Domino’s Pizza chairman Stephen Hemsley to step down By Reuters

(Reuters) – Domino’s Pizza Group (L:) on Tuesday said its long-serving Chairman Stephen Hemsley will step down from the board, four months after the British pizza delivery chain announced retirement of its chief executive officer. Hemsley, who was appointed as Domino’s non-executive chairman in March 2010, will leave the company on Dec. 29. Senior Independent Director Ian Bull will assume the role of an interim chairman. “The search for a new chairman is progressing, and will be followed by the appointment of a new CEO,” the company said in a…

EU report to lay out options for development financing overhaul: sources By Reuters

© Reuters. EU report to lay out options for development financing overhaul: sources By Marc Jones and Jan Strupczewski LONDON/BRUSSELS (Reuters) – A European Union review of how to deploy the bloc’s international lending firepower will be delivered to finance ministers next week, sources have told Reuters, with three options for a major overhaul of its current set-up. The report by a “wise persons” group led by former senior EU official Thomas Wieser proposes ways to build a more effective EU development bank that also cuts the current overlap between…

Nasdaq cracks down on IPOs of small Chinese companies By Reuters

© Reuters. FILE PHOTO: A woman walks past the Nasdaq MarketSite in New York’s Times Square By Echo Wang and Joshua Franklin (Reuters) – Nasdaq Inc (O:) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s attempt to limit these stock market flotations comes as a growing number of them end up raising most of the capital in their IPO from Chinese sources, rather than from U.S. investors. The…

SoftBank seeks help from its COO to turn WeWork around: Bloomberg By Reuters

(Reuters) – Japan’s SoftBank Group Corp (T:) is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday. Claure, who is also the former chief executive of Sprint Corp (N:) and remains its executive chairman, has been asked by SoftBank Chief Masayoshi Son to take a “more hands-on role” at WeWork, according to the report, which cited people familiar with the matter. Claure will help WeWork’s new leadership identify revenue and cost-saving opportunities, Bloomberg reported, adding that a decision on his exact…