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Duke, once a teller, named top-ranking woman in US banking

Wells fargo bank full year 2016 results

Bloomberg Betsy Duke was working in a Virginia Beach dinner theater in the mid-1970s, struggling to make ends meet, when she applied for a job at a dry cleaner. It turned her down. Instead, she became a part-time teller. Wells Fargo & Co. recently named her the first woman to oversee one of the largest banks in the nation. She ...

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Lufthansa boss eyes pay cuts for Air Berlin crew

Lufthansa planes at airport munich

Bloomberg Deutsche Lufthansa AG AG Chief Executive Officer Carsten Spohr said he’s ready to welcome large numbers of employees from insolvent competitor Air Berlin Plc to build up his airline’s Eurowings unit, promoting his company as a safe haven for jobs— albeit with concessions. “Those of you who have worked with Air Berlin crews know it: These are top people, ...

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Zimbabwe, South Africa ground flights in permit dispute

South african airways saa facing bankrupcy

Bloomberg All eight South African Airways flights between Harare and Johannesburg were canceled on Saturday when the Zimbabwe government demanded a foreign operators permit, a day after an Air Zimbabwe plane was grounded in the South African city for similar reasons. The decisions to halt the flights came as Zimbabwe seeks diplomatic immunity in South Africa for President Robert Mugabe’s ...

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