News

Knorr-Bremse discloses dispute with Bosch in IPO prospectus

MUNICH (Reuters) – German brake maker Knorr-Bremse [STELLG.UL] has disclosed a contractual dispute with Robert Bosch GmbH [ROBG.UL] ahead of a stock market flotation that could raise up to 4.2 billion euros ($4.9 billion). Bosch parking deck is pictured near airport in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle Knorr said Bosch,…

Continue reading

News

Point72 sexism case to be arbitrated, lawsuit is dismissed

NEW YORK (Reuters) – A female vice president at Point72 Asset Management LP will pursue her sexism claims against the hedge fund firm run by billionaire investor Steven A. Cohen before a private arbitrator and has dismissed her federal lawsuit. FILE PHOTO: Steven A. Cohen, Chairman and CEO of Point72 Asset Management,…

Continue reading

News

Wall Street flat; Italy budget woes hit Europe, boost dollar

NEW YORK (Reuters) – The U.S. dollar rose on Friday as the euro fell on deepening worries about an Italian budget with a higher-than-expected deficit target, which also slammed European stocks. Wall Street ended flat, pulling back from early gains after Facebook disclosed a security breach. Tesla shares lost 13.9 percent after…

Continue reading

News

Google CEO will testify before U.S. House on bias accusations

WASHINGTON (Reuters) – Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives and will also attend a meeting with President Donald Trump, government officials said on Friday. Google CEO Sundar Pichai speaks on…

Continue reading

News

CBS faces New York probe tied to ex-CEO Leslie Moonves

(Reuters) – CBS Corp is facing probes by both New York city and state officials tied to sexual assault and harassment accusations of its ex-chief executive Leslie Moonves, the company revealed in a regulatory filing on Friday evening. The disclosure of the probes comes just hours after the new CBS board of…

Continue reading