Month: June 2018

(Reuters) – Verizon Communications Inc named Chief Technology Officer and former Ericsson boss Hans Vestberg as its new Chief Executive on Friday, saying he will replace current CEO Lowell McAdam on Aug. 1.

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(Reuters) – Verizon Communications Inc named Chief Technology Officer and former Ericsson boss Hans Vestberg as its new Chief Executive on Friday, saying he will replace current CEO Lowell McAdam on Aug. 1.

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NEW YORK (Reuters) – For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs of squeezing profit margins across corporate America, leading investors to punish companies whose results are deteriorating.

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HONG KONG/SHENZHEN, China (Reuters) – The chairman of ZTE Corp apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a supplier ban that has crippled its business.

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LONDON (Reuters) – BT Group’s Chief Executive Gavin Patterson will step down this year after its chairman said a new leader was needed to restructure Britain’s biggest broadband and mobile provider.

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KUALA LUMPUR (Reuters) – Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources familiar with the matter said on Friday.

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(Reuters) – Apple Inc has asked its supply chain to manufacture about 20 percent fewer components for iPhones in the latter half of 2018, the Nikkei Asian Review on Friday cited industry sources as saying, sending the iPhone maker’s stock down 2 percent.

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TOKYO (Reuters) – Japan’s Mitsubishi Materials Corp said on Friday it has found fresh cases of misconduct at its Naoshima copper smelter and refinery in western Japan and the plant’s Japanese Industrial Standards (JIS) certification has been revoked.

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LONDON (Reuters) – Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the rules have been “refined” following investor criticism.

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LONDON (Reuters) – Standard Chartered compliance chief Neil Barry will leave the bank with immediate effect, according to an internal memo seen by Reuters, after an investigation into his behavior.

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LONDON (Reuters) – Iran criticized a U.S. request that Saudi Arabia pump more oil to cover a drop in Iranian exports and predicted OPEC would not heed the appeal, setting the stage for a tough meeting of the producer group later this month.

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WOLFSBURG, Germany (Reuters) – Volkswagen’s powerful works council will continue to block the potential sale of specialist industrial assets and instead seek to work with the carmaker’s new chief executive to develop them, its labour leader told Reuters.

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HONG KONG/SHENZHEN (Reuters) – The chairman of ZTE Corp apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a ban that has crippled key businesses, including smartphones.

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LONDON (Reuters) – Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the new rules have been tightened following criticism.

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