JD.com’s billionaire CEO released after U.S. arrest
BEIJING (Reuters) – The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal…
Out of Sorrell’s shadow, Mark Read poised for top job at ad giant WPP
(Note strong language in final paragraph) FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency WPP leaves following their AGM in London, Britain, June 13, 2018. REUTERS/Toby Melville/File Photo…
Tesla CEO Musk drops pursuit of $72 billion take-private deal
(Reuters) – Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric…
UK auditors, watchdog to discuss curbs on Big Four market share
LONDON (Reuters) – Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called for them to be broken…
Papa John’s taps investment banks amid pressure from founder: sources
NEW YORK (Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has hired Bank of America Corp (BAC.N) and Lazard Ltd (LAZ.N) to help find ways…
Bombardier names Danny Di Perna as aerospace COO
(Reuters) – Bombardier Inc (BBDb.TO) on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer. The logo of Bombardier is seen during the Latin American Business Aviation…
Google employees demand more oversight of China search engine plan
SAN FRANCISCO (Reuters) – Google is not close to launching a search engine app in China, its chief executive told staff on Thursday, the New York Times reported, as employees…
U.S. argues judge failed to take its arguments into account in AT&T trial
WASHINGTON (Reuters) – The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s (T.N) purchase of Time Warner failed to take into account how companies…
U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict
(Reuters) – Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to…
CBS probes misconduct claims against CEO Moonves amid legal battle
(Reuters) – U.S. broadcasting and media company CBS Corp (CBS.N) said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming…