American International Group Inc. (AIG) headquarters seen on the day of the company’s 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn American International Group Inc’s new global chief operating offic... More »
A Nokia logo is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins Telecoms network equipment maker Nokia and Chinese smartphone maker Xiaomi Technology have signed a patent licensing agreement, the companies said on Wednes... More »
Ericsson Chairman of the board Leif Johansson presents Borje Ekholm as the new CEO for the Swedish telecom company Ericsson during a press conference at the company’s headquarters in Kista, Stockholm, Sweden October 26, 2016. TT News Agency/Janerik Henriksson/... More »
FILE PHOTO: Brazil’s billionaire businessman Joesley Batista leaves the Federal Police headquarters after giving testimony, in Brasilia, Brazil June 21, 2017. REUTERS/Adriano Machado/File photo Bernal More »
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, departs after a hearing at U.S. Federal Court in Brooklyn, New York, U.S., June 26, 2017. REUTERS/Lucas Jackson Federal prosecutors on Monday asked a U.S... More »
Fox Sports fired Jamie Horowitz, its president of national networks, on Monday, according to a memo sent to employees, which provided no reasons for the dismissal but did emphasize the importance of “professional conduct.” More »
The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai Two high-level quantitative researchers have left BlackRock Inc (BLK.N) as the world’s largest asset manager embarks on an ambitious effort to ... More »
FILE PHOTO: Fabrice Bregier (L), Airbus President and Chief Executive Officer and Tom Enders (R), Chief Executive Officer of Airbus Group, at the Airbus headquarters in Toulouse April 11, 2015. REUTERS/Adrien Helou/File Photo Airbus unveiled on Monday a corpor... More »
Wells Fargo Asset Management named Jonathan Hobbs as head of U.S. portfolio solutions and Kevin Kneafsey as a senior investment strategist with the multi-asset client solutions group. More »
Independent investment management firm HQ Capital named Jeremy Katz as a co-head of its real estate group. More »
French Finance Minister Bruno Le Maire leaves after the weekly cabinet meeting at the Elysee Palace in Paris, France, June 28, 2017. REUTERS/Charles Platiau France will set up a special court to handle English-law cases for financial contracts after Britain le... More »
The New York Stock Exchange is seen from the steps of Federal Hall behind a Statue of former U.S. President George Washington in New York City, U.S., May 17, 2017. REUTERS/Brendan McDermid Investors betting trillions on ethically-appealing stocks may not be ge... More »
Takata Corp. Chairman and CEO Shigehisa Takada bows as he attends a news conference after its decision to file for bankruptcy protection in Tokyo, Japan, June 26, 2017. REUTERS/Toru Hanai Japan’s Takata Corp (7312.T), the firm at the centre of the auto industr... More »
Financial services provider State Street Corp said on Friday it appointed Steve Cook as senior vice president within its U.S. investment services business. More »
The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year an... More »
FILE PHOTO: A Volkswagen VW car is seen at a car dealer in Bochum, Germany March 16,2016. REUTERS/Ina Fassbender/File Photo German carmaker Volkswagen (VOWG_p.DE) has agreed to buy back diesel cars equipped with illicit emissions control software after decidin... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to po... More »
The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei, Taiwan April 13, 2017. REUTERS/Tyrone Siu A California state judge said on Thursday that San Francisco can demand from Uber records containi... More »
Some enterprising manager ought to look into a Long Nice CEOs/Short Jerks hedge fund. More »
Stifel Financial Corp said on Wednesday three financial advisers joined the private client group of its broker-dealer subsidiary, Stifel, Nicolaus & Co Inc. More »
FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian ... More »
A federal jury on Thursday delivered a mixed verdict for three former Nomura Holdings Inc traders accused by the U.S. Department of Justice of lying to customers about the prices of mortgage bonds they bought and sold. More »
Electronic broker Instinet LLC, a unit of Nomura Holdings Inc, named Scott Douglass as U.S. head of sales for its commission management services (CMS) business, based in New York. More »
Regulatory risk and compliance firm Exiger named Christopher McCavitt as managing director in the firm’s global investigations practice. More »
FILE PHOTO – David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian/File Photo Uber Technologies I... More »
FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid fo... More »
Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California, U.S. on November 3, 2015. REUTERS/Elijah Nouvelage Verizon Communications Inc (VZ.N) said on Tuesday it closed its $4.4... More »
