PRESS DIGEST- Financial Times - Oct. 31
Oct 31 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- US carworkers suspend strike after reaching tentative deal with GM
- Deutsche Bank to axe almost half of Postbank branches
- PwC picks Mohamed Kande as global chair
- Western Digital to split in two after abandoning merger talks with Kioxia
Overview
- General Motors and the United Auto Workers union have reached a tentative deal to end a six-week strike by the union.
- Deutsche Bank is planning to axe as many as 250 of its Postbank branches out of the remaining 550 over the next two years.
- PwC said it has picked Mohamed Kande, head of its international advisory business, to be its next chair.
- Western Digital has announced plans to split in two by spinning off its flash memory unit from its hard drive business after merger talks with Kioxia ended abruptly.
(Compiled by Bengaluru newsroom)
