Business

(Reuters) – Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, would take on the daunting task
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NEW YORK (Reuters) – American International Group Inc’s (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG in May, the 70-year-old insurance industry veteran received bigger awards
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NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors. Small-caps, which are more reliant on U.S. policy and economic conditions than are large multinationals, have fallen recently on rising doubts
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NEW YORK (Reuters) – U.S. stocks rose slightly on Friday though they were off session highs after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech, and a key White House official said tax reforms were on the horizon. Yellen’s speech at the annual meeting of central bankers in Jackson
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BERLIN (Reuters) – Air Berlin’s (AB1.DE) frequent flyer programme filed for insolvency on Friday, bad news for members with points on their accounts, which they can no longer use. The frequent flyer programme Top Bonus had already stopped members from using and collecting points amid uncertainty about its future after Air Berlin itself filed for
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SINGAPORE (Reuters) – The dollar inched higher on Thursday, paring some of the losses it suffered after U.S. President Donald Trump suggested a shutdown of the government was possible and threatened to terminate the North American Free Trade Agreement. Trump warned late on Tuesday he might end the NAFTA trade treaty with Mexico and Canada
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HONG KONG (Reuters) – China’s largest state-owned commercial banks are raising billions to fund investment under Beijing’s “Belt and Road” drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationalize the yuan. China Construction Bank Corp (CCB) (601939.SS) (0939.HK), the country’s second-biggest bank by assets, has been conducting
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(Reuters) – U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners’ trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S. President Donald Trump’s special
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MUMBAI (Reuters) – India’s second-biggest IT firm Infosys (INFY.NS) said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. The board of Bengaluru-headquartered Infosys approved the repurchase of 113 million shares at
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