Commutee

GE Board did not know about CEO's extra plane: WSJ

October 29, 2017 by  
Filed under News

(Reuters) – General Electric Co executives did not tell the multinational conglomerate’s board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported on Sunday, citing people familiar with the matter.


Source: Reuters Business News

Italian bank inquiry points to improper behavior, commission's chairman tells paper

October 29, 2017 by  
Filed under News

MILAN (Reuters) – A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behavior, the commission’s chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview.


Source: Reuters Business News

Chevron drops decision to leave Bangladesh

October 29, 2017 by  
Filed under News

DHAKA (Reuters) – The U.S. oil company Chevron will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday.


Source: Reuters Business News

CVS bid for Aetna: A $66 billion bet on cutting drug costs

October 29, 2017 by  
Filed under News

NEW YORK (Reuters) – The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman.


Source: Reuters Business News

Telekom CEO argues for strong No. 3 player in U.S. wireless market: newspaper

October 28, 2017 by  
Filed under News

FRANKFURT (Reuters) – A strong No. 3 player in the U.S. wireless market would enhance competition, the chief of Deutsche Telekom told a German newspaper, as T-Mobile US Inc seeks to merge with Sprint Corp .


Source: Reuters Business News

China's Baidu teams up with Shouqi on driverless cars: Xinhua

October 28, 2017 by  
Filed under News

BEIJING (Reuters) – Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday.


Source: Reuters Business News

FCC media rule rollback could usher in TV station buying spree

October 28, 2017 by  
Filed under News

WASHINGTON (Reuters) – The Republican-led Federal Communications Commission is moving to quickly undo roadblocks to increased consolidation among media companies, potentially unleashing an onslaught of deals among TV, radio and newspaper owners as they seek to better compete with online media.


Source: Reuters Business News

U.S. wants to remove 'unnecessary' barriers to self-driving vehicles

October 28, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars.


Source: Reuters Business News

China central bank boosting oversight of loans offered on the internet – media

October 27, 2017 by  
Filed under News

BEIJING (Reuters) – China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the lightly regulated industry, a business media report said on Saturday.


Source: Reuters Business News

As Trump tax comes to floor, failure could spell stocks selloff

October 27, 2017 by  
Filed under News

NEW YORK (Reuters) – Investors are increasingly pricing in the effect of a corporate tax cut into the shares of U.S. companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress fails to pass one of President Donald Trump’s top priorities.


Source: Reuters Business News

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