Business & Finance News
General Electric Co said on Monday it was freezing pension plans for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate makes another drastic move to cut debt and reduce its pension deficit by up to $8 billion.
BlackRock Inc , the world’s largest asset manager has appointed Manish Mehta as global head of human resources effective immediately, according to a memo seen by Reuters on Monday.
Stocks edged up globally on Monday as broadly positive U.S. jobs data from last week quelled some fears about an economic slowdown, but nervousness over U.S.-China trade talks persisted and more weak European economic data trickled in.
U.S. stock index futures dipped on Monday as investors braced for U.S.-China trade talks later in the week, after a rollercoaster week that sparked fears of a recession in the world’s largest economy.
SoftBank Group founder and CEO Masayoshi Son is “embarrassed and flustered” by his track record, he told Nikkei Business magazine, as the Japanese company comes under pressure from some investors for its bets on loss-making businesses.
General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile.
General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile.
IKEA brand owner Inter IKEA could be ordered to pay millions of euros in Dutch back taxes by the end of the year, two people familiar with the matter said, as EU competition enforcers push on with their crackdown against unfair tax deals granted to multinationals.
Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales.
Japanese Foreign Minister Toshimitsu Motegi said Japan and the United States will sign a trade agreement on Monday in Washington, and that Tokyo aimed to bring it into force as soon as possible.
Japan Display Inc said it aims to clinch a deal this month for least 50 billion yen ($470 million) in vital funding, having had to scramble after an investment group suddenly pulled out of a bailout plan for the Apple Inc supplier.
Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters.
Deutsche Bank is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years.
Global stocks were little changed on Monday as broadly positive U.S. jobs data quelled some fears about an economic slowdown, but nervousness over U.S.-China trade talks persisted and more weak European economic data trickled in.
Tesco’s financial arm intends to appoint John Kingman, the businessman who oversaw Britain’s bailout of its banks during the financial crisis, as its chairman, a source with knowledge of the matter told Reuters.
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