Economy & Finance

Senate Republicans gain moment on tax reform budget measure

Senate Republicans gain moment on tax reform budget measure

Published 17/10/2017

U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform legislation into law before January. [more…]

Netflix adds more subscribers than expected, shares hit record

Netflix adds more subscribers than expected, shares hit record

Published 17/10/2017

Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally. [more…]

Colony Capital injects cash, in talks to buy Weinstein Co

Colony Capital injects cash, in talks to buy Weinstein Co

Published 16/10/2017

The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. [more…]

Activist investor RBR launching campaign to break up Credit Suisse: FT

Activist investor RBR launching campaign to break up Credit Suisse: FT

Published 16/10/2017

Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CSGN.S) into three parts, the Financial Times reported on Monday. [more…]

Exclusive: T-Mobile, Sprint plan merger without selling assets

Exclusive: T-Mobile, Sprint plan merger without selling assets

Published 16/10/2017

T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. [more…]

Wells Fargo brokerage to return $3.4 million for risky products

Wells Fargo brokerage to return $3.4 million for risky products

Published 16/10/2017

A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank. [more…]

Viacom, Charter agree to extend renewal deadline: source

Viacom, Charter agree to extend renewal deadline: source

Published 16/10/2017

Viacom Inc (VIAB.O) and Charter Communications Inc (CHTR.O) agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. [more…]

Carlyle, OppenheimerFunds form wealth management venture

Carlyle, OppenheimerFunds form wealth management venture

Published 16/10/2017

U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday. [more…]

ECB still believes in eventual inflation, wage rise: Draghi

ECB still believes in eventual inflation, wage rise: Draghi

Published 14/10/2017

Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. [more…]

Ivascyn`s Pimco Income fund surpasses $100 billion despite fee hike: sources

Ivascyn`s Pimco Income fund surpasses $100 billion despite fee hike: sources

Published 13/10/2017

The Pimco Income Fund (PIMIX), widely seen by investors and analysts as Pacific Investment Management’s new flagship fund, surpassed $100 billion in assets under management this week, even as fees were hiked on Oct. 2, two sources familiar with the matter said Friday. [more…]