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Europe Must Spend More Wisely By Consolidating Weapons Systems Merkel Says

BERLIN – Europe must work over coming years and decades to harmonize the many different weapons systems its armed forces deploy, both to use military budgets more...

Softbanks Vision Fund To Invest 1 Billion In China Ai Startup Bloomberg

– SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer,...

Kimberly-clark Weighs Sale Of European Tissues Business Sources

– Kimberly-Clark Corp (KMB.N) is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable...

All Britains Poundworld Stores To Close Administrator

LONDON – All British discount retailer Poundworld’s stores will close by the middle of next month with the loss of thousands of jobs, the company’s...

Tesla Says Model 3 Refunds Not Outpacing Deposits

– Tesla Inc (TSLA.O) denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by...

Wells Fargo In Process Of Refunding Customers For Add-on Products Wsj

– Wells Fargo & Co (WFC.N) is in the process of refunding millions of dollars to customers for adding services to their accounts without their full...

Indias Federal Police Charge Former Finance Minister Chidambaram Over Telecoms Deal

NEW DELHI – India’s federal police have charged former finance minister P. Chidambaram with abuse of his official position and criminal conspiracy over the...

Us Regulatory Panel Gives Zions Bancorp Green Light To Shed Fed Oversight

WASHINGTON – A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp’s petition to shed Federal Reserve oversight on the...

Ex-point72 Portfolio Manager To Launch Macro Hedge Fund Entheos Sources

NEW YORK – Erik Cetrulo, a former portfolio manager at Steven Cohen’s Point72 Asset Management, is raising funds for a global macro discretionary hedge fund...

Amex Rewards Program Costs Cloud Strong Quarterly Results

– American Express Co (AXP.N) reported a steep rise in quarterly expenses as the credit card issuer spent more to fund its rewards program, overshadowing its...