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Hamas accepts cease-fire after massive Israeli Gaza strikes

July 21, 2018 admin Comments Off on Hamas accepts cease-fire after massive Israeli Gaza strikes

Gaza’s militant Hamas rulers said Saturday they had accepted a cease-fire ending a massive Israeli onslaught on militant positions after a soldier was shot dead, once again pulling the sides back from the brink of a full-fledged war. Israel and Hamas have fought three such wars over the past decade and Hamas agreed to the second such cease-fire in a week under heavy Egyptian and international pressure. Israel has stepped up strikes since then to signal its new threshold for engagement after months of largely refraining to act. …read more […]

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Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne

July 21, 2018 admin Comments Off on Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne

MILAN/PARIS (Reuters) – Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with the mid-term strategy outlined last month by Marchionne, who had been due to step down next April. Marchionne, 66, was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker’s wheel in 2004. …read more […]

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'This is a pro-Amazon ruling': Here's what Wall Street is saying about Google's record-breaking $5 billion fine (GOOGL)

July 21, 2018 admin Comments Off on 'This is a pro-Amazon ruling': Here's what Wall Street is saying about Google's record-breaking $5 billion fine (GOOGL)

Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android. The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android. Most Wall Street analysts aren’t concerned about the company’s ability to pay the fine, but say Amazon will benefit the most from the decision. …read more […]

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'I always knew this day would come': Read the memo outgoing Goldman Sachs CEO Lloyd Blankfein just sent to staff

July 21, 2018 admin Comments Off on 'I always knew this day would come': Read the memo outgoing Goldman Sachs CEO Lloyd Blankfein just sent to staff

David Solomon will succeed Lloyd Blankfein as CEO of Goldman Sachs, the firm said Tuesday. Solomon will officially take the reins from Blankfein, the longest-serving Wall Street CEO after JPMorgan’s Jamie Dimon, in October. Blankfein will become senior chairman when he retires, the firm said. …read more […]