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The pan-European Stoxx 600 was up around 0.3 percent during early morning deals, with most sectors and major bourses in positive territory. Europe’s banking index was among the top performers Wednesday morning, supported by Italy’s notoriously fragile lenders. Banco BPM, Ubi Banca and Intesa Sanpaolo all surged higher amid reports the country’s Deputy Prime Minister,
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Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct. Nissan released a statement on Monday, which said that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities
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Marlene Awaad | Bloomberg | Getty Images Carlos Ghosn, chairman of the alliance between Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pauses during a Bloomberg Television interview at the Paris Motor Show in Paris, France, on Tuesday, Oct. 2, 2018.  Mitsubishi will propose removing embattled executive Carlos Ghosn from its board of directors,
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In an interview with Axios on HBO Sunday night, Axios technology correspondent Ina Fried asked Cook why Apple accepts payments from Google to be the default search engine in Apple products, even though Google’s attitude towards privacy runs counter to Apple’s. “I think their search engine is the best,” Cook said, adding that Apple has
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Still, there may be reasons for auto industry executives to relax a bit. On Friday, Chinese Commerce Ministry spokesman Gao Feng told reporters that “high-level contacts between the two sides on economics and trade have resumed following the November 1 conversation between the Chinese and American heads of state.” What, if anything, that might translate
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Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by
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Google touts itself as having the best technology for sophisticated machine learning and artificial intelligence workloads. The company also created the Kubernetes technology for virtual containers, which enables developers to easily move around code between machines and clouds. But when it comes to the big storage and core computing contracts, numerous industry experts, venture capitalists
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Channing Dungey, the president of ABC Entertainment, has resigned. Karey Burke, the head of original programming for Freeform, has been chosen to head the company. She will be responsible for all development, programming, casting, marketing, business and scheduling for ABC prime time and late-night. Dungey was the first African American to lead a U.S. broadcast
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General Electric’s troubles have been followed by many, but two Wall Street analysts have correctly called the industrial’s prolonged downfall every step of the way, CNBC’s Jim Cramer said Thursday. Stephen Tusa, an analyst at J.P. Morgan, and John Inch, a Gordon Haskett analysts formerly of Deutche Bank, “have been negative on GE for ages
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European stock indexes opened higher on Thursday as investors digest the latest news on Brexit and keep an eye on U.S.-China trade talks. The pan-European Stoxx 600 was up 0.8 percent, with all major indexes in positive territory. On Wednesday, British Prime Minister Theresa May said she had obtained enough support from senior members of
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Evan Agostini | Invision | AP Jan Singer, Victoria’s Secret CEO  The CEO of Victoria’s Secret’s lingerie division, Jan Singer, has resigned and plans to step down after working at the retailer for two years, a person briefed on the matter told CNBC. The lingerie company, owned by L Brands, has struggled to grow sales
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Dropbox Inc.: “We talked to [CEO] Drew Houston when we were out at Dreamforce. He told a great story and then we got this incredible tech sell-off. Then he reported and the numbers were great. Buy, buy, buy!” Sociedad Quimica y Minera de Chile: “We’re going to stay away from that. Known stories mean no
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China is committed to opening up its insurance sector just as it’s indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday. “Beijing is saying they have a plan for greater opening, and I think like everything in China the time frame is misaligned with U.S. time frames,”
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Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by Alibaba said it witnessed accelerating growth during the event. Southeast Asia is at the “beginning of the journey” and still witnessing “accelerating
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