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Listless trading ... Barclays restructuring ... Nissan helm change

By The Associated Press | Posted - Feb. 23, 2017 at 4:32 a.m.

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HONG KONG (AP) — World stock markets were drifting in listless trading today as the latest Fed minutes left investors unmoved. U.S. shares were set for a flat open. Dow futures were unchanged at 20,750.00 and broader S&P 500 futures dipped less than 0.1 percent to 2,360.40. Benchmark U.S. crude oil futures rebounded, rising 79 cents to $54.38 a barrel in electronic trading on the New York Mercantile Exchange.

LONDON (AP) — Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London. Barclays now plans to close its non-core unit at the end of June after reducing its stake in Barclays Africa to 12.2 percent and agreeing to legally separate the business.

PARIS (AP) — French carmaker the PSA Group saw its profits jump last year and is giving dividends for the first time since 2011, burnishing its image as it weighs a buyout of General Motors' European operations. While revenues last year were largely stable, PSA'a 2016 financial results reflect the company's marked recovery since a bailout by Chinese investors and the French state three years ago.

TOKYO (AP) — Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan to Hiroto Saikawa, a veteran Japanese executive at Nissan. But Ghosn is staying on as chairman. The company says Saikawa will become chief executive at Nissan Motor Co. effective April 1. The appointment will be up for shareholders' approval in June.

NEW YORK (AP) — A wealthy former CEO who dodged securities fraud charges for a decade by fleeing to Africa is facing sentencing in New York City. Jacob "Kobi" Alexander is due in federal court in Brooklyn today. Alexander came under investigation as the successful head of a telecommunications software firm called Comverse. He was in Israel and negotiating a possible surrender when he vanished in 2006.

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The Associated Press


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