Business

Check out the companies making headlines before the bell: Deutsche Bank – New CEO Christian Sewing insisted that the financial strength of Germany’s flagship lender is “beyond doubt,” despite the Federal Reserve labeling Deutsche Bank’s business in the U.S. as in “troubled condition.” Within a day of the Fed’s designation, Standard & Poor’s slashed its
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Google has blamed “vandalism” on Wikipedia for a search result that linked the California Republican Party to Nazism. House Majority Leader and California GOP Representative Kevin McCarthy had criticized Google on Thursday for including a “Nazism” tag under the Wikipedia definition of the state party. McCarthy called it a “disgrace.” Tweet In response, Google said
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Conservative politician and U.K. government minister Ian Duncan dubbed the excuses “shocking and pathetic,” while Amanda Mackenzie, CEO of responsible business organization Business in the Community, said that “you might think it’s 1918, not 2018. It (the list) reads like a script from a comedy parody, but it’s true.” However, Mackenzie remained optimistic that a
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Anindito Mukherjee | Getty Images Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India. Uber is in discussions with Alphabet’s Waymo to add the latter’s self-driving cars to its platform, Chief Executive Dara Khosrowshahi said Wednesday. Speaking at the Code Conference in Rancho Palos Verdes, California, Khosrowshahi
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Small businesses should focus on trying to pay more in order to attract hard-to-find workers, Paychex CEO Martin Mucci told CNBC on Tuesday. “The dollars from tax reform are going to earnings growth and to capital investment as opposed to the wage growth,” he said. “That’s going to have to give to be able to
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Criticisms of the OECD include perceived narrowness of its membership; it excludes major market players like China, and critics point to an overarching like-mindedness of its members as hindering more effective outreach and engagement. Some call the OECD a “rich man’s club,” although it has succeeded in bringing once-undeveloped countries under its umbrella, including South
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Union members representing Canadian Pacific Railway Ltd’s (CP) conductors and locomotive engineers have served a notice to go on strike as early as May 29, according to a union statement released on Saturday. The strike notice comes a day after the union rejected the company’s latest contract offer. “After workers at CP voted to reject
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Shortly after taking over Unilever, Polman met with investors in London and withdrew guidance to security analysts and quarterly earnings, telling them, “My job is not to serve shareholders, but to serve consumers and our customers.” Of course, he believes that in doing so, Unilever will indeed serve its shareholders better over the long-term. Unilever’s
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The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
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Privacy activist Max Schrems has wasted no time making use of Europe’s new data protection law to target the giants of Silicon Valley. The Austrian lawyer’s non-profit organization NOYB filed complaints against Google, Facebook and Facebook-owned services WhatsApp and Instagram on Friday. The complaints could result in penalties worth up to 7 billion euros ($8.1
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Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important parliamentary appearance since his State
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The CEO of Italy’s largest utility firm says he’s been left stunned by the tactics deployed by Spain’s Iberdrola, amid a bitter feud over Brazil’s largest power distributor. Europe’s top two utilities, Enel and Iberdrola, are in the midst of a fierce battle to secure the assets of Brazil’s Electropaulo. The South American grid operator
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United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar
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