GE Disbands Corporate Audit Program
General Electric is disbanding its Corporate Audit Staff program, a rigorous multiyear rotation through various divisions that the conglomerate has long used to groom future leaders.
Louis Dreyfus Company to Sell Stake to Abu Dhabi Fund
The owner of Louis Dreyfus Company, one of the world's largest commodities traders, has agreed to sell a 45% indirect stake in the company to Abu Dhabi sovereign wealth fund ADQ.
U.K. Proposes New Powers to Curb Foreign Takeovers of Strategic Companies
Britain proposed new legislation to bolster its powers to block foreign takeovers, becomes the latest European country to follow the U.S. in trying to shield companies deemed important to national security.
Masayoshi Son Again Pulled Softbank From the Brink. This Time He Had Help.
The world's largest and most unpredictable technology investor was coached out of the crisis by hedge fund Elliott Management, a major shareholder, and is sitting on a $60 billion cash pile. Now it's Elliott's turn to worry.
TikTok Asks Court to Extend U.S. Government's Divestiture Deadline
TikTok's Chinese parent company asked a U.S. appeals court for more time to work out a potential divestiture of the popular video-sharing app, citing a lack of communication from the Trump administration as a Thursday deadline looms.
Revlon Working With Restructuring Adviser Alvarez as Bondholders Mull Debt Offer
The cosmetics company is still trying to bring bondholders on board with a restructuring proposal, and avoid bankruptcy.
A Big Chinese Bank Is Selling Bonds That Can Be Bought With Cash or Bitcoin
China Construction Bank is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using U.S. dollars or bitcoin.
Lyft's Business Picks Up From Pandemic Lows
The pandemic continued to weigh on the ride-hailing company, though its active riders and revenue improved from the preceding quarter as lockdowns eased in some key cities.
Continental Warns on Profit, Further Restructuring
Continental provided new guidance for 2020 including lower sales and a smaller adjusted earnings margin, and warned that earnings will take a hit in the fourth quarter.
ABN AMRO Cuts Impairment View After Profit Beat
ABN AMRO reported a market-beating third quarter net profit after booking lower impairments, and trimmed its total write-off forecast to EUR2.5 billion for the year.
(END) Dow Jones Newswires