Business & Finance News
CBS Corp said on Monday it will pay $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.
U.S. stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-U.S. trade war.
Snap Inc , the parent of Snapchat messaging, said on Monday Chief Strategy Officer Imran Khan will step down, the latest top-level exit amid pressure to stem user declines following a controversial redesign of the app.
CBS Corp said on Monday it will pay up to $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
CBS Corp said on Monday it will pay $120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
Gains in Europe helped steady global stock markets on Monday, after rising anxiety about the U.S.-China trade war and further Fed rate hikes gave Asia its longest losing streak since the end of 2015.
Activist fund Elliott on Monday struck back at Vivendi after its accusations over the management and share price performance at Telecom Italia since the U.S. fund staged a boardroom coup at the Italian firm.
Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel emissions scandal.
Volvo Cars and its owner Geely said on Monday they had postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness.
Unlike his charismatic boss, Jack Ma, Alibaba chief executive Daniel Zhang isn’t usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public.
World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest rate increase by the Federal Reserve later this month.
Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November.
Chinese carmaker Geely [GEELY.UL] is delaying plans to list Volvo Cars [IPO-VOLVO.ST] due to uncertainties created by escalating trade tensions and the need to bolster the Swedish brand’s presence in China, said a person familiar with the matter.
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