×

Wires

  • Feb 22- Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation as the company went public last year, the third-highest annual payout ever received by a company's chief executive. Spiegel's payout trails the 2007 and 2008 compensations of Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, according to ISS...

  • NEW YORK— Another former Google employee is suing the tech company over issues of diversity. Software developer Tim Chevalier, who is transgender, says he was fired for speaking up about online bullying he experienced at the company and complaining about discrimination, harassment and white supremacy on Google's internal messaging system.

  • West Texas Intermediate crude futures for April delivery rose $1.05 to $62.73 a barrel, a 1.7 percent gain, by 11:49 a.m. EST. U.S. crude inventories unexpectedly fell 1.6 million barrels in the week to Feb. 16, as net imports dropped to a record low and exports surged, according to data from the Energy Information Administration. "The reason that the inventories...

  • NEW YORK, Feb 22- World stock markets advanced on Thursday, with U.S. shares rebounding from a day earlier and bond yields easing off highs, following more cautious talk about the potential for interest rate increases this year. Oil prices also rose as the U.S. dollar hit session lows in morning trading after having touched a 10- day high, as the euro was boosted by...

  • *FTSE 100 ends down 0.4 pct. *Anglo American, BAT results disappoint. LONDON, Feb 22- Disappointing results, big stocks going ex-dividend and concerns over rising bond yields hit Britain's top share index on Thursday, pulling it to a one-week low.

  • LONDON, Feb 22- European shares fell slightly on Thursday as a flurry of corporate results failed to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates soured risk appetite globally. An hour after the open, the publication of the German business confidence index, which fell more than expected in February, and a downward...

  • LONDON, Feb 22- Barclays pays women in its international division on average half of what men earn, the British bank said on Thursday, underscoring how major financial firms still have far fewer female employees in senior roles. The mean gender pay gap in Barclays International, which houses the bank's investment banking unit, was 48 percent, Barclays said,...

  • SAN FRANCISCO, Feb 22- Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its original home-renting business. Regulators in key cities such as Berlin, London, New York and even its hometown of San Francisco have cracked down on...

  • Feb 22- U.S. crude oil stockpiles fell unexpectedly last week as net imports dropped to a record low due to a surge in exports, while inventories at the key storage hub in Cushing, Oklahoma continued to slide, the Energy Information Administration said on Thursday. "Even though refinery runs dropped below 16 million barrels per day for the first time since the...

  • LONDON, Feb 22- An ill-fated deal struck by global consultancy McKinsey in South Africa has been used by Harvard Business School as a case study for students. Trillian was controlled at the time by friends of Jacob Zuma, who was then South Africa's president. The case study, seen by Reuters and dated Jan. 7, 2018, asks students at the elite business school in the U.S....

  • BOSTON— Officials with Massachusetts' tax collection agency say a data breach that exposed private information from about 39,000 business taxpayers was twice as large as originally thought. The Massachusetts Department of Revenue tells The Boston Globe the information was viewable to other companies, potentially even competitors.

  • ATHENS, Greece— Lawmakers have approved the sale of a 67 percent stake of the Thessaloniki Port Authority in Greece's second largest city, in a deal worth 232 million euros. The consortium is comprised of Germany's Deutsche Invest Equity Partners GmbH, Greek-Russian Belterra Investments, and France's Terminal Link SAS. Thursday's approval follows the 2016...

  • NEW YORK, Feb 22- Puerto Rico should "start from scratch" rebuilding its already outdated power infrastructure after deadly Hurricane Maria last year devastated it and left citizens marooned, the U.S. central banker overseeing the island territory said on Thursday. Dudley said it will likely take "many more months" to restore electricity and critical...

  • Feb 22- Gains in technology and industrial shares helped U.S. stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest rate hikes this year. However, comments from St Louis Fed President James Bullard earlier in the day appeared to have eased some of those concerns and the benchmark 10- year U.S.

  • LONDON, Feb 22- Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains. "Sterling strength is as much a function of the dollar rally rather than any fundamental factors supporting the British currency, with Brexit...

  • Judge Andreas Korbmacher said on Thursday the country's highest federal administrative court would rule on Feb. 27 on an appeal brought by German states against bans imposed by local courts in Stuttgart and Duesseldorf over poor air quality. "We still see a considerable need for guidance," he said before breaking off the Leipzig court hearing.

  • TORONTO, Feb 22- Barrick Gold on Thursday predicted ongoing gold production declines in the long term, positioning the miner to lose its status as the world's biggest bullion producer, but it said key projects could boost annual output by 1 million ounces. In an investor update, Barrick also said Chief Operating Officer Richard Williams is stepping down to take...

  • NEW YORK— CBS News has named Margaret Brennan as moderator of the Sunday morning political talk show "Face the Nation," replacing John Dickerson. CBS News President David Rhodes announced the appointment on Thursday. She's the White House and senior foreign affairs correspondent for CBS News, and interviewed Secretary of State Rex Tillerson for "60 Minutes" this...

  • Feb 22- U.S. crude oil stockpiles fell unexpectedly last week as net imports dropped to a record low due to a surge in exports, while inventories at the key crude hub in Cushing, Oklahoma continued to draw down, the Energy Information Administration said on Thursday. "Even though refinery runs dropped below 16 million barrels per day for the first time since the...