U.S. seeks JPMorgan communications with China’s Quishan in hiring probe: WSJ
WASHINGTON (Reuters) – U.S. regulators have subpoenaed JPMorgan Chase & Co for all of its communications related to 35 Chinese officials, including anti-corruption chief Wang Qishan, as part of an ongoing probe into the bank’s hiring practices, the Wall Street Journal reported on Wednesday.
With ‘attitude shift’, Takata moves from denial to compromise in air bag crisis
BEIJING (Reuters) – Japan’s Takata Corp, which for months resisted U.S. regulators’ demands to widen a recall over its potentially lethal air bags, has had an “attitude shift” and is in a mood to compromise to try to resolve the ballooning auto safety …
JPMorgan CEO faults company and shareholders for disagreements
NEW YORK (Reuters) – JPMorgan Chase & Co officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareholders disapproved last week of his pay and the practice of one person holding his two jobs.
Airbus wins board spat with Spain, to renew CEO
AMSTERDAM (Reuters) – Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe’s largest aerospace company consolidated a recent push for political independence…
Michael Kors posts slowest revenue growth since going public
(Reuters) – Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America, its biggest market.
Tiffany’s sales, profit beat on higher tourist spending in Europe
(Reuters) – Luxury jeweler Tiffany & Co reported better-than-expected quarterly sales and profit as it benefited from higher spending by tourists in Europe and growing demand for its Tiffany T line of fashion jewelry.
CBS CEO said met with Apple to discuss TV deal
RANCHOS PALOS VERDES, Calif (Reuters) – CBS Corp CEO Leslie Moonves met with Apple Inc last week to discuss a TV deal, he said at a technology conference Wednesday, and that discussions and negotiations for such a deal are ongoing.
U.S. seeks JPMorgan communications with China’s Quishan in hiring probe: WSJ
WASHINGTON (Reuters) – U.S. regulators have subpoenaed JPMorgan Chase & Co for all of its communications related to 35 Chinese officials, including anti-corruption chief Wang Qishan, as part of an ongoing probe into the bank’s hiring practices, the Wall Street Journal reported on Wednesday.
McDonald’s to stop reporting monthly same-store sales after June
(Reuters) – McDonald’s Corp said it will stop reporting monthly same-store sales after June, becoming the latest major U.S. retailer to stop reporting the closely watched indicator to gauge overall spending trends and a company’s financial health.
Etihad Airways says it will add $6.2 billion to U.S. economy by 2020
DUBAI (Reuters) – Abu Dhabi’s Etihad Airway’s contribution to the U.S. economy will almost double to $6.2 billion by 2020, it said on Wednesday, in an apparent counter to allegations that government subsidies gave it an unfair edge over competition.
