Hudson's Bay Chairman Richard Baker to take over as CEO: source

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Reuters Business News Your Evening Briefing       Tweet       Share Hudson's Bay Chairman Richard Baker to take over as CEO: source Hudson's Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid to take the owner of Saks Fifth Avenue private was approved by shareholders. OPEC gathers in Vienna to discuss further cuts in oil output OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide. OPEC gathers in Vienna to discuss further cuts in oil output OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide. World stocks lead rally as G7 pledges virus support A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak. SoftBank CEO tells U.S. investors he'll be more careful ((This March 2 story removes incorrect reference to Sprint as a Vision Fund investment)) Exxon Mobil calls for tighter methane regulations Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide. Emirates airline asks staff to take one month unpaid leave over coronavirus Major international airline Emirates is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world. Airlines face worsening coronavirus impact, European bosses warn The worst is still to come for the airline industry in terms of economic damage from the coronavirus outbreak, European bosses warned on Tuesday, but they predicted that travel demand could stabilise in the coming weeks. Chevron shows off war chest by pledging up to $80 billion in returns Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost. Wall Street dips as G7 statement underwhelms U.S. stocks fell minutes after the open on Tuesday as G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support. Ryanair, IAG bosses see travel demand returning for summer The bosses of Ryanair and British Airways-owner IAG expect the drop-off in travel demand to stabilize in the coming weeks, before bookings return for the summer, they said at a conference on Tuesday. Related Videos Europe follows Wall St gains on virus action hope Business Jack Welch, former GE CEO, dies Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions