(Reuters) – A Chinese court has sentenced Wu Xiaohui, former chairman of Anbang Insurance Group Co Ltd [ANBANG.UL], to 18 years in prison, China’s state media Xinhua news agency said on Thursday.
SYDNEY (Reuters) – Top Australian wealth manager AMP Ltd told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public inquiry revealed serious board-level misconduct.
BOSTON/WASHINGTON (Reuters) – Royal Bank of Scotland Group Plc said on Wednesday it had agreed to pay $4.9 billion to resolve a U.S. Department of Justice probe into its structuring and sale of mortgage-backed securities ahead of the 2008 financial crisis.
SINGAPORE (Reuters) – Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.
TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran.
Iranian forces based in Syria fired 20 rockets at Israeli front-line military positions in the Golan Heights early Thursday, the Israeli military said, triggering an Israeli reprisal and further escalating heightened tensions. The Israeli military said its Iron Dome rocket defense system intercepted some of the incoming projectiles, while others caused only minimal damage. There were no Israeli casualties. …read more […]
Fortnite builders, Overwatch heroes and PUBG squads might soon play those …read more […]
Today we’re going to take a look at the well-established Emerson Electric Co (NYSE:EMR). The company’s stock received a lot of attention from a substantial price movement on the NYSERead More… …read more […]
HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp shares jumped 16 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
(Reuters) – Twenty-First Century Fox Inc’s , the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts’ estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high.
With key components about to run out, Ford is pulling the plug on production of its most profitable and popular model, the F-150. …read more […]
The Dodge Demon doesn’t strike us as a muscle car much in need of a performance makeover. After all, this 840-horsepower MoPar machine’s voracious quest for straight-line speed means it trims weight by jettisoning everything from a front passenger seat and rear seat, to its stereo and all carpeting in the trunk. The folks at Hennessey apparently think that’s not nearly extreme enough. So, the Texas-based tuning outfit has turned the Demon into a 1,035-horsepower beast that runs a quarter-mile in …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.
ZTE wasn’t kidding around when it suggested that a U.S. Department of Commerce …read more […]
(Reuters) – A former clerk at the Wall Street law firm Simpson Thacher & Bartlett was sentenced on Wednesday to 37 months in prison for his role in an insider trading ring that passed merger tips on napkins and Post-it notes in New York’s Grand Central Terminal.
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