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December 19, 2018 8:39 AM SoftBank Corp sees no tech impact from not using Huawei gear

(Reuters) - SoftBank Corp does not expect any technology impact if it does not use 5G network gear from Chinese tech giant Huawei [HWT.UL] and had found the same level of quality from other vendors, an executive said at a press conference on Wednesday. The Japanese telecom operator said it had not made a decision on switching from Chinese equipment makers 144

December 13, 2018 5:16 PM Delta Air Lines shares drop on weak revenue outlook

(Reuters) - Shares in U.S. carrier Delta Air Lines Inc (DAL.N) dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline’s revenue growth in 2019 despite strong travel demand. At its investor day, Atlanta-based Delta forecast a 4 to 6 percent rise in revenues, compared to an average 5.6 percent 81

November 30, 2018 8:59 PM Chelsea, New England Revolution announce antisemitism match in U.S

Chelsea and the New England Revolution have confirmed they will play a friendly as part of their campaign against antisemitism. The match, dubbed "Game for Change," will be played in Spring of 2019 at Gillette Stadium in Foxborough, Massachusetts. "I am proud of the work Chelsea does to promote equality and tackle discrimination all over the world 105

November 26, 2018 3:54 PM Esprit to cut jobs, products as part of turnaround plan

(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 99

November 23, 2018 4:20 PM Citigroup, JPMorgan to pay $182.5 million to settle rate-rigging lawsuit

NEW YORK (Reuters) - Citigroup Inc and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark. A preliminary settlement addressing the banks’ alleged manipulation of the European Interbank Offered Rate, or Euribor 86

November 19, 2018 4:00 AM Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

SINGAPORE (Reuters) - Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media 95

November 16, 2018 12:18 PM U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg

COPENHAGEN (Reuters) - U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank’s Estonia branch, which is at the center of a money laundering scandal, Bloomberg reported on Friday citing sources. Danske Bank said last month it faced a U.S. criminal investigation 90

November 13, 2018 4:39 PM Impact of U.S. court ruling on Keystone XL timing unclear: TransCanada

(Reuters) - TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing remains unclear, the company’s top crude pipeline executive said on Tuesday. “We’re going through the decisions, we’re reviewing the deficiencies to determine how best to address the deficiencies 82

November 13, 2018 4:16 PM WeWork gets $3 billion in new funding from SoftBank

(Reuters) - U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters. The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15. WeWork in July said it had raised 111

November 8, 2018 6:51 PM Wells Fargo to combine private bank with ultra-rich client business

(Reuters) - Wells Fargo & Co (WFC.N) said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named. As part of the plans, the bank will also create a new unit under wealth management for its direct-to-client 72