Real estate stocks have room to gain, residential in favor
(Reuters) – The once-sleepy U.S. real estate sector could be poised to continue its revival into the second half of…
Fearing stock market rout, investors seek shelter in dependable dividends
LONDON (Reuters) – Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
U.S. banks play cat-and-mouse game with Fed on capital returns
NEW YORK/WASHINGTON (Reuters) – An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to…
Shares in big banks climb as Fed approves capital plans
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17,…
When controversies hit, wait-and-see no longer works, U.S. companies find
NEW YORK (Reuters) – When Bank of America Corp (BAC.N) held its annual meeting in April, activists insisted it stop…
Velodyne Lidar hires bankers for an IPO: Business Insider
A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in…
Citi sees case for Fed to lower rates by 50 bps in July
FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong July 28, 2014.…
U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital…
Goldman Sachs combining its private-investing units: WSJ
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York…
Capgemini expands with technology venture capital fund
FILE PHOTO: The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris, France, May…
Investor Ackman opposes United Technologies’ aerospace merger with Raytheon: source
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference…
Brazil’s Caixa picks Morgan Stanley as co-advisor on insurance deals: source
A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar…
Wells Fargo CEO search hobbled by pay limitations: sources
NEW YORK (Reuters) – Wells Fargo & Co’s hunt for a new CEO is being impeded by limits on how…
Uber valued at $82 billion in IPO as market jitters, Lyft woes weigh
NEW YORK (Reuters) – Uber Technologies Inc priced its initial public offering on Thursday at the low end of its…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp…
Berkshire swings to big profit; Buffett laments Kraft Heinz
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big…
Highlights: Wit and wisdom of Warren Buffett, the ‘Oracle of Omaha’
NEW YORK (Reuters) – Warren Buffett, the 88-year-old chairman and chief executive of Berkshire Hathaway Inc, is taking hours of…
‘We screwed up’ not buying Google shares, Berkshire’s Munger says
Berkshire Hathaway Vice Chairman Charlie Munger walks past a crowd at the annual Berkshire shareholder shopping day in Omaha, Nebraska,…
Warren Buffett: Berkshire discloses enough about itself
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at…
Wall Street Weekahead: Record-breaking rally leaving energy stocks behind
NEW YORK (Reuters) – The stock market surge since the start of the year that has sent the benchmark S&P…
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others…
Goldman Sachs to layoff 98 bank employees in New York
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16,…
Sony stock surges after Reuters reports Third Point re-building stake
TOKYO (Reuters) – Sony Corp shares surged more than 9 percent on Tuesday after a Reuters report saying Third Point…
Sony shares surge after Reuters reports Third Point building stake again
FILE PHOTO: A shopper looks at Sony Corp’s Bravia television monitors at an electronics store in Tokyo June 20, 2013.…
Merck KGaA goes hostile in $5.9 billion Versum takeover battle
FRANKFURT (Reuters) – German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on…
The Fed is prodding Americans to buy more on credit
WASHINGTON (Reuters) – The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends…
German lawmakers challenge deputy finance minister’s Goldman link in bank merger
BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of…
Top Wall Street banks working on Deutsche-Commerzbank merger: sources
FRANKFURT (Reuters) – Goldman Sachs and Citi are helping Germany’s two biggest lenders work on their potential $28 billion-plus merger,…
Deutsche Bank merger talks with Commerzbank raise job fears, lift shares
BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on…
Hong Kong suspends UBS, fines it and other top banks $100 million for IPO failures
HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for…
Exclusive: KKR, China’s Tencent eyeing bids for Universal Music – sources
LONDON (Reuters) – U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to…
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
FRANKFURT (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing…
Italy drugmaker Zambon ready to splash out in U.S., China push
MILAN (Reuters) – Italian drugmaker Zambon is looking to China and the U.S. to grow its respiratory and nervous system…
Asset managers brace for more job cuts amid market turbulence
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management…
Fund managers hoping for stock rally look to emerging markets
NEW YORK (Reuters) – After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund…
Defensive stocks top 2019 playbooks
NEW YORK (Reuters) – Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street’s cascade of…
U.S. retirees try to keep cool as stocks tumble
BOSTON (Reuters) – Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of…
Licking their wounds, fund managers prep for rally in ’19
NEW YORK (Reuters) – With bond and equity markets from the United States to emerging markets all on pace to…
UBS lures more money from U.S. super rich to Switzerland
ZURICH (Reuters) – A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS…
Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources
(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO)…
Machines take the blame as U.S. stock market sells off
NEW YORK (Reuters) – Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a…
Lloyds Banking Group to merge £13 billion wealth arm with Schroders: Sky News
(Reuters) – Britain’s Lloyds Banking Group (LLOY.L) is to merge its 13 billion pounds ($17.06 billion) wealth management arm into…
Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’
PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while…
Gambia’s external debt [Business on The Morning Call]
The Gambian Finance Minister, Amadou Sanneh has estimated that the debt of the West African nation that represents nearly 120…
Scooter company Bird enters Latin America with launch in Mexico City
SAN FRANCISCO (Reuters) – California startup Bird said on Friday it has launched its electric scooters in Mexico City, expanding…
Campbell, Third Point urge shareholders to vote for two different boards
(Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the…
SEC halts trading in two cryptocurrency products, citing market confusion
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two…
Goldman drops bitcoin trading plans for now: Business Insider
(Reuters) – Goldman Sachs Group Inc (GS.N) is ditching plans to open a desk for trading cryptocurrencies in the foreseeable…
Israeli radiation therapy firm Alpha Tau raises $29 million
TEL AVIV (Reuters) – Alpha Tau Medical, an Israeli developer of alpha radiation cancer therapy, said on Wednesday it raised…
Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser
DUBAI (Reuters) – Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical,…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O)…
Tesla CEO Musk drops pursuit of $72 billion take-private deal
(Reuters) – Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer…
U.S. stock fund investors show no fear of King Dollar
NEW YORK (Reuters) – U.S. fund investors are in no rush to shore up defenses against the strong dollar. Traders…
UN warns of complacency in fight against AIDS [The Morning Call]
Remarkable progress has been recorded in HIV/AIDS treatment but its not hurray! yet. A “dangerous complacency” as funding dwindles, the…
Chinese internet stock sell-off may shake faith in FANGs
SAN FRANCISCO (Reuters) – A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called…