FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added…
DETROIT – Former Detroit Police Lieutenant John F. Kennedy pleaded guilty today to conspiring with another Detroit police officer to commit bribery, in connection with the corruption of towing permits…
(Reuters) – Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, citing an interview with the…
By Selena Li and Samuel Shen HONG KONG/SHANGHAI – UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of…
MADRID – Fashion retailer Zara founder Amancio Ortega bought a 5% stake in Spanish gas grid operator Enagas’s renewable and hydrogen unit Enagas Renovable, Enagas said on Wednesday. Ortega’s family…
By Joseph White DETROIT – General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker’s Cruise…
SEOUL – General Motors Co’s South Korea unit has resumed production at its two factories in the country this week following a production halt that lasted about two weeks over…
(Reuters) – Singapore Telecommunications said on Tuesday it would sell its loss-making digital marketing arm Amobee to London-listed Tremor International for $239 million in a bid to sharpen its focus…
HOWELL TOWNSHIP, NJ – Howell firefighters from the Southard Fire Department responded to a fire at the Windmill Condominium complex. Quick response by firefighters led to the containment of the…
(Reuters) – HSBC Holdings Plc has established a Chinese Communist party committee (CCP) within its securities brokerage unit in the country, Financial Times reported on Thursday, citing two people familiar…
SHANGHAI – China Evergrande New Energy Vehicle Group Ltd said on Wednesday it had received non-binding pre-orders for more than 37,000 units of its first model Hengchi 5. Pre-orders for…
SEOUL – General Motors Co’s South Korea unit has suspended production at its two factories in the country following a local supplier’s refusal to supply auto parts, an official at…
BARNEGAT, NJ – Summer is heating up, and visitors and locals are taking to the water. In response, the Barnegat Police Department has announced the formation of a police marine…
NEW YORK – Goldman Sachs has hired Jared Cohen, who founded technology incubator Jigsaw at Google, to co-head its newly created applied innovation unit, an internal memo showed, as the…
BERLIN – Volkswagen’s software unit Cariad will be streamlined in efforts to step up the pace of software development, Dirk Hilgenberg, the head of the unit, told the Frankfurter Allgemeine…
HOWELL TOWNSHIP, NJ – Like a scene out of the movie Pay it Forward, the Howell Township Police Department took a donation from Girl Scout Troop 60771 and paid it…
FRANKFURT – Deutsche Lufthansa’s Swiss business said on Tuesday it would cut about 2% of its flights scheduled between August and October because of labour shortages, strikes and rising COVID-19…
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people…
By Ana Mano SAO PAULO – At least one unit of U.S. grain trader Cargill in Brazil’s Mato Grosso state is storing corn in open air outside silos, according to…
(Reuters) – Mars Inc said on Wednesday long-time Chief Executive Officer Grant Reid has decided to retire and will be succeeded by the privately held chocolate company’s Petcare head Poul…
By Yuka Obayashi ANEGASAKI, Japan – JERA, Japan’s biggest power generator, has started preparation work to restart another aged power generation unit at its Anegasaki thermal power station, near Tokyo,…
TORONTO – Shares in Shaw Communications and Rogers Communications rallied on Monday on expectations that the sale of Shaw’s mobile unit will eventually pave the way for regulatory approval of…
(Reuters) – Walgreens Boots Alliance Inc on Thursday launched a clinical trials business that aims to use patient data from its pharmacies to help drive up recruitment in studies conducted…
(Reuters) -Australia’s corporate regulator on Wednesday fined a former unit of top lender Commonwealth Bank A$1.7 million ($1.2 million) for charging fees from deceased superannuation members. The unit, Avanteos Investments,…
MILAN -Giving up for free the Russian arm of UniCredit would be morally wrong, the Italian bank’s chief executive said on Tuesday. UniCredit runs Russia’s 14th largest bank and has…