But stocks on Wall Street climbed more than 1 percent and European shares rebounded from early losses.Bank in New York.
The moves come amid rising pressure from two activist funds, which have been agitating for changes at the brokerage.Voce Capital and Philadelphia Financial Management of San Francisco disclosed on Thursday that their collective ownership in the company increased to 8.
DETROIT (Reuters) - Detroit’s Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S.
“No wonder” the yield premium demanded by the markets from emerging markets has been rising, he said.Last year, Gundlach correctly predicted that U.
“Currently Charles de Gaulle International Airport is open, however, we are holding our remaining departures this evening to Paris until we have additional information,” American Airlines spokesman Joshua Freed said.N) said its three scheduled flights would still depart for Paris on Friday evening from hubs in Chicago, Newark and Washington, D.
“I see the risks right now of moving too quickly versus moving too slowly as nearly balanced,” New York Fed President William Dudley said in remarks delivered at the Economic Club of New York on Thursday.Dudley, president and chief executive officer of the Federal Reserve Bank of New York, attends the Economic Club of New York Leadership Excellence Award in New York April 21, 2015.
stocks for much of the day, with Wall Street capping its worst week since August, and dragged U.Friday’s Paris attacks could add to market jitters, analysts said.
The technology industry has pushed for greater transparency on government data requests, seeking to shake off concerns that they are working with the government and violating user privacy.The bulk of government requests came from U.
BRUSSELS - European Union antitrust regulators have extended their investigation into U.3 billion bid for rival Office Depot by about three weeks to March 2 after the companies asked for more time.
O), the owner of MTV, Comedy Central and Nickelodeon, reported weaker-than-expected quarterly revenue on Thursday, although declines in ad sales for its U.The revenue miss was largely due to a lack of hit releases from the company’s Paramount film studio.
(Reuters) - Goldman Sachs Group Inc (GS.N) said it named 425 managing directors on Thursday, the firm’s second-highest title behind partner.
BARCELONA (Reuters) - The $1 billion in added revenue Cisco (CSCO.ST) each expect to see by 2018 from their new partnership to build next-generation networks is just the beginning, top executives said on Wednesday.
The bank, Italy’s biggest measured by assets, said net profit for 2018 was now expected to be 5.3 billion euros ($5.
FRANKFURT (Reuters) - Germany’s motor vehicle regulator will run tests on more than 50 models of 23 German and foreign car brands on suspicion of further manipulation of nitrogen oxides emissions from diesel engines, it said on Wednesday.The Kraftfahrt-Bundesamt (KBA) regulator said the tests were triggered by Volkswagen’s (VOWG_p.
(Reuters) - Dell Inc’s $67 billion offer to buy data storage company EMC Corp EMC.N could be derailed by a tax bill of up to $9 billion, technology news website Re/code reported on Tuesday, citing sources familiar with the matter.
SHANGHAI/NEW YORK (Reuters) - Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd (BABA.PA) filed a suit in New York in May accusing Alibaba of being a giant conduit for counterfeiters and alleging that China’s U.
The Labor Department said import prices dropped 0.The robust dollar and a sharp decline in oil prices have weighed on inflation, which is persistently running below the Federal Reserve’s 2 percent target.
N) said on Tuesday its dermatology business would be hurt in the short term as it moves rapidly to sever ties with a controversial specialty pharmacy.“My short on Valeant has been significantly scaled down from where it was earlier,” said Andrew Left of Citron Research in an interview on CNBC on Tuesday.
WASHINGTON (Reuters) - The government argued Monday that U.Trial in the case began Monday, with the government asking the judge for an injunction to stop the deal.
6 billion contract to supply India’s railways with 1000 diesel locomotives, as the state-owned network looks to foreign capital to help it modernize.“In most of our growth markets, localization is typically a key part of any infrastructure deal we do,” Jamie Miller, chief executive officer of GE Transportation, told Reuters.