Labor group accuses Google of illegally firing workers to stifle unionism

SAN FRANCISCO (Reuters) – The Communications Workers of America union filed a federal labor charge against Alphabet Inc’s (GOOGL.O) Google on Thursday, accusing the company of unlawfully firing four employees to deter workers from engaging in union activities. The complaint, seen by Reuters, will trigger a National Labor Relations Board (NLRB) investigation into whether Google violated the four individuals’ right […]

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OPEC and Russia Agree to Cuts in Oil Production to Push Up Prices

The Organization of the Petroleum Exporting Countries and Russia agreed on Thursday to make further small cuts in oil production to firm up crude prices and compensate for higher output from the United States and other producers outside the cartel. Meeting in Vienna, the cartel and Russia decided to deepen recurring cuts over the last three years by an additional […]

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Trump upbeat on U.S.-China talks as Beijing underscores tariff-cut demands

WASHINGTON/BEIJING (Reuters) – U.S.-China trade talks are “moving right along,” President Donald Trump said on Thursday, striking an upbeat tone even as Chinese officials held fast to their line that existing tariffs must come off as part of an interim deal to de-escalate the 17-month trade war between the two powers. “It’s moving along very well,” Trump told reporters when […]

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Timeline: Saudi Aramco's winding road to an IPO

(Reuters) – State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world’s biggest flotation by raising more than Alibaba’s (BABA.N) $25 billion listing in 2014. Here are key events in the Saudi state oil giant’s planned stock market debut. Dec 5, 2019 – Saudi Aramco announces the […]

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S&P raise main credit rating for Permanent TSB in nearly a decade

Privatising Permanent TSB will likely take several years given its “weak profitability”, ratings agency S&P said today as it raised the bank’s credit rating to investment grade. Earlier, rival agency Moody’s upgraded ratings for PTSB, Bank of Ireland and AIB. The upgrades helped lift Irish bank shares. Permanent TSB rose by 8.1pc to €1.04 a share, AIB by 2.45pc to […]

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Billionaire Lawrence Stroll seeks big stake in Aston Martin: report

LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British secret agent James Bond, has seen its shares slump since […]

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United Airlines picks Scott Kirby to replace Oscar Munoz as CEO

(Reuters) – United Airlines Holdings Inc (UAL.O) on Thursday named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive chairman in May 2020. Munoz, who took over as CEO of Chicago-based United in September 2015, recruited Kirby as the airline’s president in 2016 from rival American Airlines Group Inc (AAL.O). […]

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How a Preacher’s Grandson From Rural Georgia Grew Up to Lead Cisco

When the Business Roundtable issued a statement in August arguing that companies should no longer advance only the interests of shareholders, Cisco’s chief executive, Chuck Robbins, was among those acclaiming the release as a seminal moment for corporate America. Yes, Mr. Robbins is a board member of the Business Roundtable, a lobbying organization that represents many of America’s largest companies, […]

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