Lawrence Culp has held the top
job at General Electric for nearly one year and on
Thursday one of the industrial conglomerate's biggest
shareholders, activist investor Nelson Peltz, gave him a
shout-out for being "fantastic."
Fitch Ratings expects holders of
Argentina dollar bonds to have to write off part of their
investments under the country's sovereign debt restructuring
plan, one of the agency's analysts said on Thursday.
The Swiss National Bank's
decision to raise the threshold for the country's banks before
they are hit with negative interest rates could halve the amount
they end up paying the central bank, analysts' calculations