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Republican U.S. election sweep would boost short sellers: Lamensdorf

October 22, 2018 by  
Filed under News

U.S. equity short sellers are rooting for a Republican sweep of Congress in U.S. elections on Nov. 6, which are seen as partly a vote on President Donald Trump’s pro-business policies, a leading Wall Street short seller said on Monday.


Source: Reuters Business News

Arm CEO pulls out of Saudi conference: source

October 22, 2018 by  
Filed under News

British chip designer Arm Holdings Chief Executive Officer Simon Segars has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on Monday.


Source: Reuters Business News

Aegean picks Pratt & Whitney engines for its A320neo aircraft

October 22, 2018 by  
Filed under News

Greece’s largest carrier Aegean Airlines picked U.S. engine maker Pratt & Whitney to power up to 62 Airbus A320neo aircraft, the carrier said on Monday.


Source: Reuters Business News

Gilberto Benetton, co-founder of Benetton group, has died: sources

October 22, 2018 by  
Filed under News

Gilberto Benetton, one of the co-founders of the Italian clothing retailer Benetton Group, has died, sources with knowledge of the matter said on Monday.


Source: Reuters Business News

Wells Fargo pays $65 million to settle 'cross-sell' fraud claims with New York

October 22, 2018 by  
Filed under News

Wells Fargo & Co will pay $65 million to settle claims that it misled investors about its “cross-selling” business strategy, the New York Attorney General’s office said on Monday.


Source: Reuters Business News

Bombardier sues Mitsubishi jet program over trade secrets

October 21, 2018 by  
Filed under News

Canadian airplane maker Bombardier Inc has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd , saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project.


Source: Reuters Business News

MUFG says bank's CEO will not attend Saudi conference

October 21, 2018 by  
Filed under News

The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi.


Source: Reuters Business News

Audi's electric SUV faces four-week delay because of software bug

October 21, 2018 by  
Filed under News

Audi’s first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday.


Source: Reuters Business News

China says must balance stable growth and risk prevention

October 21, 2018 by  
Filed under News

China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers.


Source: Reuters Business News

Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources

October 20, 2018 by  
Filed under News

(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO)


Source: Reuters Business News

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