Thursday 22 October 2020

Goldman to pay $3 billion, claw back executive pay over role in 1MDB corruption scandal

Goldman to pay $3 billion, claw back executive pay over role in 1MDB corruption scandal

Goldman Sachs Group Inc on Thursday said it was clawing back $174 million in executive compensation and had agreed to pay $2.9 billion over its role in Malaysia's 1MDB corruption scandal, lifting a cloud that has hung over the bank for years.

Trump orders review of auto parts firm pension cuts

U.S. President Donald Trump ordered a review of decade-old pension cuts to some retirees at a former General Motors parts unit.

Analysis: Is PayPal's crypto move a game-changer for bitcoin? Probably not, say experts

PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.

U.S. business borrowing for equipment falls 13% in September: ELFA

U.S. companies' borrowings for capital investments fell about 13% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday.

Wall Street gains, long-dated Treasury yields rise on stimulus progress

U.S. stocks oscillated for much of the session on Thursday but turned positive by mid-afternoon on optimism about an imminent U.S. fiscal stimulus deal, as global COVID-19 cases surged.

Coca-Cola emerges from lockdown blues as out-of-home demand recovers

Coca-Cola Co beat revenue and profit expectations on Thursday as a partial reopening of theaters and restaurants boosted demand and helped the world's largest soda maker bounce back from a shattering second quarter.

Permanently remote workers seen doubling in 2021 due to pandemic productivity: survey

The percentage of workers around the world that is permanently working from home is expected to double in 2021 as productivity has increased during the coronavirus pandemic, according to a survey from U.S.-based Enterprise Technology Research (ETR).

Union Pacific posts soft quarterly profit, shares sink

Union Pacific Corp on Thursday reported a bigger-than- expected drop in quarterly profit, after demand for e-commerce and beer shipments failed to offset weakness in coal and petroleum carloads, and shares fell 6%.

Airbus asks suppliers to be ready to up output when market recovers

Airbus has asked suppliers to be ready to support a conditional 18% increase in production of its best-selling single-aisle A320 jet family to 47 jets a month as early as the second half of 2020, the European planemaker said on Thursday.

Analysis: U.S. Supreme Court's rightward move could benefit oil and gas interests

The addition of Amy Coney Barrett to the Supreme Court, moving it further rightward, could have significant consequences for U.S. climate change policy and complicate the government's ability to regulate pollution, according to legal experts.

Related Videos

Coca-Cola emerges from lockdown blues

Pernod Ricard: virus will keep hurting into 2021

ServiceNow Native Unit.jpg
Sponsored by ServiceNow: Building for the Future

Join this ServiceNow sponsored webinar on October 28th | 11am - 12pm EST to learn about their newest product launch.

Sign Up Today