Deutsche Bank CEO seeks to reassure staff over market concerns

FRANKFURT (Reuters) - Deutsche Bank Chief Executive John Cryan on Friday moved to reassure staff after shares in Germany's largest lender hit an historic low amid renewed concerns over its stability.

from Reuters: Top News http://ift.tt/2dbBJ7A
via IFTTT

Wells Fargo CEO forfeits millions as board orders review

(Reuters) - Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.

from Reuters: Top News http://ift.tt/2deaGba
via IFTTT

Senators accuse Yahoo of 'unacceptable' delay in hack discovery

WASHINGTON (Reuters) - Six Democratic U.S. senators on Tuesday said it was "unacceptable" that Yahoo only last week announced a 2014 hack into 500 million user accounts and asked embattled CEO Marissa Mayer for more information about the company's investigation into the data breach.

from Reuters: Top News http://ift.tt/2dh0f4I
via IFTTT

Lawmakers blast Mylan CEO over 'sickening' EpiPen price hikes

WASHINGTON (Reuters) - U.S. lawmakers on Wednesday blasted Mylan NV Chief Executive Heather Bresch for sharply increasing prices for the EpiPen emergency allergy treatment at a congressional hearing in which Republicans and Democrats questioned the reasons behind rising U.S. drug costs. The House Committee on Oversight and Government Reform called Bresch to testify in the wake of public outrage over EpiPen, whose list price has risen to $600 for a pair of the devices compared with $100 in 200

from Reuters: Top News http://ift.tt/2cpnPjL
via IFTTT

Wells Fargo CEO to take 'full responsibility' in Senate hearing: NY Times

(Reuters) - Wells Fargo & Co's chief executive, John Stumpf, will tell U.S. senators on Tuesday that he is "deeply sorry" for selling customers unauthorized bank accounts and credit cards and that he would take "full responsibility" for the unethical activity, the New York Times reported on Monday.

from Reuters: Top News http://ift.tt/2cDyllC
via IFTTT

Political? Mais oui, of course, EU insiders say of Apple case

BRUSSELS (Reuters) - The European Commission denies that its shock demand that Apple Inc. hand 13 billion euros in back taxes to Ireland is, in the pungent phrase of Apple CEO Tim Cook, "total political crap".

from Reuters: Top News http://ift.tt/2bMh8ZZ
via IFTTT

EU ruling on Apple's Irish tax is 'total political crap': CEO

DUBLIN/BRUSSELS (Reuters) - Apple's Chief Executive Tim Cook described an EU ruling that it must pay a huge tax bill to Ireland as "total political crap", but France joined Germany on Thursday in backing Brussels as transatlantic tensions grow.

from Reuters: Top News http://ift.tt/2bT1O8Y
via IFTTT