WASHINGTON (Reuters) – General Motors Co said on Thursday that Dan Ammann, the chief executive of its majority-owned Cruise self-driving car subsidiary, is leaving the company, effective immediately. The U.S. automaker did not give a reason for the departure of Ammann, a former GM president and chief financial officer. GM shares fell 2.7% in after …
Cruise CEO Ammann leaving GM’s self-driving car unit Read More »
By Noor Zainab Hussain, Matt Scuffham and Chibuike Oguh (Reuters) – Wall Street banks and investment firms are retrenching from their push to get staff back to the office, with Citigroup Inc, Goldman Sachs Group Inc, Carlyle Group Inc, Blackstone and MetLife among the latest to adjust plans as the Omicron variant of the coronavirus …
Wall Street firms retreat from office, holiday parties as virus spreads Read More »
(Reuters) -The former CEO of McDonald’s Corp paid over $105 million and apologized to the company in a settlement over the burger chain’s allegations that he lied to cover up sexual relationships with employees. As part of the settlement, ex-CEO Steve Easterbrook returned equity awards and cash worth over $105 million that he received as …
McDonald’s ex-CEO pays $105 million to settle lawsuit over relationships with employees Read More »
By Tim Hepher PARIS (Reuters) – Recent order wins by Airbus have strengthened the European planemaker’s case for raising production of its A320-family narrowbody jets beyond a firm target of 65 a month, a senior executive said on Thursday. Asked whether deals with Qantas and Air France-KLM had reinforced Airbus’ ambitions to go ahead with …
Airbus exec says latest order wins strengthen case for jet output hike Read More »
By Matt Scuffham NEW YORK (Reuters) – Goldman Sachs Group Inc said it would work with clients in three areas to reduce carbon emissions substantially by 2030, as it revealed new details about its approach to countering climate change in a report released on Thursday. The bank said it would initially focus on oil and …
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NEW YORK (Reuters) – U.S. insurer MetLife Inc on Thursday told staff it has pushed back plans for U.S. employees to return to the office to March from Jan. 10 previously, a spokeswoman for the company said. The move comes as financial firms grapple with the rapid spread of the Omicron coronavirus variant. (Reporting by …
Exclusive-Insurer MetLife postpones U.S. office return to March Read More »
By Francesca Landini MILAN (Reuters) – Telecom Italia (TIM) has issued its third profit warning this year ahead of a board meeting on Friday that is expected to take more time before acting on a takeover offer from U.S. fund KKR. TIM, which is Europe’s sixth-largest telecoms group, said late on Wednesday that it cut …
Italy’s TIM issues third profit warning of 2021 amid boardroom battle Read More »
By David Shepardson WASHINGTON (Reuters) -The Biden administration’s nominee to serve as the top auto safety regulator said Thursday he hopes the agency will soon finish its investigations into crashes involving automated driving systems used in electric vehicles made by Tesla Inc. Steven Cliff, deputy administrator of the National Highway Traffic Safety Administration and nominated …
U.S. auto safety nominee seeks to finish probes of Tesla crashes Read More »
By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) -Peru’s prime minister Mirtha Vasquez said on Thursday that declaring a state of emergency would be a “last resort” to defuse a road blockade that led miner MMG Ltd to suspend operations at its Las Bambas copper mine for the first time. “We are trying to reach …
WASHINGTON (Reuters) – The U.S. Federal Trade Commission voted unanimously on Thursday to begin work on a rule that would prohibit scam artists from impersonating government agencies or well-known companies in order to bilk Americans. The four commissioners, two Democrats and two Republicans, voted to approve an advance notice of proposed rulemaking to ban this …
U.S. FTC votes to begin creating rule to ban government, business impersonation fraud Read More »
