Friday, 3 July 2020

Daily Investor Update: Exclusive: JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

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Exclusive: JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

JPMorgan Chase & Co is eliminating terms like "blacklist," "master" and "slave" from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move.

Embraer union seeks planemaker's board ouster after failed Boeing deal

A union representing workers at Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a $4.2 billion deal with Boeing Co collapsed amid the pandemic, claims the Brazilian planemaker said were an act of "bad faith."

Air France and sister airline to cut 7,580 jobs

Air France confirmed plans to cut some 7,500 jobs including 1,000 at sister airline HOP! on Friday, as staff protested over its response to the collapse in travel due to the coronavirus pandemic.

Air France and HOP! airlines to cut 7,580 jobs

Air France plans to cut just over 7,500 jobs following the coronavirus-related collapse in air travel, the flag carrier said on Friday.

Canada's biggest banks join boycott of Facebook platforms

Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to block hate speech.

Turkish suspect tells court Ghosn mused on Hollywood movie of escape from Japan

A Turkish jet executive on trial over Carlos Ghosn's dramatic escape from Japan told a court on Friday that the former Nissan boss spoke about Hollywood making a movie of his getaway as he flew in a private jet to Beirut.

Rolls-Royce reviewing balance sheet options after COVID-19 hit

British aerospace engineer Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic.

Oil falls below $43/bbl on virus fears, still heads for weekly gain

Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.

Daimler seeks to sell French factory in production overhaul

Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France's finance minister to urge the company to reconsider.

Fiat, PSA stick to merger deal after dividend cut report

Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders.

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