Italian lender UniCredit on Thursday said that its Austrian business's Chairman Erich Hampel has resigned from the Board and will also step down from all other functions within the group.
Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government charges of fraud involving Malaysia's state controlled investment bank, 1MDB.
U.S. Trade Representative Robert Lighthizer on Thursday denied a report that he had told some industry executives that another round of tariffs on Chinese imports had been put on hold as the two nations pursue talks.
Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.
U.S. Trade Representative Robert Lighthizer did not tell business executives that another round of tariffs on Chinese imports is on hold, a USTR spokesperson said on Thursday, denying a report in the Financial Times.
Troubled Greek jewelry maker Folli Follie has asked for protection from creditors in order to finalize a restructuring plan, it said in a statement on Thursday.
Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters.
Sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months.
Sterling tumbled on Thursday after a series of resignations rocked British Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
Shares of PG&E Corp sank 31 percent on Thursday, bringing the loss in its stock market value to nearly $16 billion since the breakout of a deadly wildfire in northern California that investors fear will be blamed on the utility.
The PC maker is closer to returning to the public market after raising its offer for subsidiary VWware’s tracking stock. Rob Cyran explains that the 10 percent price boost, much of it in cash, as well as a board seat has already won over one-time skeptics like Elliott.
The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts.
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