February 9, 2019

Exclusive: Venezuela shifts oil ventures’ accounts to Russian bank – document, sources

Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia’s Gazprombank […]
February 9, 2019

Exclusive: Venezuela moves to replace U.S. executives on Citgo board – sources

Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo […]
February 9, 2019

Marriott teams up with Kuwait Projects on St. Regis resort in Morocco

United Real Estate Co., a unit of Kuwait Projects Co, and Marriott International said in a joint statement on Saturday that they had agreed to open […]
February 9, 2019

Credit Suisse investment bank won’t shrink more: chairman

Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the number two Swiss bank’s […]
February 9, 2019

U.S. court throws out BlackRock fund fees lawsuit

A U.S. federal court on Friday dismissed a lawsuit against BlackRock Inc that had accused the world’s largest fund manager of charging too much in investment […]
February 9, 2019

Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more […]
February 8, 2019

U.S. fund managers brace for consumer slowdown

With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer […]
February 8, 2019

U.S. sues Lockheed, others for alleged kickbacks on nuclear site cleanup

The United States has sued Lockheed Martin Corp, Lockheed Martin Services Inc, and Mission Support Alliance LLC, as well as a Lockheed executive for alleged false […]
February 8, 2019

EA’s ‘Fortnite’ rival wins 10 million gamers in three days

A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up 10 million players within three days of its […]
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