Financial Times - Oct 10
Oct 10 (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
- HSBC targets senior bankers in cost-cutting plan
- UK ministers fire starting gun on landmark worker rights reform
- GSK reaches $2.2 bln Zantac settlement in US
- Bernard Arnault partners with Red Bull to buy Paris FC in latest move into sport
Overview
- HSBC HSBA.L CEO Georges Elhedery plans to target the bank's senior bankers in a cost-cutting plan that aims to save as much as $300 million.
- Britain's Labour government has set out plans for a sweeping package of new workers' rights, including plans to end zero-hour contracts and strengthen sick pay, in the biggest change to employment law in a generation.
- GSK GSK.L has agreed to pay up to $2.2 billion to settle most lawsuits in U.S. state courts claiming that a discontinued version of the heartburn drug Zantac caused cancer.
- Paris FC, the capital's second-tier soccer club, is in the process of being sold off to the Arnault family -whose head Bernard Arnault is the billionaire behind LVMH LVMH.PA- and to the energy drinks company Red Bull.
(Compiled by Bengaluru newsroom)
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