Barra, other top GM executives awarded shares as incentive pay
DETROIT (Reuters) – General Motors Co awarded its top executives with shares in the company as part of a long-term incentive plan, according to company filings with U.S. regulators.
United Airlines to cut about 1,150 jobs at 16 U.S. airports
(Reuters) – United Airlines will outsource about 1,150 positions at 16 airports across the country, but reached tentative agreements with its union to keep another 800 jobs in-house that also had been under scrutiny, a company spokesman said on Friday….
China’s Alibaba attracts attention from U.S. regulator
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd said on Friday it was asked by the U.S. Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company’s stock market debut.
Oil tops $60 for first time in 2015; oversupply persists
NEW YORK (Reuters) – Oil closed up for a second straight week on Friday after another drop in the U.S. rig count, and Brent crude hit a 2015 high above $60 a barrel, but market skeptics cautioned the rally could fade because supplies keep coming.
Greenlight Capital scales back on Apple shares ahead of rally
NEW YORK (Reuters) – Hedge fund Greenlight Capital, run by David Einhorn, cut its stake in Apple Inc by 6.2 percent to 8.6 million shares during the fourth quarter, ahead of the iPhone maker’s strong rally this year, according to a regulatory filing on…
American Express and JetBlue ending card partnership: Bloomberg
(Reuters) – American Express Co , which said on Thursday that its credit card partnership with Costco Wholesale Corp would end next year, is also ending its co-branded card deal with JetBlue Airways Corp , according to a published report.
Barclays fails to win dismissal of NY ‘dark pool’ lawsuit
NEW YORK (Reuters) – A New York judge on Friday rejected Barclays Plc’s effort to dismiss state Attorney General Eric Schneiderman’s lawsuit accusing it of defrauding clients about high-speed trading in its private “dark pool” trading platform.
S&P closes at record, Nasdaq hits 15-year high
NEW YORK (Reuters) – The S&P 500 index closed at a record high on Friday, as energy shares gained with oil prices, while the Nasdaq composite index hit a 15-year high helped by technology stocks.
Apple hiring auto experts for secret research project: FT
(Reuters) – Apple Inc is hiring automotive technology and design experts to staff up a top-secret research lab, with the possible intention of building a car, the Financial Times reported on Friday, citing several people familiar with the iPhone maker….
West Coast ports briefly reopen to cargo vessel traffic
LOS ANGELES (Reuters) – Clogged ports along the West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with th…
