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U.S. Steel Delays Construction Of Electric Arc Furnace In Alabama Due To Challenging Market Conditions In Oil, Gas And Steel Industries
JP Morgan To Pay $150 Million, Settle London Whale Lawsuit
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
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Scotiabank Considering Options For Its Stake In Thanachart Bank, Part Of Strategic Shift Of Company's Asia-Pacific Operations
The Bank of Nova Scotia (Scotiabank) has announced in a press release that it may consider strategic options for its 49 percent stake in Thanachart Bank Public Company Limited.
BioMarin Says FDA Will Delay Decision On New Drug Application, Action Anticipated In Early January 2016
BioMarin Pharmaceuticals Inc. has announced in a press release that the U.S. Food and Drug Administration (FDA) will be delaying its decision on the company’s new drug application.
Citigroup Plans To Cut 2,000 Jobs Next Month, Part Of Efforts To Restructure Company
Citigroup Inc.is planning to cut at least 2,000 jobs beginning next month, a substantial portion of which will be in middle of back-office positions, a person briefed on the plans told Bloomberg.
GE Postpones Decision Regarding Transfer Of Headquarters, Will Announce Decision In January
General Electric Co. has postponed its decision regarding whether it would move its headquarters out of Fairfield, Connecticut, or not, according to a report from the Hartford Courant.
Pandora Announces Plan To Pay 15 Percent More To Artists Whose Music They Are Streaming
Pandora's new royalty rates represent a 15 percent increase over the company's 2015 effective per-performance payment system.
ChemChina Improves Offer To Buy Syngenta, Annouces Plan To Purchase Company In 2 Stages
China National Chemical Corp. (ChemChina) has improved its offer to acquire Syngenta AG and mark the biggest acquisition by a Chinese company, people with knowledge of the matter told Bloomberg.
Century Aluminum Reaches Power Agreement With Santee Cooper, Mt. Holly Smelter To Operate At Half Capacity
Century Aluminum Company has said in a press release that Century Aluminum of South Carolina, Inc., its wholly-owned subsidiary, has reached an agreement in principle with Santee Cooper.
USW Reaches Tentative Agreement With U.S. Steel, Contract Awaiting Ratification From Members
The United Steelworkers (USW) has announced in a press release that the union’s bargaining committee has reached a tentative agreement on a new contract with U.S. Steel Corporation that will cover 18,000 workers at more than a dozen facilities.
Amazon Looking To Launch Air Delivery Business To Avoid Delays From Carriers
Amazon.com, Inc. is looking to launch its own air delivery service, as the company is negotiating to lease 20 Boeing 767 jets, cargo industry executives told The Seattle Times.
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