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European Executives Fight to Get Equal Pay for Women

Nov.15 -- The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman. Some European business executives say they are well aware of the problem and are trying solve it.

  • Yemen's rival powers battle over banknotes
    News
    Reuters

    Yemen's rival powers battle over banknotes

    SANAA/ADEN (Reuters) - Yemen's warring sides opened a new front in their five-year conflict on Saturday - a battle over old and new banknotes that threatens to create two economies in the same state. As of midnight, the Houthi movement which controls the capital Sanaa outlawed the use and possession

  • Toshiba finds doubtful transactions in unit, to revise past statements
    Finance
    Reuters

    Toshiba finds doubtful transactions in unit, to revise past statements

    Toshiba Corp said on Saturday it "could not confirm existence" of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past financial statements. The irregularities, which occurred over multiple years

  • Cheapest supermarket of 2019 revealed
    Finance
    PA Media: Money

    Cheapest supermarket of 2019 revealed

    Consumer group Which? tracked thousands of branded grocery prices across six major supermarkets throughout the year.

  • 2019 caps fifth year of falling sales for retailers
    Finance
    PA Media: Money

    2019 caps fifth year of falling sales for retailers

    The poor figures follow restricted spending by consumers, who are instead channelling more of their income into services and experiences.

  • Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
    Finance
    Reuters

    Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

    Morgan Stanley Chief Executive James Gorman is receiving $27 million (20.75 million pounds) in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. The board, which decides the top executives

  • Phase-One Language May Suggest Obstacles Ahead, says Froman
    Finance
    Bloomberg UK

    Phase-One Language May Suggest Obstacles Ahead, says Froman

    Jan.17 -- Michael Froman, Former U.S. Trade Representative, discusses the completion of phase one of a U.S.-China trade deal with Afsaneh Beschloss, RockCreek Group Chief Executive Officer and Sam Palmisano, Former IBM Chief Executive Officer, and David Westin on "Bloomberg Wall Street Week."

  • Data and Measurement Remain Challenges for ESG Investment, says Karp
    Finance
    Bloomberg UK

    Data and Measurement Remain Challenges for ESG Investment, says Karp

    Jan.17 -- Erika Karp, Cornerstone Capital Group CEO, identifies the myths that are typically associated with ESG investment. She speaks with Afsaneh Beschloss, RockCreek Group Chief Executive Officer and Sam Palmisano, Former IBM Chief Executive Officer, and David Westin on "Bloomberg Wall Street

  • Private Equity Needs More Long-Term Models of Capital, says Beschloss
    Finance
    Bloomberg UK

    Private Equity Needs More Long-Term Models of Capital, says Beschloss

    Jan.17 -- Afsaneh Beschloss, RockCreek Group Chief Executive Officer and Sam Palmisano, Former IBM Chief Executive Officer, discuss Leon Black's legacy at Apollo and criticism surrounding private equity firms' models of capital. They spoke with David Westin on "Bloomberg Wall Street Week

  • Cowen Clients Are Buying Stocks Because There's No Alternative, CEO Says
    Finance
    Bloomberg UK

    Cowen Clients Are Buying Stocks Because There's No Alternative, CEO Says

    Jan.17 -- Jeffrey Solomon, Cowen Inc. chairman and chief executive officer, discusses the state of financial markets and the economic impact of the phase-one U.S.-China trade deal. He speaks with Bloomberg's Scarlet Fu, Romaine Bostick and Joe Weisenthal on "Bloomberg Markets: What'd You

  • Cowen CEO Solomon Optimistic About Biotech, Cannabis and 5G
    Finance
    Bloomberg UK

    Cowen CEO Solomon Optimistic About Biotech, Cannabis and 5G

    Jan.17 -- Jeffrey Solomon, Cowen Inc. chairman and chief executive officer, discusses his optimism about personalized medicine, the outlook for the cannabis industry and the rollout of 5G wireless technology. He speaks with Bloomberg's Scarlet Fu, Romaine Bostick and Joe Weisenthal on "Bloomberg

  • Javid aims to double UK growth after Brexit - FT
    News
    Reuters

    Javid aims to double UK growth after Brexit - FT

    British finance minister Sajid Javid is aiming to roughly double the country's underlying rate of economic growth after it leaves the European Union, but will not champion big manufacturing sectors that want to stick to EU rules. In an interview with the Financial Times before he travels to meet

  • New Law Lets Renters Skip Security Deposits
    Finance
    Bloomberg UK

    New Law Lets Renters Skip Security Deposits

    Jan.17 -- A new law in Cincinnati allows renters to avoid paying upfront security deposits for homes. It’s expected to save residents of the Ohio city more than $100 million over two years, according to projections from Rhino, a startup dedicated to providing insurance to renters. Ankur Jain, the chief

