General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.
General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters. The UAW said in a letter earlier on Thursday that work to resolve issues by five committees must be completed first before it will make a comprehensive counterproposal. “We should engage in bargaining over all issues around-the-clock to get an agreement,” wrote GM Vice President Scott Sandefur in the Thursday letter to the UAW. …read more […]
Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.
New Zealand-born Foran is credited with turning around Walmart Inc’s U.S. business as its president and CEO since 2014, with the unit reporting 20 quarters of comparable sales growth under his leadership. “Greg has an impeccable track record in delivering strong commercial performance, outstanding customer focus and in building teams that can take a business to the next level,” Walsh said in a statement. Air New Zealand shares were marginally higher at NZ$2.85 on Friday. …read more […]
Bill McDermott stood down on Friday after a decade building up SAP as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal.
Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc’s Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights.
A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity was cut to over 600,000 homes and workplaces in a second day of planned power outages to cut wildfire risks.
Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam’s Club warehouse chain unit, John Furner.
Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam’s Club warehouse chain unit, John Furner. Foran’s departure is likely to be considered a blow for Walmart given the New Zealand native is credited with turning around Walmart’s U.S. business by focusing on improving existing stores. Walmart reported 20 quarters of comparable sales growth under his leadership. …read more […]
(Bloomberg Opinion) — If the market is right, the chance of a resolution to the Brexit nightmare has just been transformed. After Ireland’s Taioseach Leo Varadkar briefed the press on his lengthy one-on-one talks with British Prime Minister Boris Johnson, currency traders turned what had already been a good day for the pound into one in which sterling at one point made its greatest gain in more than two years. For some context, this is what has happened to the pound against the dollar since the beginning of September, when Johnson’s gambit to prorogue Parliament appeared briefly to have made …read more […]
Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam’s Club warehouse chain unit, John Furner. Foran’s departure is likely to be considered a blow for Walmart given the New Zealand native is credited with turning around Walmart’s U.S. business by focusing on improving existing stores. Walmart reported 20 quarters of comparable sales growth under his leadership. …read more […]
On a hot summer morning at Huawei’s new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down two subordinates.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds’ thoughts towards the market and […] …read more […]
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of June 28. The results of that effort will be put on display in this article, as […] …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
