Rolls-Royce to cut up to 2,500 jobs in latest efficiency drive

[ad_1] To reduce workforce by up to 6% CTO Grazia Vittadini to leave in April Shares up 2% LONDON, Oct 17 (Reuters) – Rolls-Royce (RR.L) said on Tuesday it would…

Country Garden on brink of default as payment deadline nears

[ad_1] HONG KONG, Oct 17 (Reuters) – Country Garden’s (2007.HK) entire offshore debt will be deemed to be in default if China’s largest private property developer fails to make a…

Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation

[ad_1] Oct 16 (Reuters) – Debt-laden Rite Aid (RAD.N) filed for bankruptcy protection on Sunday and said it would close underperforming stores, as the drugstore chain comes under pressure from…

Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch’s News Corp

[ad_1] A view of the signage outside the News Corporation building, after it was announced that Rupert Murdoch would step down as chairman of News Corp and Fox in favour…

Proxy adviser Glass Lewis backs Mediobanca outgoing board’s slate for board renewal

[ad_1] Italian bank Mediobanca’s headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo Acquire Licensing Rights MILAN, Oct 13 (Reuters) – Proxy adviser Glass Lewis said on Friday…

Airbus reshapes operational roles after revamping jetmaking arm

[ad_1] An Airbus A350 is seen on the tarmac ahead of the opening of the International Aerospace Exhibition ILA at Schoenefeld Airport in Berlin, Germany, June 21, 2022. REUTERS/Christian Mang…

Proxy adviser ISS backs Mediobanca’s outgoing board slate for board renewal

[ad_1] A logo of Mediobanca is seen in Milan, Italy November 8, 2019. REUTERS/Flavio Lo Scalzo/ File Photo Acquire Licensing Rights MILAN, Oct 11 (Reuters) – Proxy adviser Institutional Shareholder…

Ally Financial’s CEO to step down early next year, shares drop

[ad_1] Oct 11 (Reuters) – Ally Financial (ALLY.N) said on Wednesday Jeffrey Brown would be stepping down as chief executive officer early next year, sending the financial services firm’s shares…

Saudi Arabia taps Moaath Alangari to lead Saudi business

[ad_1] NEW YORK/DUBAI, Oct 9 (Reuters) – Moelis & Co (MC.N) has hired a banker from Saudi National Bank’s investment banking arm to head its business in Saudi Arabia, a…

Swiss bank Julius Baer overhauls management with UBS, internal appointments

[ad_1] The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights ZURICH, Oct 9 (Reuters)…