  • Financial sector should focus on reducing inequality, IMF says, citing risks to world economy
    Finance
    Reuters

    Financial sector should focus on reducing inequality, IMF says, citing risks to world economy

    The world's financial sector should take rapid steps to address record or near-record inequality levels within countries that new research shows could be a harbinger of a new financial crisis, the head of the International Monetary Fund said Friday. IMF Managing Director Kristalina Georgieva issued

  • KKR Takes Rare Activist Step, Plans Push for Changes at Dave & Buster’s
    Finance
    Bloomberg UK

    KKR Takes Rare Activist Step, Plans Push for Changes at Dave & Buster’s

    Jan.17 -- Private equity giant KKR & Co. took the unusual step to disclose plans to push for changes at Dave & Buster’s Entertainment Inc. Shares in the U.S. restaurant chain soared as much as 16% to the highest level since June. Bloomberg's Scott Deveau reports on "Bloomberg Markets: The Close

  • Verizon Wants to Give Optionality to Customers, CEO Vestberg Says
    Finance
    Bloomberg UK

    Verizon Wants to Give Optionality to Customers, CEO Vestberg Says

    Jan.17 -- Hans Vestberg, Verizon Communications Inc. chief executive officer, discusses how Verizon is adapting to the streaming era and its partnership with Amazon.com Inc. He speaks with Bloomberg's Romaine Bostick and Scarlet Fu on "Bloomberg Markets: The Close."

  • Boeing addresses new 737 MAX software issue that could keep plane grounded longer
    Finance
    Reuters

    Boeing addresses new 737 MAX software issue that could keep plane grounded longer

    Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane's return to service. "We are making necessary updates," Boeing

  • Italy's Atlantia ready to discuss motorway contract changes -sources
    Finance
    Reuters

    Italy's Atlantia ready to discuss motorway contract changes -sources

    Atlantia has indicated to the Italian government it is prepared to discuss changes to the motorway contract held by its Autostrade per l'Italia unit to end a standoff over its tollway concession, two sources close to the matter said on Friday. The Italian infrastructure group, controlled by the

  • Deutsche Bank Cuts Investment Bank Bonuses by About 30%
    Finance
    Bloomberg UK

    Deutsche Bank Cuts Investment Bank Bonuses by About 30%

    Jan.17 -- Deutsche Bank AG is cutting the bonus pool at its investment bank by about 30%, deepening pay reductions after a tumultuous year that saw the lender embark on a huge restructuring. Bloomberg's Michael Moore has the details on "Bloomberg Markets."

  • IMF boss says global economy risks return of Great Depression
    Finance
    The Guardian

    IMF boss says global economy risks return of Great Depression

    IMF boss says global economy risks return of Great Depression. Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gap

  • Judge slashes $8 billion Risperdal award against Johnson & Johnson to $6.8 million
    Finance
    Reuters

    Judge slashes $8 billion Risperdal award against Johnson & Johnson to $6.8 million

    Judge Kenneth Powell of the Philadelphia Court of Common Pleas reduced the payout that a jury awarded Oct. 8 to the plaintiff Nicholas Murray, a Maryland resident. Lawyers for Murray have said the punitive damages award was the first in thousands of lawsuits against Johnson & Johnson's Janssen Pharmaceuticals

  • Former Neil Woodford fund to reopen 'no later than February'
    Finance
    The Guardian

    Former Neil Woodford fund to reopen 'no later than February'

    Former Neil Woodford fund to reopen 'no later than February'. Smaller LF Woodford Income Focus Fund worth £268m was frozen as crisis deepened

  • FTSE 100 pushes to six-month high as traders welcome China data
    Finance
    PA Media: Money

    FTSE 100 pushes to six-month high as traders welcome China data

    The FTSE 100 rose 64.75 points, or 0.85%, to 7674.56.

  • Police to use computer-generated child sex abuse images as part of paedophile investigations
    Finance
    The Independent

    Police to use computer-generated child sex abuse images as part of paedophile investigations

    German investigators have been given permission to use computer-generated child sex abuse images as they attempt to catch paedophiles.Police will be allowed to use the virtual imagery as they attempt to gain access to internet communities they suspect of distributing child abuse materials, after a vote

  • Why State Street’s $20 Billion Dividend ETF Must Drop Two Stocks
    Finance
    Bloomberg UK

    Why State Street’s $20 Billion Dividend ETF Must Drop Two Stocks

    Jan.17 -- State Street’s SPDR S&P Dividend ETF will likely have to sell off large stakes in Meredith Corp. and Tanger Factory Outlet Centers Inc. Bloomberg Intelligence’s James Seyffart has the details on "Bloomberg Markets."