Employee walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji A Japanese government-led consortium bidding for Toshiba Corp’s chip business will include South Korean chipmaker SK Hynix Inc, sources fa... More »
Torry Berntsen, Chief Executive Officer (CEO) and Head of Corporate and Institutional Banking of the Americas region for Standard Chartered Bank, poses in New York City, U.S., June 13, 2017. REUTERS/Shannon Stapleton Standard Chartered (STAN.L) aims to expand ... More »
FILE PHOTO – Uber CEO Travis Kalanick attends the summer World Economic Forum in Tianjin, China on June 26, 2016. REUTERS/Shu Zhang/File Photo Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from t... More »
David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian Uber Technologies Inc [UBER.UL] board membe... More »
U.S. Supreme Court is seen in Washington, U.S., October 3, 2016. REUTERS/Yuri Gripas/File Photo The U.S. Supreme Court on Tuesday allowed the Trump administration more time to file papers responding to an appeals court ruling that upheld a block on a proposed ... More »
FILE PHOTO: The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. REUTERS/Ralph Orlowski/File Photo Deutsche Bank AG’s (DBKGn.DE) wealth management division said on Monday it plans ... More »
Asset manager Natixis Global Asset Management named Oliver Bilal head of international sales and marketing responsible for Europe, Asia, Latin America and the Middle East. More »
Real estate investment manager LaSalle Investment Management appointed Brad Gries as head of U.S. acquisitions, effective Aug. 18. More »
FILE PHOTO – A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo The Uber Technologies Inc [UBER.UL] board of directors voted unanimously to adopt all recommendations from a report stemming from ... More »
FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. REUTERS/Toru Hanai/File Photo Japan’s Takata Corp (7312.T), the airbag maker at the center of world’s largest automotive recall, has recomm... More »
FILE PHOTO: A fleet of Uber’s Ford Fusion self driving cars are shown during a demonstration of self-driving automotive technology in Pittsburgh, Pennsylvania, U.S. on September 13, 2016. REUTERS/Aaron Josefczyk/File Photo Uber Technologies Inc’s [UBER.UL] boa... More »
Swiss drugmaker Roche’s logo is seen at their headquarters in Basel, Switzerland January 28, 2016. REUTERS/Arnd Wiegmann Roche is convinced a new breast cancer drug will have a significant role in treating the disease despite recent trial results that disappoi... More »
FILE PHOTO – Dr Karl-Thomas Neumann, CEO of Opel Group speaks during a news conference on media day at the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Benoit Tessier The chief executive of General Motors’ (GM.N) European arm Opel, Karl-Thoma... More »
The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai Toshiba Corp (6502.T) said on Friday it was not convinced by Western Digital Corp (WDC.O) CEO Steve Milligan’s effort to wi... More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Friday is the day, folks. More »
U.S. Attorney General Jeff Sessions waits to address the National Law Enforcement Conference on Human Exploitation in Atlanta, Georgia, U.S., June 6, 2017. REUTERS/Chris Aluka Berry Aides to U.S. President Donald Trump are urging him not to fire Attorney Gener... More »
A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao Toshiba Corp (6502.T) aims to name a winner for its prized semiconductor business next week, people familiar with the matter... More »
Angel Rondon (R), Odebrecht’s commercial representative in the Dominican Republic, looks on to the judge’s ruling, following the hearing before Supreme Court Judge Francisco Ortega, for bribes paid by Brazilian construction company Odebrecht to obtain public w... More »
A former State Street Corp executive has agreed to plead guilty in connection with a scheme to defraud six clients through secret commissions on billions of dollars of trades, according to court papers filed on Tuesday. More »
Uber Technologies Inc [UBER.UL] will tell employees on Tuesday about changes it will make after a probe into sexual harassment allegations by a former engineer at the ride services company, a person familiar with the matter said. More »
FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. REUTERS/Toru Hanai/File Photo A federal judge may tap attorney and longtime compensation adviser Kenneth Feinberg to oversee claims for nea... More »
Apparel retailer J.Crew Group Inc [CHNOSJ.UL] said on Monday that James Brett will succeed retail veteran Millard Drexler as chief executive officer. More »
Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Leaving your job soon and rolling over a 401(k) into an IRA? Thinking about buying an annuity? About to call your money manager and allocate this year’s Roth co... More »
