Greg O’Gorman, a member of the well-known Kilkenny retail family, has spoken for the first time this week on the end of the High Court legal battle he waged against his mother, Marian O’Gorman. Greg O’Gorman was sacked by Marian O’Gorman in 2016 and took legal action, alleging that he had been unfairly dismissed and […]
Irish companies Pip IT and Combilift will announce new African business deals as part of a five-day trade mission to South Africa and Kenya. Enterprise Ireland expects a range of further deals and announcements as part of a trip which will see Minister for Business, Enterprise and Innovation Heather Humphreys become the first government minister […]
BENGALURU (Reuters) – A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits. In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple […]
DUBAI (Reuters) – Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters. The Saudi oil group has not yet revealed the size of its planned IPO or what proportion of the company […]
PARIS (Reuters) – French insurer AXA (AXAF.PA) said it expected to book net proceeds of $3.1 billion from the sale of a 29% stake in AXA Equitable Holdings (EQH) (EQH.N) as it exits its U.S. life insurance business. AXA, the second-largest European insurer after Germany’s Allianz (ALVG.DE), has been gradually divesting from EQH to raise […]
HONG KONG (Reuters) – Alibaba (BABA.N) has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter. The online Chinese retail giant has appointed Citigroup, JP Morgan and Morgan Stanley […]
NEW YORK/ZURICH • The world’s billionaires saw their collective fortunes dip last year for the first time in three years, erasing US$388 billion (S$527.5 billion) of their net worth. Asia was hardest hit, as slowing growth in China and rising United States interest rates resulted in an 8 per cent wealth drop among that continent’s […]
NEW YORK (Reuters) – WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%. In a proposed class action filed this week in San Francisco Superior Court, former […]
MILAN — An Italian court convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena on Friday over derivative transactions that prosecutors say helped the world’s oldest bank conceal huge losses. The verdict, read in court by the lead judge, Lorella Trovato, also ordered the seizure of 64 million euros, about […]
CHICAGO/WASHINGTON (Reuters) – Southwest Airlines (LUV.N) and American Airlines Group Inc (AAL.O) said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. Southwest and American, the two largest U.S. operators of the […]