AT&T CEO John Stankey Decries “Appalling Insurrection” In DC, Congratulates Joe Biden

John Stankey, CEO of AT&T and an industry figure who had a high-profile tangle with the administration of President Donald Trump, issued a statement decrying the “appalling insurrection” in Washington. While the statement doesn’t name Trump, it does congratulate Joe Biden and Kamala Harris on being officially confirmed as president and vice president after Congress certified the Electoral College vote. […]

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Wall Street at record high as Democrats take control of Senate

(Reuters) – Wall Street hit record levels on Thursday as market participants bet on more coronavirus relief aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep pandemic-led downturn.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermidEconomy-linked […]

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Rimowa Has a New CEO

LVMH Moët Hennessy Louis Vuitton has named Hugues Bonnet-Masimbert the new chairman and chief executive officer of Rimowa. Currently the elite luggage firm’s executive vice president of sales and client operations, Bonnet-Masimbert succeeds Alexandre Arnault, who is exiting Rimowa to become part of a new management trio at Tiffany & Co. Early Thursday, Arnault was named executive vice president, product […]

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Short seller defends GE after fraud accusations

New York (CNN Business)General Electric faced a do-or-die moment in late 2018. Financial markets were in chaos. Recession fears roared. And GE’s stock price sank to unthinkably low levels. Larry Culp, the highly respected outsider who was hired that fall to fix GE, acted with urgency to end the crisis facing the iconic maker of light bulbs and jet engines. […]

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