Business

Morgan Stanley brings back veteran dealmaker Michael Grimes, memo shows

Monday, February 9 by SRN News

Feb 9 (Reuters) - Morgan Stanley has brought back veteran dealmaker Michael Grimes as chairman of investment banking after his stint with the U.S. government, according to an internal memo seen by Reuters. Grimes, one of Wall Street's most prominent dealmakers, recently served as a... Read More.

GM hires new head of strategy from Lucid Motors

Monday, February 9 by SRN News

By Kalea Hall DETROIT, Feb 9 (Reuters) - General Motors has hired an executive from electric-vehicle startup Lucid Motors to lead corporate strategy, a role that will include scouting for partnerships with technology companies. GM said on Monday that Claudia Gast will be the automaker's deputy... Read More.

LVMH heir Arnault promoted to group executive board

Monday, February 9 by SRN News

PARIS, Feb 9 (Reuters) - LVMH heir Antoine Arnault was promoted to the luxury group's executive committee on Monday, the latest high-profile appointment as CEO and chairman Bernard Arnault reshuffles leadership roles. The family-controlled group is facing increased investor scrutiny over its governance structure,... Read More.

Nike-owned Converse to cut jobs as it reorganizes its teams, Bloomberg News reports

Monday, February 9 by SRN News

Feb 9 (Reuters) - Nike-owned Converse brand's employees were instructed to work from home this week as the sportswear giant makes strategic changes to recapture sales growth, Bloomberg News reported on Monday, citing a memo. The changes include new roles and team moves for some... Read More.

Air Canada suspends Cuba flights as island set to run out of jet fuel

Monday, February 9 by SRN News

By Dave Sherwood and Allison Lampert HAVANA/MONTREAL, Feb 9 (Reuters) - Air Canada said on Monday it is suspending flights to Cuba, which warned it was running out of jet fuel, as the U.S. tightens its grip on the communist-run nation's oil supply. Canada's... Read More.

Cuba says airlines can no longer refuel on the island as US blockade deepens energy crisis

Monday, February 9 by SRN News

HAVANA (AP) - Cuban aviation officials have warned airlines that there isn't enough fuel for airplanes to refuel on the island, the latest step in its moves to ration energy as the Trump administration cuts the Caribbean nation off from its fuel resources. The government... Read More.

Protesters at Cargill’s Brazil terminal should not be forced out, say prosecutors

Monday, February 9 by SRN News

By Ana Mano SAO PAULO, Feb 9 (Reuters) - A branch of Brazil's federal public prosecutors' office has denounced the potential use of force to remove Indigenous protesters from the vicinities of a Cargill port terminal in the Amazon, according to a statement late last... Read More.

Trump administration’s changes to the CFPB cost Americans $19B, a new report says

Monday, February 9 by SRN News

NEW YORK (AP) - One year after the Trump administration took control of the Consumer Financial Protection Bureau, the consumer watchdog has largely retreated from enforcement and regulatory work, changes that consumer advocates and Democrats now estimate have cost Americans at least $19 billion... Read More.

Loews reports quarterly weakness on CNA’s underwriting woes

Monday, February 9 by SRN News

Feb 9 (Reuters) - Loews Corp on Monday reported weakness in most of its business units including its flagship insurance business due to softer underwriting which was partially offset by returns on investments. Its insurance unit's core income decreased to $317 million in the... Read More.

Ferrari releases teaser images of new Luce electric sports car

Monday, February 9 by SRN News

Feb 9 (Reuters) - Ferrari released teaser images of its new fully electric sports car on Monday, revealing the name and interior design of the eagerly awaited first for the luxury Italian carmaker. The new Luce, which means light in Italian, was announced with images... Read More.

Current Weather

Morgan Stanley brings back veteran dealmaker Michael Grimes, memo shows

GM hires new head of strategy from Lucid Motors

Nike-owned Converse to cut jobs as it reorganizes its teams, Bloomberg News reports

Air Canada suspends Cuba flights as island set to run out of jet fuel

Cuba says airlines can no longer refuel on the island as US blockade deepens energy crisis

Protesters at Cargill’s Brazil terminal should not be forced out, say prosecutors

Trump administration’s changes to the CFPB cost Americans $19B, a new report says

Loews reports quarterly weakness on CNA’s underwriting woes

Ferrari releases teaser images of new Luce electric sports car

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