News from the world of finance

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.