Citigroup's Fraser to be first woman CEO of Wall Street bank

Citigroup Inc named consumer banking head Jane Fraser as its next chief executive on Thursday, making her the first woman to lead a major Wall Street bank.

Factbox: Citi's Jane Fraser describes working mom's challenges on Wall Street

Citigroup Inc on Thursday named consumer banking head Jane Fraser as the bank's next chief executive officer, making her the first woman to lead a major Wall Street bank.

U.S. charges 57 with fraud involving pandemic paycheck aid, Justice Department says

Federal law enforcement authorities have charged 57 people with stealing $175 million from an aid program meant to help small businesses weather pandemic lockdowns, officials said on Thursday, adding that they are eyeing hundreds more suspected cases of fraud.

Citigroup's Fraser shows Wall Street playing catch-up on woman CEOs

Citigroup Inc's appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago.

Disney expects to reopen a little over 50% of its hotels by end of fiscal year

Walt Disney Co expects to have reopened "a little over 50%" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy, who spoke via online video to the Bank of America Virtual 2020 Media, Communications & Entertainment Conference on Thursday.

Twitter expands misinformation rules ahead of U.S. election

Twitter Inc said on Thursday it would label or remove misinformation aiming to undermine confidence in the U.S. election, including posts claiming victory before results have been certified or inciting unlawful conduct to prevent a peaceful transfer of power.

Oil prices slide near 2% after surprise U.S. crude stock build

Oil prices slid nearly 2% on Thursday after U.S. data showed a surprise build in crude stockpiles last week related in part to ongoing reductions at refineries along the Gulf of Mexico following Hurricane Laura.

U.S. senator asks for CFIUS review of GNC purchase by Chinese company

U.S. Senator Marco Rubio, a Republican and a China hawk, asked for a national security review of plans by General Nutrition Centers , or GNC, to sell itself to Harbin Pharmaceutical Group Co Ltd.

American Airline's Envoy to close New York City bases, memo shows

American Airline's wholly-owned carrier Envoy is closing its bases at La Guardia and John F. Kennedy airports in New York, the regional airline told employees in a memo on Thursday, as the industry grapples with a plunge in passengers due to the pandemic.

Wall Street drops as tech stocks struggle for direction

The S&P 500 fell in choppy trading on Thursday as heavyweight tech-related stocks slid after a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.

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Citi names Jane Fraser as first female CEO

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