Business News

Merck CEO to stay post 65 after company amends retirement policy

Reuters Company News - 3 hours 16 min ago
Drugmaker Merck and Co Inc said on Wednesday that its board voted to rescind a policy requiring its head to retire at 65, a move that will permit current Chief Executive Officer Kenneth Frazier to remain in the role beyond next year.
Categories: Business News

Deutsche Bank dismisses merger reports as 'fictions'

Reuters Biz News - 3 hours 21 min ago
Deutsche Bank has dismissed speculation that it might seek a merger as "fictions", after media reports suggested Germany's biggest lender might seek tie ups with Switzerland's UBS or German peer Commerzbank.
Categories: Business News

UPDATE 4-Deutsche Bank dismisses merger reports as 'fictions'

Reuters Company News - 3 hours 22 min ago
* UBS and Commerzbank decline to comment (Updates with comment from CEO, new reporting credit, share prices)
Categories: Business News

Daimler names R&D head as next CEO, Zetsche to become chairman

Reuters Biz News - 3 hours 22 min ago
Daimler named research chief Ola Kaellenius as its next CEO on Wednesday in a succession plan that promotes a raft of tech-savvy managers at its Mercedes-Benz car brand and also seeks to install long-serving CEO Dieter Zetsche as chairman.
Categories: Business News

UPDATE 3-Daimler names R&D head as next CEO, Zetsche to become chairman

Reuters Company News - 3 hours 24 min ago
* Markus Schaefer to become head of Mercedes-Benz Cars (Adds fund manager quote, writes through with more detail)
Categories: Business News

Shipping's New Arctic Routes Won't Thaw Cold Economic Reality

WSJ Company News feed - 3 hours 28 min ago
The ballyhooed sailing of a container ship shows how far the Northern Sea Route lane has to go to provide a viable alternative to traditional commercial shipping lanes between Asia and Europe.
Categories: Business News

Alexion to buy biotech firm Syntimmune for up to $1.2 bln

Reuters Company News - 3 hours 29 min ago
Alexion Pharmaceuticals Inc said on Wednesday it would buy privately held biotech company Syntimmune for a total value of up to $1.2 billion, giving it access to a rare blood disorder drug.
Categories: Business News

Top Uber executive disciplined after probe into office conduct -WSJ

Reuters Company News - 3 hours 35 min ago
Uber's head of corporate development, Cameron Poetzscher, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers, the Wall Street Journal reported on Wednesday, citing people familiar with the investigation.
Categories: Business News

Germany's deputy finance minister urges insurers to prepare for no-deal Brexit

Reuters Biz News - 3 hours 42 min ago
German Deputy Finance Minister Joerg Kukies on Wednesday urged insurers to prepare for a no-deal Brexit and added that the German government was very interested in attracting financial service providers looking to leave Britain due to Brexit.
Categories: Business News

Exclusive: JPMorgan in talks to lead Lyft's IPO - sources

Reuters Biz News - 3 hours 45 min ago
JPMorgan Chase & Co is in talks about leading Lyft Inc's upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft's larger competitor Uber Technologies Inc, according to people familiar with the matter.
Categories: Business News

Tech companies agree to measures to tackle fake news - EU

Reuters Company News - 3 hours 58 min ago
Tech companies have agreed to measures to tackle fake news and concerns that it can influence elections, the European Commission said on Wednesday. With EU parliament and national elections coming up next year, the EU executive wants to thwart foreign interference following allegations of meddling in the U.S. presidential election and the referendum in which Britons voted to leave the European Union.
Categories: Business News

Oil eases, but Iran sanctions keep prices near late 2014 highs

Reuters Biz News - 4 hours 4 min ago
Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Categories: Business News

Caspian Pipeline Consortium sees 2019 crude shipments over 65 mln T

Reuters Company News - 4 hours 5 min ago
Caspian Pipeline Consortium (CPC) plans to increase crude shipments to more than 65 million tonnes next year from this year's expected 60-61 million tonnes, CPC chief executive Nikolai Gorban said on Wednesday.
Categories: Business News

Apartment Rents Edge Higher

WSJ Company News feed - 4 hours 22 min ago
Third-quarter prices rose 2.9%, but tenants can still find deals in major metro areas.
Categories: Business News

Top Uber Deal Maker Disciplined After Probe Into Office Conduct

WSJ Company News feed - 4 hours 30 min ago
Uber executive Cameron Poetzscher, who played a key role in negotiating SoftBank’s investment in the ride-hailing firm, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers.
Categories: Business News

Some Good News From Rite Aid? It Is Possible

WSJ Company News feed - 4 hours 41 min ago
Drugstore chain should consider a sale of its PBM business to help reduce debt.
Categories: Business News

Against trade war, Fed backdrop China sets positive world equity tone

Reuters Biz News - 5 hours 4 min ago
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.
Categories: Business News

Anbang in talks to sell Japan real estate to Blackstone, other bidders: sources

Reuters Biz News - 5 hours 18 min ago
Anbang Insurance Group Co Ltd [ANBANG.UL] aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP , about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said.
Categories: Business News

Exclusive: With six months to go before Brexit, 630 finance jobs have left - Reuters survey

Reuters Biz News - 5 hours 37 min ago
As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey.
Categories: Business News

Brexit and the City: A barometer for London's financial outlook

Reuters Biz News - 5 hours 37 min ago
London's skyline is changing fast, pierced by gleaming new skyscrapers which defy predictions of a Brexit-related slowdown in the capital's two financial districts.
Categories: Business News

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