Business articles

Former GE boss drops out of Uber CEO hunt

Former GE CEO Jeff Immelt, whose name was on the shortlist to replace ousted Travis Kalanick at Uber, on Sunday removed himself from the running for the top job at the ride-hailing giant.

At Jackson Hole, Yellen defends post-crisis regulations

Federal Reserve Chair Janet Yellen on Friday defended regulations adopted after the 2008 financial meltdown, saying they promoted stability and growth, effectively rebutting White House calls for a roll-back.

Samsung eyes reset with new Galaxy Note

Samsung on Wednesday unveiled a new model of its Galaxy Note as it seeks to leave behind the debacle over exploding batteries in the previous generation of the device, and mount a renewed challenge to Apple and its soon-to-come iPhone 8.

US debt rating in doubt, Fitch warns

The top ‘AAA’ long-term debt rating of the United States will be in danger if lawmakers do not raise borrowing limits in a timely fashion, ratings agency Fitch warned Wednesday.

Brazil announces flood of privatizations

A wave of privatizations announced by Brazil’s President Michel Temer has fired up the stock market with hopes of economic renewal, but critics fear an irresponsible fire sale.
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