FedEx Corp has apologised for returning a package which the sender said contained a Huawei smartphone, blaming an "operational error" as it works to comply with U.S. restrictions on business with China's Huawei Technologies Co Ltd.
Legg Mason Inc said on Thursday that the mutual fund company is cutting 120 jobs, or about 12% of its corporate workforce, with the step coming only days after the appointment of Trian Fund Management LP's Nelson Peltz and Ed Garden as directors.
Huawei Technologies' founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant "may slow, but only slightly" due to recent U.S. restrictions.
Robin Phillips, HSBC Holdings Plc's co-head of global banking, will depart in the coming months, a source familiar with the matter said on Wednesday.
British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said. | Video
British banking start-up OakNorth is targeting international expansion after closing a $440 million fundraising round led by Japan's SoftBank Group Corp.
British airline Flybe, which is being bought by a consortium of Virgin Atlantic, Stobart Group and Cyrus Capital, said on Sunday it had been approached by Stobart's ex CEO Andrew Tinkler about a possible alternative financing proposal.