The GM logo is seen at the General Motors Assembly Plant in Valencia, Venezuela April 21, 2017. REUTERS/Marco Bello Greenlight Capital’s plan to split up General Motors Co’s (GM.N) stock, as well as its challenge to the company’s board of directors, will come ... More »
Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update. More »
Investment firm Adams Street Partners said on Thursday it hired industry veteran Martin vom Hagen to head its newly established office in Munich, Germany. More »
FILE PHOTO: David Carroll, senior executive vice president at Wells Fargo speaks during the Charlotte Chamber’s Economic Outlook Conference in Charlotte, North Carolina December 17, 2012. REUTERS/Chris Keane Longtime Wells Fargo & Co (WFC.N) executive David Ca... More »
FILE PHOTO: The Hyundai logo is seen at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Brendan Mcdermid/File Photo Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai M... More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking/File Photo Wells Fargo & Co will offer more money in recruitment bonuses to financial advisers after competitors announced plans to pull back from recruiting, t... More »
FILE PHOTO: Peter Fleet, the president of Ford ASEAN, speaks during a news conference at a hotel in Bangkok March 23, 2011. REUTERS/Chaiwat Subprasom Ford Motor Co (F.N), which earlier this week named turnaround expert James Hackett as its chief executive offi... More »
Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook James Hackett spent the last year plottin... More »
Fund managers may show genuine and long-lasting skill, but do more poorly as the good ones are piled with responsibilities. More »
China’s Foreign Minister Wang Yi (R) meets German Foreign Minister Sigmar Gabriel at the Ministry of Foreign Affairs in Beijing, China May 24, 2017. REUTERS/Jason Lee Germany has made good progress with China on how to introduce quotas aimed at producing more ... More »
Students of investing will need to start cramming for a new subject: computer science. More »
FILE PHOTO: A Western Digital office building under construction is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from ... More »
A MetLife Inc building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life insurer, MetLife Inc, has challenged the federa... More »
The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip Bank of America Corp’s Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure ... More »
The logo of Samsung Electronics is seen in front of its building in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing and a new Chi... More »
FIFA’s former chief ethics investigator, Cornel Borbely speaks to media during a press conference ahead of the 67th FIFA Congress in Manama Bahrain, May 10, 2017. REUTERS/Hamad I Mohammed Ousted FIFA Ethics investigator Cornel Borbely said on Wednesday his com... More »
Prudential Financial Inc shareholders on Tuesday approved the company’s compensation for executives and sided with directors in rejecting a proposal that would require an independent board chairman. More »
Jay Clayton is sworn in to testify at a Senate Banking, Housing and Urban Affairs Committee hearing on his nomination of to be chairman of the Securities and Exchange Commission (SEC) on Capitol Hill in Washington, U.S. March 23, 2017. REUTERS/Jonathan Ernst W... More »
FILE PHOTO – A United Airlines Boeing 787 taxis as a United Airlines Boeing 767 lands at San Francisco International Airport, San Francisco, California, U.S. on February 7, 2015. REUTERS/Louis Nastro/File Photo United Airlines said on Thursday it would offer p... More »
FILE PHOTO – A logo of Takata Corp is seen with its display as people are reflected in a window at a showroom for vehicles in Tokyo, November 6, 2015. REUTERS/Toru Hanai/File Photo Ran Kim More »
Joseph Meli and his wife, Jessica Meli, exit U.S. Federal Court in Manhattan, New York, U.S., January 27, 2017, after Meli and Steven Simmons were charged with running a criminal Ponzi scheme that swindled investors in a purported ticket-reselling business for... More »
Fox News host Kelly Wright reacts during a news conference to address a race discrimination class-action lawsuit filed against Fox News on behalf of former and current Fox News employees, in New York City, NY, U.S. April 26, 2017. REUTERS/Brendan McDermid Fox ... More »
Roger Ailes, chairman and CEO of Fox News and Fox Television Stations, answers questions during a panel discussion at the Television Critics Association summer press tour in Pasadena, California July 24, 2006. REUTERS/Fred Prouser/File Photo Television journal... More »
FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo The U.S. Homeland Security Department’s inspector g... More »
Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo Wells Fargo & Co’s (WFC.N) largest investor, Warren Buffett, has likely already voted... More »
