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Back from the brink, back on the bull ride
World markets looked to have overcome their new year wobbles on Thursday, as the United States and Iran backed away from conflict in the Middle East.
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IAG CEO Willie Walsh Remade European Aviation: Now He’s Retiring
Long-serving IAG CEO Willie Walsh, who started his career as a pilot 40 years ago, is to retire later this year. It brings down the curtain on one of the most influential careers in modern European aviation. The move was expected. Walsh will stand down from the role and from company’s board on March 26 […] …read more […]
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Kohl’s Sinks After Reporting Declining Holiday Sales
(Bloomberg) — Kohl’s Corp. reported a slight drop in holiday sales, reinforcing concerns that department stores lost ground despite robust growth in U.S. consumer spending. Shares fell as much as 9.4% in early trading.Same-store sales, a key measure of retail success, declined 0.2% in November and December, the company said in a statement. Kohl’s also said profit for fiscal 2019, which ends in February, will be at the low end of its previously announced range of $4.75 to $4.95 a share.Key InsightsChief Executive Officer Michelle Gass said strength in e-commerce, beauty, footwear and other areas was offset by weakness in …read more […]
Business News
Lebanon bans ex-Nissan boss Ghosn from traveling: judicial sources
A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Business News
How Big Tech is helping transform cars into smartphones
Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car.
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Influencers Transcript: Michael Rubin, January 9, 2020
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Kynetic Founder & CEO, Fanatics Executive Chairman, and Philadelphia 76ers Co-Owner, Michael Rubin. …read more […]
Business News
Lebanon imposes travel ban on ex-Nissan boss Ghosn: judicial source
A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, a judicial source said, after he was summoned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Business News
Ghosn is “very comfortable” with judicial path in Lebanon: lawyer
Former Nissan boss Carlos Ghosn is very comfortable with the judicial path in Lebanon, a lawyer for him said on Thursday, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Business News
Democratic lawmaker rebukes Wells Fargo rebate request
Democratic Representative Katie Porter, a first-term lawmaker known as a tough Wall Street critic, accused Wells Fargo & Co of passing on costs associated with its wide-ranging scandals to third parties, in a scathing letter sent to the bank’s new chief executive on Thursday.
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Democratic lawmaker rebukes Wells Fargo rebate request
“These small businesses played no role in the misdeeds committed by the Bank,” Porter, who serves on the House of Representatives Financial Services Committee, said in the letter to Wells Fargo Chief Executive Charlie Scharf. Asking for a rebate and linking it to higher costs due to regulatory backlash goes against the intent of regulator actions, Porter said. Porter requested that Wells Fargo refund the rebates by Jan. 30. …read more […]
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Is Evolution Gaming Group AB (publ)'s (STO:EVO) ROE Of 55% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Business News
Ahead of U.S. election, Facebook gives users some control over how they see political ads
Facebook Inc said on Thursday it was making some changes to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but the updates stop far short of critics’ demands and what rival companies have pledged to do.
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Saudi Aramco Props Up Slumping Middle East Energy Debt Market
(Bloomberg) — Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by a surge in borrowing by Saudi Aramco and its refining joint venture.Excluding new Saudi loans and bonds of $15.6 billion, energy-company debt in the oil-rich region tumbled by two-thirds, according to data compiled by Bloomberg.Lending was particularly sluggish in the second half of 2019, when these companies borrowed just $5.5 billion — the lowest level in three years. Aramco’s majority-owned Satorp refinery venture alone accounted for $3.6 billion of all second-half debt.Energy companies in the …read more […]