Asian shares up as ‘very good’ trade talks boost risk appetite

Asian shares up as ‘very good’ trade talks boost risk appetite
SHANGHAI (Reuters) – Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China... Read More

GM, UAW clash over how to reach deal to end lengthy strike

GM, UAW clash over how to reach deal to end lengthy strike
WASHINGTON/DETROIT (Reuters) – General Motors (GM.N) and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the... Read More

California governor calls widespread electricity shutdown to prevent fires ‘unacceptable’

California governor calls widespread electricity shutdown to prevent fires ‘unacceptable’
LOS ANGELES (Reuters) – California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable,” saying on Thursday it resulted from years of mismanagement by the utility. Pacific Gas and Electric Co (PG&E) has imposed unprecedented shutoffs that left more than 600,000 homes and workplaces without power on the second day of planned... Read More

GM urges UAW to agree to ‘around-the-clock’ bargaining

GM urges UAW to agree to ‘around-the-clock’ bargaining
FILE PHOTO: A “UAW On Strike” sign is seen during a rally outside the shuttered General Motors Lordstown Assembly plant during the United Auto Workers national strike in Lordstown, Ohio, U.S. September 20, 2019. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try... Read More

SAP’s McDermott steps down after decade as chief salesman and dealmaker

SAP’s McDermott steps down after decade as chief salesman and dealmaker
BERLIN (Reuters) – Bill McDermott stood down on Friday after a decade building up SAP (SAPG.DE) as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. FILE PHOTO: SAP Chief Executive Officer Bill McDermott attends the company’s annual general meeting in Mannheim, Germany, May 15,... Read More

Asian shares firm as ‘very good’ trade talks boost risk appetite

Asian shares firm as ‘very good’ trade talks boost risk appetite
SHANGHAI (Reuters) – Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September 7,... Read More

Google begins responding to Texas antitrust investigators’ data demands

Google begins responding to Texas antitrust investigators’ data demands
AUSTIN/SAN FRANCISCO (Reuters) – Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc’s (GOOGL.O) Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo... Read More

Walmart U.S. CEO Foran to exit and be replaced by Sam’s Club boss Furner

Walmart U.S. CEO Foran to exit and be replaced by Sam’s Club boss Furner
FILE PHOTO: Greg Foran, president and CEO of Walmart U.S., speaks about the company’s Black Friday plans at a Walmart store in Secaucus, New Jersey, November 11, 2015. REUTERS/Lucas Jackson WASHINGTON (Reuters) – Walmart Inc (WMT.N) said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head... Read More