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Jeff Immelt says not pursuing Uber CEO job

August 27, 2017 by  
Filed under News

(Reuters) – Uber Technologies Inc’s [UBER.UL] field of candidates for a new chief executive officer narrowed further on Sunday when Jeff Immelt, chairman of General Electric Co, said he was no longer in the running for the top leadership position.


Source: Reuters Business News

AIG returns to pre-bailout paydays for CEO, top executives

August 27, 2017 by  
Filed under News

NEW YORK (Reuters) – American International Group Inc’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins.


Source: Reuters Business News

Fiscal stimulus in downturns is safe even when debt is high: researchers

August 26, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Government spending in a recession can boost a country’s economy without permanently bloating its public debt, even if the debt is already quite large, researchers told an influential group of central bankers in Jackson, Wyoming, on Saturday.


Source: Reuters Business News

China's R&F Properties roars back into the spotlight on Wanda deals

August 26, 2017 by  
Filed under News

HONG KONG (Reuters) – Once the leader of the elite group of developers known as the “Five South China Tigers”, Guangzhou R&F Properties gradually became overshadowed by bigger beasts, but it’s now back in focus even as many rivals shy from the limelight.


Source: Reuters Business News

Investors seek gems among unloved small-caps

August 25, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors.


Source: Reuters Business News

At Fed conference, Trumponomics draws a not so subtle rebuttal

August 25, 2017 by  
Filed under News

JACKSON HOLE, Wyo. (Reuters) – President Donald Trump’s name was rarely mentioned as top central bankers and economists spent Friday mulling the fate of the global economy at a mountain lodge here.


Source: Reuters Business News

Yellen: Financial rules have made economy stronger, changes should be 'modest'

August 25, 2017 by  
Filed under News

JACKSON HOLE, Wyo. (Reuters) – Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth and any changes to these rules should remain modest, Federal Reserve Chair Janet Yellen said Friday in her fullest defense yet of the regulations enacted after the Great Recession.


Source: Reuters Business News

Platinum founder's lawyers appeal order barring contact with witnesses

August 25, 2017 by  
Filed under News

NEW YORK (Reuters) – Lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case have asked a U.S. appeals court to allow them to communicate with potential government witnesses, calling a judge’s order blocking them from doing so unconstitutional.


Source: Reuters Business News

Wall Street up, despite tech drag, as Yellen skips monetary policy in speech

August 25, 2017 by  
Filed under News

(Reuters) – A drop in tech stocks weighed on the Nasdaq on Friday and erased some gains in the S&P and Dow that came after Federal Reserve Chair Janet Yellen stayed mum on monetary policy and a key White House official said tax reforms were on the horizon.


Source: Reuters Business News

Senator questions quick approval of Amazon's Whole Foods purchase

August 25, 2017 by  
Filed under News

WASHINGTON (Reuters) – A U.S. Democratic senator on Friday questioned the Federal Trade Commission’s quick approval of Amazon.com Inc’s purchase of Whole Foods Market Inc this week, less than three months after the $13.7 billion deal was announced.


Source: Reuters Business News

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