FILE PHOTO: A man walks into the JP Morgan headquarters

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

By Pamela Barbaglia, Allison Lampert and Gwénaëlle Barzic LONDON/MONTREAL/PARIS (Reuters) – Bombardier <BBDb.TO> has approached France’s Alstom <ALSO.PA> and Japan’s Hitachi <6501.T> to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. The Canadian manufacturer of planes and trains is working with […]

Musk tweets support for Dorsey remaining as Twitter CEO

(Reuters) – Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc’s chief executive officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role. “Just want (to) say that I support Jack as Twitter CEO,” the billionaire chief executive officer of Tesla […]

Exclusive: Wells Fargo explores sale of asset management business – sources

(Reuters) – Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank’s biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.FILE PHOTO: Warning signs for coronavirus disease (COVID-19) […]