Carl Icahn sells stake in AIG: Forbes
(Reuters) – Billionaire investor Carl Icahn has sold his stake in AIG (AIG.N), Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property…
Spot the difference: Russia inspires fake news hearings in UK, US
Britain’s parliamentary investigation into fake news (also known as News From Russia We Don’t Agree With) has reached the public stage. It’s now possible to … source
Nestle to pay Starbucks $7.15 billion in global coffee alliance
LONDON/ZURICH (Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world, tying a premium…
Mass shooting in Florida school leaves 17 dead
Breaking news coming from the U.S. where a shooting has taken place at a high school in Southern Florida. 17 people are dead following the attack, according … source
Australia’s ANZ cuts financial planner bonuses as inquiry reshapes an industry
SYDNEY (Reuters) – Australia’s ANZ said it would quit paying bonuses to financial planners for selling its products, becoming the country’s first major lender to change business practices in response…
Hawaii eruption destroys 26 homes as toxic gas and molten lava threaten residents
She was also aware that one day the volcano could erupt, Sonner said, and lava could overtake the area. But she was more excited about her home, right outside the…
ANZ scraps sales bonuses for financial planners as inquiry shakes up sector
SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) said it would stop paying financial planners bonuses for selling its products, the first of the country’s top lenders…
Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources
HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips (COP.N) has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of…
ZTE says asked U.S. Commerce Department to suspend business ban
BEIJING (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban,…
Talks between Swiss Re and SoftBank close to collapsing: FT
ZURICH (Reuters) – Discussions between Swiss Re (SRENH.S) and SoftBank (9984.T) about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday,…