Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion
Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2...
JPMorgan banker testifying for cartel prosecutors says there was no agreement
A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but...
Italy’s Atlantia interested in relaunch not rescue of Alitalia: paper
Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said...
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard...
SoftBank’s Son cleaves to guts-led investing in chat with Alibaba’s Ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a...
Returning General Motors workers seen boosting U.S. November payrolls
U.S. job growth likely accelerated in November as former striking workers returned to General Motors’ payrolls, which would confirm that the economy remained on a...
Labor group accuses Google of sacking workers to deter unionism
The Communications Workers of America union filed a federal labor charge against Alphabet Inc’s Google on Thursday, accusing the company of unlawfully firing four employees...
Uber says it received over 3,000 reports of sexual assault in U.S. in 2018
Ride-hailing firm Uber Technologies Inc on Thursday said it had received more than 3,000 reports of sexual assault, including rape, related to its trips in...
Asian shares firm, oil near two-month high after deeper output cut
Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat...
Wall Street inches higher as Dec. 15 tariff deadline looms
Wall Street eked out slight gains on Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and...