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  • Goldman names co-chief operating officers for Asia investment banking unit, ex-Japan

    November 29, 2018 4:01 PM 97

    (Reuters) - Goldman Sachs Group Inc (GS.N) has named Aaron Arth and Iain Drayton co-chief operating officers of its investment banking division in Asia Pacific, excluding Japan, according to a memo seen by Reuters. Arth is currently head of the financing group in Asia Pacific, excluding Japan, while Drayton leads the financial and strategic investors

  • Tokyo prosecutors plan to seek extension of Ghosn's detention: Kyodo

    November 29, 2018 9:00 AM 97

    TOKYO (Reuters) - Tokyo prosecutors plan to seek an extension of Carlos Ghosn’s detention, after the ousted chairman of Nissan Motor Co (7201.T) was arrested last week for alleged financial misconduct, Kyodo News reported on Thursday. Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, told reporters earlier that he could

  • Japan central banker mum on alleged involvement in Ghosn transaction

    November 29, 2018 6:47 AM 87

    FUKUOKA, Japan (Reuters) - A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank. Japanese tabloid Shukan Bunshun reported on Thursday that as an executive

  • U.S. court revives Mattress Firm defamation case against Sleep Number

    November 28, 2018 1:19 AM 108

    NEW YORK (Reuters) - A federal appeals court on Tuesday revived for a second time a 11-year-old defamation lawsuit by bedding retailer Mattress Firm Inc against adjustable bed maker Sleep Number Corp (SNBR.O). The 2nd U.S. Circuit Court of Appeals said a lower court judge misinterpreted New York law in dismissing claims first brought in March 2007 by Sleepy’s

  • Disney, Fox deny claims in $1 billion Malaysia theme park lawsuit

    November 27, 2018 9:39 PM 107

    (Reuters) - Walt Disney Co (DIS.N) and Twenty-First Century Fox Inc (FOXA.O) on Tuesday rejected claims in a Malaysia casino operator’s lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park. Disney and Fox said Genting Malaysia Bhd’s (GENM.KL) respective claims against them were “without

  • Trump says he expects to raise China tariffs: Wall Street Journal

    November 26, 2018 11:26 PM 94

    WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent and repeated his threat to slap tariffs on all remaining imports from China. In an interview with the Wall Street Journal four days ahead of his high-stakes meeting

  • GM says no plans at the moment to announce plant closures outside North America

    November 26, 2018 8:25 PM 87

    SAO PAULO (Reuters) - General Motors in Brazil will not announce plans to close plants outside North America “at this moment”, a representative for the company said on Monday. GM said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting

  • Esprit to cut jobs, products as part of turnaround plan

    November 26, 2018 3:54 PM 108

    (Reuters) - Esprit Holdings Ltd (0330.HK) will cut about 40 percent of its non-store jobs and reduce the number of products its sells in stores as the fashion group restructures in the wake of tough competition from online and fast-fashion retailers. The company said it plans to reduce the line of products by up to 30 percent and push for more neutral

  • Airbus hints at decision on proposed A321XLR jet next year

    November 26, 2018 2:57 PM 86

    TOULOUSE, France (Reuters) - The incoming chief executive of Europe’s Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version of its best-selling A321 single-aisle jet. Asked on the sidelines of a delivery ceremony in Toulouse whether Airbus planned to launch the proposed new variant, planemaking chief

  • Nissan says CEO did not mention need to review alliance equity structure

    November 26, 2018 7:19 AM 91

    TOKYO (Reuters) - Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with French partner Renault SA at a town hall meeting he held with staff on Monday morning. Nissan made the comment after the Nikkei business daily quoted Saikawa as telling employees that Nissan’s “tie-up