The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo General Motors (GM.N) said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal... More »
Fox News Channel host Bill O’Reilly on the set of his show ‘The O’Reilly Factor’. REUTERS/Brendan McDermid Twenty-First Century Fox Inc has parted ways with star cable news host Bill O’Reilly following allegations of sexual harassment, the company said on Wedn... More »
Bose wireless headphones are pictured in Encinitas, California, United States in this April 19, 2017 photo illustration. REUTERS/Mike Blake Bose Corp spies on its wireless headphone customers by using an app that tracks the music, podcasts and other audio they... More »
A Tesla car charges at a charging station in Beijing, China, April 18, 2017. REUTERS/Thomas Peter Tesla Inc and the former head of its Autopilot program have settled a lawsuit brought by the electric vehicle maker in January, the parties said on Wednesday, in ... More »
U.S. President Donald Trump smiles after signing S.544, the Veterans Choice Program Extension and Improvement Act, at the White House in Washington, U.S., April 19, 2017. REUTERS/Kevin Lamarque President Donald Trump on Wednesday moved a step closer to fulfill... More »
Dynasty Financial Partners LLC, which provides back-end support services to independent wealth management firms, said it had added Next Capital Management to its network of investment advisors. More »
FILE PHOTO: An Apple logo is seen in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson/File Photo Apple Inc (AAPL.O) is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s (6502.T) semiconductor business, p... More »
Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson BlackRock Inc (BLK.N), the world’s largest asset manager, cut total compensation for Chairman and Ch... More »
FILE PHOTO – AIG CEO Peter Hancock speaks during the White House summit on cybersecurity and consumer protection in Palo Alto, California on February 13, 2015. REUTERS/Robert Galbraith/File Photo American International Group Inc’s (AIG.N) board of directors de... More »
Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. More »
FILE PHOTO: A DNA double helix is seen in an undated artist’s illustration released by the National Human Genome Research Institute to Reuters on May 15, 2012. REUTERS/National Human Genome Research Institute/Handout/File Photo The University of California is ... More »
A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake Western Digital Corp (WDC.O) has warned Toshiba Corp (6502.T) that splitting off its chip unit prior to a planned sale of the business violates their j... More »
The sign of AkzoNobel is pictured at its headquarters in Amsterdam February 6, 2014. REUTERS/Toussaint Kluiters/United Photos Dutch paint maker Akzo Nobel (AKZO.AS) said on Wednesday that it had received a request from a group of shareholders led by Elliott Ad... More »
FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid Ride services company Uber Technologies Inc UBER.UL said on Tuesday its head of communications, Rachel Whetstone, will leave the company. More »
Activist investor Bashar Qasem, President and CEO of Azzad Asset Management Inc, speaks to a client during a conference in Huntington Beach, California, U.S. February 18, 2017. REUTERS/Mike Blake Shareholder activism is rare in Islamic finance, but one wealth ... More »
Chuck Robbins, CEO, Cisco, USA, speaks at a Cyber security conference in Tel Aviv, Israel January 31, 2017. REUTERS/Baz Ratner BlackRock Inc (BLK.N), the world’s largest asset manager, on Wednesday said Cisco Systems Inc (CSCO.O) Chief Executive Chuck Robbins ... More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo The billionaire hedge fund manager Leon Cooperman has asked a federal... More »
Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. More »
A worker counts U.S. dollar bills, which are being exchanged for Philippine Pesos, inside a money changer in Manila April 1, 2013. REUTERS/Romeo Ranoco A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose act... More »
Narayana Murthy, founder of Infosys Limited, speaks during a dialogue session at the Asian Financial Forum in Hong Kong January 19, 2015. REUTERS/Bobby Yip The dispute between the founders and the board of India’s second largest software services company Infos... More »
FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen (VOWG_p.DE) em... More »
Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of doll... More »
The logo of Toshiba is seen as a shareholder arrives at Toshiba’s extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai Toshiba Corp’s shareholders on Thursday approved a proposal to split off the Japanese company’s prized NAND ... More »
China’s State Power Investment Corp said Westinghouse’s bankruptcy filing would not have a “substantial impact” on the country’s nuclear plans and the two sides would ensure a key AP1000 reactor project would be completed on schedule this year. More »
