John Flannery gets down to business restructuring General Electric

John Flannery gets down to business restructuring General Electric

THIS should have been one of the darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index comprised of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times have […]

A Craigslist guide to knowing when you have enough to give away

A Craigslist guide to knowing when you have enough to give away

NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) FILE PHOTO: Craig Newmark, founder of the San Franisco-based website Craigslist, poses for a photograph in San Francisco, California February 19, 2014. REUTERS/Robert Galbraith Some people are so famous that you know them by their first names – Cher, […]

How two-wheelers are weaving their way into urban transport

How two-wheelers are weaving their way into urban transport

THE streets of Beijing are thronged with two-wheeled contraptions. Some appear to be conventional petrol mopeds but as they zoom through red lights at pedestrian crossings their eerie silence and lack of exhaust reveals them as electric. Executives in suits cruise by on electric kick-scooters, looking like big kids on their way to school, though […]

Waiting for Peter Thiel: big tech directors miss shareholder meetings

Waiting for Peter Thiel: big tech directors miss shareholder meetings

BOSTON (Reuters) – Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance. FILE PHOTO: Paypal co-founder Peter Thiel speaks at the […]

Largest banks clear U.S. Fed's toughest annual stress tests

Largest banks clear U.S. Fed's toughest annual stress tests

WASHINGTON (Reuters) – The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. FILE PHOTO: The seal for the Board of Governors of the […]

Trump greets EU trade reprisals with threat of steep auto tariff

Trump greets EU trade reprisals with threat of steep auto tariff

WASHINGTON (Reuters) – President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $ […]

Largest U.S. banks clear first hurdle in Fed's toughest annual stress tests

Largest U.S. banks clear first hurdle in Fed's toughest annual stress tests

WASHINGTON (Reuters) – The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve […]

Investors poured $7.54 billion into equity ETFs after rocky G7 meeting: ICI

Investors poured $7.54 billion into equity ETFs after rocky G7 meeting: ICI

NEW YORK (Reuters) – Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $ 7.54 billion of net new cash in the week ended June 13, according to Investment Company Institute data released on Wednesday. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) […]

Do Britain’s railways need a Fat Controller?

Do Britain’s railways need a Fat Controller?

ON MAY 20th, the biggest changes to train timetables in modern British history took place, affecting commuters and business travellers across the country. In the weeks beforehand, the train-operating companies had been spinning the changes as good news for passengers due to an increase in the number of services offered. Journalists were being hosted on […]

How U.S. tax reform rewards companies that shift profit to tax havens

How U.S. tax reform rewards companies that shift profit to tax havens

(Reuters) – The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the […]