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Next Goldman CEO to take on old problems, new businesses

Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Source: Reuters Business News  Read More →

Wall St. gains on Powell comments, rosy earnings expectations

Wall Street pushed higher on Tuesday as investors looked to Federal Reserve Chairman Jerome Powell’s optimistic view of the U.S. economy and as solid earnings supported expectations of a strong second-quarter reporting season. Source: Reuters Business News  Read More →

Goldman Sachs pressed on strategy as new CEO confirmed

Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank’s overhaul. Source: Reuters Business News  Read More →

UK PM May narrowly avoids defeat in parliament on trade laws

British Prime Minister Theresa May narrowly avoided a defeat in parliament at the hands of pro-EU lawmakers from her own party on Tuesday, fending off a rebellion that threatened to worsen a crisis over her Brexit strategy. Source: Reuters Business News  Read More →

UK government wins approval for Brexit trade law in lower house of parliament

Prime Minister Theresa May won approval from the lower of house of parliament on Tuesday for a law needed to let Britain pursue an independent trade policy once it leaves the European Union. Source: Reuters Business News  Read More →

Exclusive: Brazil to delay auction for five of six Eletrobras distributors

Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday. Source: Reuters Business News  Read More →

Tesla shares fall 3.5 percent after CEO Musk abuses British diver

Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. Source: Reuters Business News  Read More →

Thyssenkrupp in leadership turmoil as chairman quits

The chairman of Germany’s Thyssenkrupp has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate. Source: Reuters Business News  Read More →

Bank of America profit beats on consumer loan growth, lower expenses

Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy. Source: Reuters Business News  Read More →

Uber being probed for gender discrimination: source

Uber Technologies Inc is under investigation by the U.S. Equal Employment Opportunity Commission for alleged gender discrimination on issues such as pay, according to a source familiar with the matter. Source: Reuters Business News  Read More →

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