News 

Delta Buys $1.9 Billion LATAM Stake, Snatching Partner Away from American Airlines

“That plan has not changed with the LATAM deal, which Delta started studying about three months ago after an approach by a third party, Bastian said” writes Min Read for reuters.com. CHICAGO (Reuters) – Delta Air Lines (DAL.N) on Thursday announced a deal to buy a 20% stake in LATAM Airlines Group (LTM.SN) for $1.9 billion, creating a major new airline partnership and shaking up the Chilean carrier’s longtime ties with American Airlines.As part of the deal, Delta will also acquire four A350 aircraft from LATAM and assume LATAM’s commitment…

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Time for a private sector shake-up of the top US military ranks

“This would keep career military officers at the top while encouraging the most intellectually dynamic officers to take more risks on their way to the top” reports washingtonexaminer.com. The U.S. military should adapt the present commissioning process for chaplains and doctors (involving specialized training and more rapid appointment than for other officer ranks) and invite talented mid-late career professionals from the private sector to apply for one-star and two-star general officer posts.The military would get to pick who makes the cut, but would have to hold a certain number (say…

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News Oil 

Saudi Arabia shakeup brings in new oil minister and royal court chief

“Saudi Arabia has announced the creation of a new natural resources ministry, separating it from the energy ministry, while replacing the head of the royal court in a wide-ranging shakeup of the government” writes Staff Agencies for theguardian.com. The minister was one of the architects of attempts by the world’s top crude exporter to diversify its oil-reliant economy. Source: theguardian.com

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Markets News Stocks 

U.S. SEC to review stock trading rules in big potential shakeup

“There has also been an influx of new electronic stock exchanges, fragmenting liquidity and increasing costs for brokers around exchange connectivity and market data needed to fuel algorithmic trading” writes Midwest Communications Inc for 95kqds.com. NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.The 2019 review follows an active 2018 for the SEC. The regulator adopted rules…

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Tesla shares down 5 percent after Model 3 launch, sales shake-up

“It was the third cut this year for the Model 3 after a $2,000 price cut in January and a $1,100 reduction last month” writes Midwest Communications Inc for 95kqds.com. In an announcement on Thursday, Elon Musk-led Tesla also lowered the prices on all of its cars by up to 6 percent.(Reuters) – Wall Street reacted nervously on Friday to Tesla Inc’s move to shut its network of showrooms and launch a long-awaited cheaper version of its Model 3 sedan, with its shares falling 5 percent and most analysts expressing…

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Crypto Markets News 

Crypto Rankings’ Shake-Up Follows Yesterday’s Market Crash as Bitcoin Stays Around $3,400

“Ranked eighth by market cap, EOS (EOS) is seeing some of the biggest losses among the top 20 coins by market cap” writes Helen Partz for cointelegraph.com. Saturday, Dec. 8 — Amid a new collapse in the crypto markets yesterday, cryptocurrency ranks are continuously changing as various coins overtake each other by market capitalization.With a current market share of almost 55 percent, Bitcoin has been trading around the $3,450 threshold over the day.In contrast, Ethereum (ETH), the third top cryptocurrency by market cap, is up around 3.8 percent, trading at…

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Trump picks attorney general and U.N. envoy in fresh staff shake-up

“Barr would replace Acting Attorney General Matthew Whitaker, who has been in that position since Trump forced out Jeff Sessions as attorney general a month ago” writes Midwest Communications Inc for 95kqds.com. He said he will nominate William Barr, who was attorney general under former President George H.W. Bush in the 1990s, to fill that top job again at the U.S. Justice Department.WASHINGTON (Reuters) – In another senior staff shake-up inside his often turbulent administration, U.S. President Donald Trump said on Friday he has picked the two people he wants…

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Deutsche Bank mulls shake-up of high-level executives: WSJ

“People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt Thomson Reuters (Reuters) – Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday” reports businessinsider.com. Possible departures could include bank’s chief regulatory officer Sylvie Matherat and CEO of the bank’s Americas region Tom Patrick, the report said, citing sources. Source: businessinsider.com

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News Stocks 

Facebook’s stock tumbles toward 19-month low as analyst suggests management shake-up

“He suggests a shake-up of top management should be considered, as many of Facebook’s issues appears to have been exacerbated by “questionable” leadership decisions” writes Reporter Editor for marketwatch.com. “In our view, Facebook’s board and management team could accelerate the credibility rebuild by considering making change(s) at the top of the organization,” Devitt wrote in a note to clients.The stock has now plunged 36% since closing at a record $217.50 on July 25, while the S&P 500 SPX, -0.14% has lost 4.0% over the same time.Analyst Scott Devitt at Stifel…

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Management shake-up at Alaska Air will bring layoffs

“A management shake-up is underway at Alaska Air, the parent company of Alaska Airlines and regional carrier Horizon Air” writes Seattle Times Aerospace for seattletimes.com. One manager, who asked not to be identified, said employees learned in an internal company webcast on Tuesday that the re-organization will result in about 100 layoffs.That includes pilots, cabin crew, gate agents, aircraft mechanics and engineers, operations center staff and employees working at call centers or airport lounges.Facing tough competition from Delta and Southwest, Alaska has also been challenged by the integration of Virgin…

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