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NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) has appointed investment bankers David Dubner and Pete Michelsen to be co-heads of activism and shareholder advisory for the Americas, the bank said on Monday in a memo. The new roles come at a time when public companies have been seeking help to better defend themselves against so-called activist investors, who often demand corporate changes ranging from sale processes to share buybacks. Dubner is a managing director in the M&A group and joined the bank in 2006 letter y cufflinks uk sale. Michelsen is a managing director in M&A as well, having originally joined Goldman Sachs in 2005. Michelsen’s LinkedIn profile shows he left the bank in 2014 to work at CamberView Partners, LLC, a shareholder advisory firm that was acquired earlier this year by PJT Partners Inc (PJT.N)..

(Reuters) – Lloyds Banking Group Plc (LLOY.L) will cut around 6,000 jobs, while adding 8,000 new roles as part of a planned 3 billion pound ($3.91 billion) investment, Sky News reported here on Monday. The jobs cuts would come from a broad range of areas across the bank, including its group transformation division, corporate banking, retail and community banking activities, Sky News said, citing sources. The creation of 8,000 new jobs will be announced on Tuesday, meaning a net creation figure of 2,000 jobs, the Sky report said letter y cufflinks uk sale. Staff whose jobs are affected by the plans will be able to apply for the new roles being created, Sky news reported..

WASHINGTON (Reuters) – The United States will allow non-proliferation civil nuclear projects at Arak, Bushehr and Fordow in Iran “under the strictest scrutiny,” the State Department said on Monday, as the country began reimposing strict sanctions on Iran. The United States is restoring sanctions on Iran’s oil, banking and transport sectors, in an effort to end Tehran’s missile and nuclear programs and diminish the country’s influence in the Middle East. The State Department said it will not issue waivers for any new civil nuclear projects letter y cufflinks uk sale.

(Reuters) – Amazon.com Inc (AMZN.O) said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc (WMT.N) and other rivals vying for customers’ Christmas shopping. The U.S.-only promotion, effective from Nov letter y cufflinks uk sale. 5, waives the $25 minimum that customers outside Amazon’s Prime loyalty club must hit for free shipping. The deal lasts until Amazon can no longer promise items in time for Christmas with free delivery, which typically takes five to eight business days..

The company’s shares fell more than 3 percent following the announcement. One analyst, Colin Sebastian of Baird Equity Research, said the offer could shave 5 percent to 6 percent off Amazon’s operating profit this quarter. Still, the news could help Amazon win more sales. That is important for the world’s largest online retailer since a revenue slowdown it forecast last month spooked some investors and sent its stock tumbling letter y cufflinks uk sale. The current quarter typically is Amazon’s biggest..