Reuters Business News:
Morgan Stanley CEO Gorman"s total 2019 pay falls 7% to $27 million
1/17/2020 5:54 PM
Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. Read More
Lawyers for Huawei CFO call Canada prosecutor"s arguments "circular"
1/17/2020 5:32 PM
Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada"s policy towards Iran, Meng"s lawyers argued in court documents released on Friday. Read More
Best Buy starts investigation into CEO"s personal conduct
1/17/2020 5:10 PM
U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter. ...Read More
With market at record highs, eyes on reports from chipmakers
1/17/2020 5:02 PM
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. Read More
Bayer could be close to Roundup settlement, mediator says
1/17/2020 4:45 PM
Bayer could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken Feinberg on Friday saying he was "cautiously optimistic that a settlement will ultimately be reached." ...Read More
U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
1/17/2020 4:44 PM
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. ...Read More
Wall Street hits new highs in strongest week since August
1/17/2020 4:36 PM
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Read More
Shares set fresh records, lifted by U.S. housing data
1/17/2020 3:37 PM
Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro on expectations of solid economic growth. ...Read More
Netflix opens Paris office, plans new French-language series
1/17/2020 3:31 PM
U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday. ...Read More
Oil steadies as Chinese economy offsets trade optimism
1/17/2020 2:58 PM
Oil prices steadied on Friday as sluggish economic growth in China, the world"s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. ...Read More

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