There’s another leadership change atop a major Swiss bank. UBS, the world’s largest wealth manager, has announced that Sergio Ermotti is stepping down as CEO. He’ll be replaced by Ralph Hamers, the current chief executive of Dutch bank ING. Axel Weber, the chairman at UBS, said in a statement that Hamers “is the right CEO…… MORE
Qantas, Air France and KLM are taking a big hit from the novel coronavirus. The airlines on Thursday estimated the financial cost from the outbreak, which has forced airlines around the world to cancel flights in Asia. Qantas, the flagship carrier of Australia, reported the coronavirus could reduce its profit by up to 150 million…… MORE
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for it here. The face-off starts at 9pm ET on NBC and MSNBC. If you’re away from a TV, it will be streaming on the Peacock’s various platforms and The Nevada Independent’s website. NBC’s “Nightly Rundown” framed the moment…… MORE
A woman who accused President Donald Trump of sexually assaulting her alleges that she lost her long-standing magazine column because of Trump’s “defamatory comments,” according to court documents filed on Tuesday. That woman, E. Jean Carroll, who was an advice columnist for Elle magazine, doubled down on that allegation in a tweet, saying that Trump…… MORE
Professor Andre Simpson had a problem. The University of Toronto’s Scarborough campus was paying through the nose for a crucial material for its 3D printer. Few would have guessed McDonald’s would come to the rescue. Simpson is director of the school’s Environmental NMR Center dedicated to environmental research. Central to this research is an analytical…… MORE
Labor strikes are back. Forty-six thousand GM employees made headlines last year by halting work to ask for stronger protections and better healthcare. But it wasn’t just the automaker — there has been a strike renaissance over the past two years. The largest job action of 2019 involved 92,700 North Carolina public school teachers who…… MORE
Jaguar Land Rover is flying auto parts made in China to its European factories instead of relying on slow-moving cargo ships, as the coronavirus outbreak puts a dent in its supply chain. But its CEO says it’s too soon to say whether that will be enough to keep those assembly lines open and building cars.…… MORE
The Facebook page “North Carolina Breaking News” contained some posts touting good deeds by police officers in the city of Winston-Salem. But the officers named in the posts didn’t exist. The acts of kindness actually had happened — but years earlier and in other states, when real law enforcement professionals helped an injured dog and…… MORE
Wall Street is struggling to find a replacement for Libor, the scandal-plagued interest rate that governs debt and contracts worth $200 trillion, including consumer mortgages and loans. Time is now running out. Libor, which is short for the London Interbank Offered Rate, is supposed to disappear at the end of 2021. But Wall Street has…… MORE
General Electric appears to have a dodged a bullet in President Donald Trump’s fight with China over the theft of American trade secrets. The Trump administration is poised to give a GE joint venture the green light to continue exporting jet engines to China — despite national security concerns raised by some US officials. That…… MORE
