Business

Walmart to pay college, book costs for full and part-time staff

Walmart Inc (WMT.N) on Tuesday said it will pay the full cost of college tuition and books for its roughly 1.5 million full and part-time employees, effective Aug. 16. The largest private U.S. employer said it will drop the current $1 a day fee paid by associates at Walmart and its subsidiary Sam’s Club. Consumer […]

Business

More U.S. companies tie CEO pay to diversity metrics -study

Corporate diversity has become the most common type of sustainability metric used in setting executive pay, a new study found, as companies look to increase the share of women and minorities in their workforces. Among 61 metrics used by Fortune 100 companies to tie executive pay to environmental, social or governance factors, 14 of them, […]

Business

Banca Generali posts 44% rise in H1 profit, exceeds some 3-yr targets

Italian asset manager Banca Generali (BGN.MI) on Tuesday posted a 44% rise in first-half net profits, citing higher demand for financial advisory services and successful commercial policies it had implemented. The wealth management arm of Italy’s top insurer Generali (GASI.MI) said net profit came in at 190.1 million euros ($224.11 million) in January-June period. The […]

Business

MOVES Barclays picks Faruqui to share leaderhsip of EMEA M&A franchise

Barclays (BARC.L) has appointed Omar Faruqui as co-head of its mergers and acquisitions (M&A) franchise in Europe, the Middle East and Africa as part of a leadership shake-up to ride a wave of deal-making activity in the post-COVID world. The British bank said on Tuesday that Faruqui will share the leadership of its EMEA M&A […]

Business

German insurers expect up to $6.5 bln in storm claims

German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from storms that brought catastrophic flooding to parts of the country this month. The revised estimate of between 4.5 billion and 5.5 billion euros is up from an initial estimate last week of 4 billion to […]

Business

Google, Facebook set to squash initial iOS fears, show big revenue jump

Wall Street expects Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) to report a surge in digital ad sales this week after smaller rivals showed soaring demand, bolstering expectations that the impact of Apple Inc’s (AAPL.O) privacy changes has not yet been felt. Together, Google and Facebook generated about $70 billion in revenue through digital ads […]

Business

Britain eases SPAC rules as global watchdog puts sector on watch

Britain has eased rules for so-called special purpose acquisition companies (SPACs) to attract more listings to London, just as global regulators have put a watch on SPACs, which may already be peaking in popularity. After a surge in activity in SPACs or “blank check” companies on Wall Street and more recently in the European Union […]