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Jane Fraser made history on Thursday when she became the first female global bank chief executive, a role she will take up next year when Citigroup Inc 's current CEO Michael Corbat will step down.
President Donald Trump said on Thursday the deadline set for Chinese company ByteDance to sell its popular short-video app TikTok's U.S. assets would not be extended.
Elliott Management is giving up its board seat at eBay Inc , the company said on Thursday, less than two years after laying out a blueprint for improvements at the ecommerce company that included divestitures and led to a doubling of the stock price.
"Fortnite" creator Epic Games said on Thursday Apple Inc has given its users an "indefinite extension" to log into the game using an Apple sign-in system.
A U.S. bankruptcy judge on Thursday rejected a $2.4 billion financing plan for struggling LATAM Airlines on the grounds that a convertible loan included as part of the package would amount to "improper" treatment of other shareholders.
Citigroup Inc named consumer banking head Jane Fraser as its next chief executive on Thursday, making her the first woman to lead a major Wall Street bank.
Citigroup Inc's appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago.
Jane Fraser's path to the top of Citigroup Inc was paved by sacrifices and compromises as she balanced her role as a mother with career progression, saying at one point that she could not do it all at the same time.
Bayer's Chief Executive Werner Baumann won an extension of his contract until 2024, in a show of support from the drugmaker's new chairman just months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedkiller.
The U.S. Senate Commerce Committee on Sept. 16 will hold a hearing to consider a bill to strengthen oversight of aircraft certification following two fatal Boeing Co 737 MAX crashes.
U.S. stocks closed lower after a choppy trading session on Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
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Peloton Interactive Inc beat analysts' estimates for quarterly revenue on Thursday as the exercise bike maker benefited from a surge in subscribers and demand for its fitness products during the coronavirus pandemic.
Global equity benchmarks slipped and U.S. government bonds rallied on Thursday as a rebound in U.S. technology stocks stalled after the European Central Bank left its stimulus program unchanged and a stimulus bill failed in the U.S. Senate.
Oracle Corp signaled a recovery in client spending as remote work spurred demand for cloud services as well as traditional licensing business, helping it beat expectations for first-quarter results and sending its shares up 5% on Thursday.
Shares of Portland General Electric plummeted as much as 16% after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been started by its electrical equipment.