Toshiba CEO Resigns Amid Growing Opposition To Restructuring Plans

Toshiba CEO Resigns Amid Growing Opposition To Restructuring Plans

TOKYO (Reuters) – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans. Senior executive Taro Shimada, a former executive of Germany’s Siemens AG, will become the new head of the company. The appointments are effective Tuesday. (Reporting by Makiko Yamazaki;…

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FTC Prepares For Possible Challenge To Amazon's $8.5 Billion MGM Deal - The Information

FTC Prepares For Possible Challenge To Amazon’s $8.5 Billion MGM Deal – The Information

(Reuters) – The U.S. Federal Trade Commission is gearing up for a potential antitrust lawsuit challenging Amazon.com Inc’s $8.5 billion takeover of MGM Studios by exploring actions including hiring expert witnesses, the Information reported on Monday. The FTC will decide how to proceed within the next few weeks, according to the news website’s report citing…

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Australia Financial Crime Watchdog Slaps Money Laundering Lawsuit On Crown Resorts

Australia Financial Crime Watchdog Slaps Money Laundering Lawsuit On Crown Resorts

SYDNEY (Reuters) – Australia’s financial crime watchdog filed a wide-ranging civil lawsuit against casino operator Crown Resorts Ltd on Tuesday, accusing it of failing to assess risks of money laundering and terrorism financing at its only two operational resorts. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said the company started by billionaire James Packer…

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Russia Sanctions Snarl Flights, Compound Airline Industry Woes

Russia Sanctions Snarl Flights, Compound Airline Industry Woes

By Anne Kauranen, Tim Hepher and Rajesh Kumar Singh HELSINKI/PARIS/CHICAGO (Reuters) -Airlines are bracing for potentially lengthy blockages of key east-west flight corridors after the European Union and Moscow issued tit-for-tat airspace bans and Washington did not rule out similar action in response to Russia’s invasion of Ukraine. Industry officials say the Biden administration would…

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FAA Expands Use Of Independent Review Boards In Certifying Airplanes

FAA Expands Use Of Independent Review Boards In Certifying Airplanes

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Monday it is expanding the use of independent safety expert groups when certifying commercial aircraft. The FAA said it is expanding use of Technical Advisory Boards (TAB) to help ensure it has a “consistent and thorough approach for all aircraft certification projects.” The…

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