billion-or-more

Yahoo to be named Altaba, Mayer to leave board after Verizon deal

(Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising,

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Yahoo to be named Altaba, Mayer to leave board after Verizon deal

billion-or-more

Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

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Takata failed to report 2003 air bag rupture to U.S. road authority

By David Shepardson and Paul Lienert WASHINGTON/TOKYO (Reuters) – Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators …

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Takata failed to report 2003 air bag rupture to U.S. road authority

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Former employees file class action against Wells Fargo

Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. The lawsuit on behalf of people who worked for Wells Fargo in California over the past 10 years, including current employees, focuses on those who followed the rules …

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Former employees file class action against Wells Fargo