Monsanto guilty of chemical poisoning
LYON/PARIS, France (Reuters) – A French court upheld on Thursday a 2012 ruling in which Monsanto was found guilty of chemical poisoning of a French farmer, who says he suffered neurological problems after inhaling the U.S. company’s Lasso weedkiller.
