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Ford’s third-quarter China car sales rise 25% year-on-year to 164,352 units By Reuters

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© Reuters. Frankfurt hosts the international Motor Show (IAA)

BEIJING (Reuters) – Ford Motor Co (N:) said on Friday that its China vehicle sales rose 25% between July and September this year from a year earlier to 164,352 units.

The Dearborn, Michigan-based company said in a statement that the sales rise was driven by its new product launches and localisation strategy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Goldman Sachs attempted to cover up sexual misconduct, lawsuit claims By Reuters

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© Reuters. FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney

NEW YORK (Reuters) – Goldman Sachs Group Inc (N:) attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed.

The lawsuit was filed by Marla Crawford, a former associate general counsel at the bank, against Goldman Sachs, the bank’s General Counsel Karen Seymour and its Global Head of Litigation, Darrell Cafasso.

The lawsuit claimed Cafasso used his position of power to “romantically prey upon a much younger and vulnerable female colleague.”

Crawford, who was a confidant of the alleged victim, attempted to speak up about the alleged misconduct, the lawsuit said, and was subsequently fired after 10 years of “exemplary performance.”

Seymour and Goldman hired law firm Weil, Gotshal & Manges LLP to conduct an investigation with the intention to quickly “sweep it under the rug,” the lawsuit claimed. Cafasso returned to work after two weeks, while the alleged victim – who is unnamed in the lawsuit – left the bank, it said.

Seymour declined to comment. Cafasso was not available for comment.

Goldman Sachs rejected the claims in the lawsuit.

“We conducted a review of the allegations in this complaint and found that they were completely without merit,” a spokeswoman said.

“The General Counsel took all appropriate actions, including ensuring there were thorough investigations by our HR function, after the incidents that form the basis of the plaintiff’s complaint,” she added.  

As part of a broader legal division restructuring, Crawford was offered her same job in a different location, an opportunity she declined, the Goldman Sachs spokeswoman said.

In a statement issued by her lawyer, Crawford said: “As a lawyer and professional, I always try to stand up for what is right. Unfortunately for Goldman’s top lawyers, that made me a liability. I will hold Goldman and its senior lawyers accountable for the blatant retaliation perpetrated against me.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Tiffany gets EU antitrust approval for LVMH deal By Reuters

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© Reuters. Tiffany & Co. logo outside a store in Paris

(Reuters) – Tiffany & Co has received regulatory approvals from the European Commission for its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday.

The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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AIG to Spin Off Life & Retirement, Names New CEO; Shares Jump By Investing.com

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© Reuters.

By Yasin Ebrahim

Investing.com – AIG soared in after-hours trade Monday after the insurance company detailed plans to separate its life & retirement business to streamline. The company also said current President Peter Zaffino will replace Brian Duperreault as chief executive, starting Mar. 1.

American International Group  (NYSE:) was up 8% in after-hours trade.

In a further corporate shakeup, the company appointed Duperreault as executive chairman and Douglas M. Steenland, currently independent chairman as lead independent director starting March 1, 2021.

The move followed a comprehensive review of the company’s current composite structure, including strategic, operational, capital and tax implications, AIG said. As an independent company, the life & retirement business will be “well positioned to build value for shareholders by leveraging a broad product portfolio and diverse distribution to tailor its offerings to best meet the evolving needs of customers and distributors.”

The proposed spin-off separation would require the backing of regulators, shareholders and AIG directors, the company added.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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