HSBC to cut up to 10,000 jobs in drive to slash costs: FT
FILE PHOTO: A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019. REUTERS/Lim Huey Teng/File Photo (Reuters) – HSBC Holdings Plc (HSBA.L)…
WeWork chief Neumann’s top lieutenants step up as successors
(Reuters) – As WeWork parent We Company’s CEO Adam Neumann asked Artie Minson and Sebastian Gunningham to separately take care of the U.S. office-sharing space start-up’s finances and business, they…
WeWork’s Neumann surrenders control, CEO role following investor revolt
(Reuters) – WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp (9984.T) and other shareholders turned on…
Smith & Wesson parent fails to win support for CEO pay raise
(Reuters) – In a rare case of shareholder pushback, Smith & Wesson parent American Outdoor Brands Corp (AOBC.O) on Tuesday failed to win majority support for its rising executive pay,…
Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) said on Tuesday it will start talks soon to end the contract of current Chief Executive Guido Kerkhoff, whose brief tenure at the submarines-to-car-parts group…
Hydrogen hurdles: a deadly blast hampers South Korea’s big fuel cell car bet
SEOUL (Reuters) – Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung Won-young opened a hydrogen refueling station in the city of…
Huawei CFO fighting U.S. extradition says her rights were violated
VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday as her lawyers argued that Canadian authorities abused their powers and violated her rights…
M&S suffers fresh blow as finance chief quits
(Reuters) – Marks & Spencer Group Plc (MKS.L) said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as…
Banker tells German fraud trial he made millions from ‘astronomical’ trades
BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that…
Telemarketer charged in $1.2 billion Medicare fraud scheme pleads guilty in NJ
(Reuters) – The owner of a telemarketing company implicated in the largest component of a $1.2 billion Medicare fraud involving the supply of medically unnecessary orthotic braces pleaded guilty to…