WASHINGTON (Reuters) – U.S. passenger railroad Amtrak said on Wednesday that Chief Executive Bill Flynn will retire next month and be replaced by its president as it begins a big expansion of operations funded by Congress. Flynn, 68, has overseen the railroad since April 2020 and steered it through the COVID-19 crisis and a massive …
U.S. railroad Amtrak CEO to step down next month Read More »
NEW YORK (Reuters) – A former partner at the McKinsey consulting firm pleaded guilty to insider trading ahead of Goldman Sachs Group Inc’s agreement to buy fintech lender GreenSky Inc for $2.24 billion, U.S. prosecutors said on Wednesday. Puneet Dikshit, 40, pleaded guilty to one count of securities fraud. He was charged last month for …
Ex-McKinsey partner pleads guilty to insider trading charge Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased less than expected in November, likely payback after surging in the prior month as Americans started their holiday shopping early to avoid empty shelves. A rotation in spending from goods back to services also appears to have held back retail sales last month, with the …
Shortages, inflation curb U.S. retail sales in November Read More »
By Karen Freifeld (Reuters) – A three-year-old criminal case against the Chinese telecommunications equipment maker Huawei is still far from going to trial in New York, despite an agreement in the case that let Huawei’s chief financial officer go free. During a status conference on Wednesday, U.S. District Court Judge Ann Donnelly, presiding over the …
New York criminal case against Huawei still far from trial Read More »
By Michelle Price and Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed new rules that will affect publicly listed companies and their top executives, banking groups and asset managers. Here is a summary of the proposals. CORPORATE TRADING PLANS The agency proposed tightening “10b5-1” corporate trading plans that …
Factbox-Details of U.S. SEC’s rules on corporate trades, money market funds, swaps Read More »
(Reuters) – Canadian pot producer Canopy Growth Corp said on Wednesday it would sell its German pharmaceuticals unit, C3 Cannabinoid Compound Co GmbH, to a local firm as revenue took a hit due to pandemic-related restrictions in the country. Shares of Canopy were down 3.4% at C$8.85 in afternoon trading. The Ontario-based company said it …
Pot producer Canopy to sell German pharma unit C3 on COVID-19 hit Read More »
(Reuters) – Amazon.com Inc said on Wednesday it had recovered from a brief outage at its Amazon Web Services cloud unit that affected internet connectivity in two regions on the U.S. West Coast. AWS’s dashboard that logs outages showed that it had resolved the issue affecting internet connectivity to Oregon and northern California regions. “The …
Amazon cloud unit recovers from brief outage affecting third-party services Read More »
By Alexander Marrow and Andrey Ostroukh MOSCOW (Reuters) – The Russian rouble drifted lower on Wednesday, slipping past 74 versus the dollar for the first time in a week as investors focused on central bank meetings this week, including the U.S. Federal Reserve and the Bank of Russia. By 1722 GMT, the rouble was 0.7% …
Russian rouble falls past 74 vs dollar with central bank meetings in focus Read More »
FRANKFURT (Reuters) – Deutsche Bank’s merger and acquisition advisory business in the United States has been “extremely strong” in the fourth quarter, a bank executive said on Wednesday, adding that he was optimistic for 2022. Once Deutsche’s problem child, the investment bank is the lender’s biggest revenue generator, benefiting from a pandemic-induced trading boom and …
Deutsche Bank’s M&A business in Q4 extremely strong, executive says Read More »
WASHINGTON (Reuters) – The Insurance Institute for Highway Safety (IIHS) said Ford Motor Co’s new 2021 Bronco four-door SUV did not qualify for its “Top Safety Pick” because of issues with its head restraints and headlights. The industry funded group said the Bronco’s head restraints failed to provide good protection against whiplash injuries and its …
Ford Bronco SUV does not win ‘Top Safety Pick’ – group Read More »
