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GM CEO Barra set to hold White House meetings on Thursday: sources

General Motors chief executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising fuel efficiency standards, three people briefed on the matter said.



5 years ago

New York City sues T-Mobile over 'rampant' customer sales abuses

New York City sued T-Mobile USA Inc on Wednesday, accusing the fourth-largest U.S. mobile phone company of engaging in "rampant" sales abuses of customers for its lower-priced, prepaid wireless brand, Metro by T-Mobile.



5 years ago

Slack forecasts bigger third-quarter loss, slowing revenue growth; shares tumble

Slack Technologies Inc forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in its first report as a public company on Wednesday, as it faces intense competition from Microsoft Corp and others.



5 years ago

U.S. biodiesel industry leaders urge Trump's EPA to lift biodiesel mandate

U.S. biodiesel industry leaders told an Environmental Protection Agency regional administrator in Houston on Wednesday that they want the Trump administration to boost the volume of biodiesel that oil refiners must blend into their fuel each year, two sources familiar with the matter said.



5 years ago

Nissan CEO Saikawa admits to misconduct in compensation: Jiji

Nissan Motor Co Chief Executive Hiroto Saikawa admitted to misconduct involving stock-related compensation and said he planned to return the portion he had wrongfully received, Jiji news agency reported.



5 years ago

Big investment banks have worst start to year since 2006

The world's largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition on Thursday.



5 years ago

GM CEO Barra set to hold White House meetings Thursday with Trump: sources

General Motors Chief Executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising vehicle fuel efficiency standards, three people briefed on the matter said.



5 years ago

Exclusive: In U-turn, Ford ditches plan to unify China sales system after partners push back

Ford Motor Co has scrapped a plan to create a unified national sales company for China that stoked mistrust of the automaker at its joint venture partners and contributed to a spectacular collapse in sales in the world's biggest car market.



5 years ago

Dozen Goldman partners could possibly exit by 2019-end: WSJ

As many as a dozen partners at Goldman Sachs Group Inc are negotiating an exit from the bank and are likely to leave by the end of 2019, the Wall Street Journal reported on Wednesday.



5 years ago

Mexico's government says U.S. duties on structural steel part of normal investigation

Mexico's government said on Wednesday that new duties imposed on some Mexican structural steel by the U.S. Commerce Department are part of a normal investigation when an industry feels it is being affected by imports that use unfair practices, such as dumping or subsidies.



5 years ago

Nissan CEO Saikawa admits receiving improper payment: Jiji

Nissan Motor Co Chief Executive Hiroto Saikawa admitted to improperly receiving stock-related compensation, Jiji news agency reported, in the latest case of financial misconduct among executives at Japan's second-largest automaker.



5 years ago

Cathay shares fall more than 2% after chairman resigns

Shares in Cathay Pacific Airways Ltd fell more than 2% in early trade on Thursday following the resignation of its chairman after the market closed on Wednesday.



5 years ago

Asian shares up as Brexit, Hong Kong progress lifts mood

Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.



5 years ago

Cathay shares fall nearly 4% after chairman resigns

Shares in Cathay Pacific Airways Ltd fell nearly 4% in early trade on Thursday following the resignation of its chairman after the market closed on the previous day.



5 years ago

Nissan CEO, others received excess compensation in violation of rules: source

An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.



5 years ago