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GE’s post-Immelt exodus accelerates ‘succession’

Bloomberg General Electric Co.’s management overhaul marked the latest departures of high-profile executives from a company that has traditionally served as an incubator of corporate bosses. Chief Financial Officer Jeffrey Bornstein is leaving at the end of the year. Two other company veterans and GE vice chairs, Beth Comstock and John Rice, are retiring from the company. They’re following Steve ...

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HelloFresh aims for IPO in 2nd week of Oct

Bloomberg HelloFresh, the meal-kit startup owned by Rocket Internet SE, aims to announce an initial public offering in the second half of October as the German company tries to distance itself from the post-IPO flop of Blue Apron Holdings Inc., people familiar with the matter said. HelloFresh has been waiting for preliminary third-quarter earnings to be ready to show investors ...

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US labour market strong despite hurricanes

Bloomberg Two major hurricanes knocked down payrolls in September, yet the US labour market is holding up just fine. That’s the broad message from employment figures released by the Labor Department. Payrolls fell for the first time since 2010, reflecting Hurricane Harvey’s impact on Texas and Irma’s fallout in Florida. At the same time, the unemployment rate dropped to a ...

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