In South Korea’s struggling Kia Town, ‘bad jobs’ better than no jobs

In South Korea’s struggling Kia Town, ‘bad jobs’ better than no jobs
GWANGJU, South Korea (Reuters) – Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea’s rapid industrialization. FILE PHOTO: Members of Kia Motor’s union chant a slogan during a protest against the Gwangju joint-venture project, in Gwangju, South Korea, January 31, 2019.... Read More

Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe

Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe
(Reuters) – Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday. FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini/File Photo In addition,... Read More

Hulu buys back AT&T’s 9.5 percent stake

Hulu buys back AT&T’s 9.5 percent stake
FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido/File Photo (Reuters) – Streaming service company Hulu is buying back wireless carrier AT&T Inc’s 9.5 percent stake in the company in a deal valued at $1.43 billion, the two companies said on Monday. The transaction valued Hulu at $15... Read More

Bank results curb Wall Street, oil falls as Russia mulls production boost

Bank results curb Wall Street, oil falls as Russia mulls production boost
NEW YORK (Reuters) – Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid The U.S. benchmark S&P 500... Read More

Wall Street ends lower dragged down by financials

Wall Street ends lower dragged down by financials
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street ended slightly lower on Monday, dragged down by financials as underwhelming earnings from Goldman Sachs and Citigroup curbed investor enthusiasm. Based on the latest available data, the Dow Jones Industrial Average... Read More