Business

LONDON, July 17 (Reuters) – The world’s top asset manager BlackRock (BLK.N) has named Amin Nasser, the chief of the world’s largest oil company Saudi Aramco (2223.SE), as an independent director.Nasser joined Saudi Arabia’s state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco’s initial public offering.His expertise in… […]

July 17 (Reuters) – Angelo Mozilo, who propelled Countrywide Financial Corp into the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said.Mozilo, 84, died of natural causes, the foundation said in a statement on Sunday.He became the face of the mortgage meltdown when the subprime crisis… […]

[1/2]Signage is seen on a FedEx location in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew KellyJuly 17 (Reuters) – FedEx Corp (FDX.N) on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug. 1.He will succeed Michael Lenz, who will serve as a senior advisor until the… […]

[1/2]The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoLANSING, Michigan, July 17 (Reuters) – General Motors is seeing strong demand for many of its U.S. vehicles, but can’t deliver them to dealers fast enough, one of the company’s top executives… […]

NEW YORK, July 17 (Reuters) – Shares of AT&T Inc (T.N) fell nearly 7% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the telecommunications giant left toxic lead cables buried across the U.S.A Wall Street Journal report on July 9 named AT&T and… […]

Reuters/Dado Ruvic/File Photo [サンフランシスコ／ニューヨーク 　５日 ロイター] – Qualcomm, a major American semiconductor company (QCOM.O)opens new tab Intel (INTC.O)opens new tab The company is considering buying part of Samsung Electronics’ design division to bolster its product portfolio, two people familiar with the matter said. Qualcomm reportedly considered buying any part of Intel’s business, as Intel is […]

[1/2] A logo design is envisioned on the Credit Suisse bank in Geneva, Switzerland, February 22,2023 REUTERS/Denis Balibouse// File Picture RIYADH, March 15 (Reuters) – The head of Credit Suisse Group’s biggest investor, Saudi National Bank (SNB) (1180 SE), stated on Wednesday it would not purchase more shares in the Swiss rely on regulative premises.”… […]

ZURICH, March 15 (Reuters) – Credit Suisse shares plunged by as much as 30%on Wednesday after its biggest investor stated it might not supply additional assistance, triggering the Swiss bank’s CEO to make brand-new guarantees on its monetary strength. Saudi National Bank (SNB) (1180 SE), which holds 9.88%of Credit Suisse ( CSGN.S), stated it would… […]

LONDON, March 15 (Reuters) – Helios Financial Investment Partners has actually been dealing with consultants to offer a stake in Crown Agents Bank, a British service provider of cross-border payments, sources acquainted with the matter informed Reuters. The personal equity financier has actually engaged Barclays Plc ( BARC.L) and JPMorgan & Co ( JPM.N) to… […]

March 14 (Reuters) – Silicon Valley Bank’s brand-new President Tim Mayopoulos on Tuesday advised the stopped working bank’s leading equity capital customers to move their deposits to its recently produced bridge entity, individuals who participated in a virtual conference with him stated. The Federal Deposit Insurance Coverage Corporation (FDIC) designated the previous Fannie Mae CEO… […]