SINGAPORE (REUTERS) – Oversea-Chinese Banking Corp (OCBC), Singapore’s second-biggest listed bank, reported its worst quarterly profit this year after booking a one-off charge at its Indonesian banking unit. OCBC’s net profit for the third quarter ended Sept 30 came in at $1.17 billion for the July-September quarter, missing a $1.19 billion average estimate of five […]

A little more than a year after installing a new showrunner at its signature late-night franchise, “The Tonight Show Starring Jimmy Fallon,” NBC is switching leaders at the program once again. The network announced on Monday that Jim Bell, a 28-year-veteran of NBC who took over as executive in charge of Mr. Fallon’s show last […]

JURMALA, Latvia (Reuters) – Latvia’s central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor. Latvia’s public prosecutor has accused Ilmars Rimsevics, 54, of accepting the offer of a 500,000-euro bribe and taking a […]

(Reuters) – Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion. The state oil giant, the world’s most profitable company, fired the starting gun on a domestic initial public offering […]

McDonald’s has fired chief executive Steve Easterbrook because he had a consensual relationship with an employee, against company policy. The burger company’s board voted on Friday to sack Mr Easterbrook (52) after investigating the relationship, according to a company statement last night. McDonald’s policy doesn’t allow the CEO to have a relationship with anyone in […]

(Reuters) – Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Baltimore-based company confirmed that it is under investigation and is cooperating with the Justice Department and U.S. […]

DUBAI (Reuters) – Saudi Aramco, the Saudi state oil giant, said it posted a net income of $68 billion during the nine-month period ending on September 30. The company’s revenues and other income related to sales for the same period amounted to $244 billion, it said. Aramco – in an announcement of its intention to […]

British specialist bakery business Delice de France has been sold to its management by Swiss-Irish group Aryzta for an undisclosed sum. Delice de France was first acquired by IAWS 20 years ago for €52m. Please log in or register with Independent.ie for free access to this article. Log In New to Independent.ie? Create an account […]

(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. Berkshire benefited as resilience in consumer spending helped cause U.S. economic growth to […]

DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption probe by U.S. federal officials, has taken a leave of absence, the union said on Saturday in a statement. Gary Jones’ leave of absence, which follows a vote by the executive board, will be effective […]