Musk says talking to Saudi fund, others on Tesla buyout
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign…
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O)…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company…
Goldman Sachs profit rises 44 percent
(Reuters) – Goldman Sachs Group Inc (GS.N) reported a 44 percent rise in second-quarter profit on Tuesday, driven by strength…
Xiaomi puts indefinite delay on CDRs in blow to China’s plans for tech listings
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp (IPO-XMGP.HK) said on Saturday there is no timeframe for a mainland…
Satellite operator Echostar builds stake in bid target Inmarsat
LONDON (Reuters) – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British…
Merrill Lynch to pay $42 million for misleading customers: SEC
WASHINGTON (Reuters) – Bank of America Corp (BAC.N) subsidiary Merrill Lynch will pay a $42 million penalty for lying to…
Former State Street executive faces U.S. fraud trial
BOSTON (Reuters) – A former executive at State Street Corp (STT.N) is set to face trial on U.S. charges that…
Sorrell plots comeback with new listed company after WPP exit
(Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the…
Renault-Nissan-Mitsubishi VC invests first $50 million in startups
TEL AVIV (Reuters) – The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50…
Young digital entrepreneurs in DRC appeal for support to drive sector
While start-ups are flourishing in neighboring Rwanda, digital entrepreneurship remains a challenge in the Democratic Republic of Congo, which is…
INDONESIA: Political parties forced to raise funds via corrupt means
Indonesia’s political parties are often forced to turn to corrupt ways to raise funds as membership fees, state budget and…
U.S. gun lobby takes aim at ‘gun-hating’ banks Citi, BofA
WASHINGTON (Reuters) – The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America…
ISS sides against two Tesla directors, backs split of Musk’s roles
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc (TSLA.O) directors…
Proxy adviser ISS recommends votes against two Tesla directors
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services recommended on Friday that investors cast proxy votes against Tesla Inc (TSLA.O)…
Apple pays Ireland first tranche of disputed taxes
DUBLIN (Reuters) – Apple has paid 1.5 billion euros ($1.18 billion) into an escrow account set up by the Irish…
Credit raters put pressure on Deutsche Bank over new strategy
FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing needs to come up with a convincing strategy swiftly…
Sober in Sin City: Hedge funds focus on work at Las Vegas event
LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those…
BlackRock may keep fees despite executive’s U.S. campaign donation: SEC
NEW YORK (Reuters) – BlackRock Inc can keep fees from the state of Ohio despite a donation one of its…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
Health charity Wellcome pledges funds, calls for rapid response to Ebola in Congo
(Reuters) – Britain’s Wellcome Trust global health charity called for a rapid response to an outbreak of Ebola in the…
Goldman Sachs, Apple to launch joint credit card: WSJ
(Reuters) – Goldman Sachs (GS.N) and Apple Inc (AAPL.O) are preparing to launch a joint credit card, the Wall Street…
Wells Fargo on track for $4 billion in expense reductions
BOSTON (Reuters) – Wells Fargo & Co (WFC.N) on Thursday said it expects efficiency efforts to cut expenses by $2…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce…
Lack of Wall Street back-office deters mainstream crypto investments
NEW YORK (Reuters) – Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have…
Bank of America’s loan to Remington tests its firearms pledge
WILMINGTON, Del./NEW YORK (Reuters) – Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which…
Buffett craves more Apple shares, endorses its buybacks
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested…
Buffett says U.S., China will avoid acting ‘extremely foolish’ on trade
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will…
Buffett’s Berkshire swings to rare loss but performs better
OMAHA, Neb. (Reuters) – Warren Buffett lost money but had a pretty good quarter. A shareholder takes a picture of…
Four found guilty in insider trading case linked to U.S. health agency
NEW YORK (Reuters) – Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday…
Buffett draws them in even as Berkshire comes up short
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street,…
China eases restrictions on foreign ownership of securities ventures
BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which…
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not…
High-profile investors bet on stocks tied to millennials: Sohn Conference
NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas…
U.S. banks push mortgage apps as home lending slows
NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage…
Wall Street eyes earnings stabilizer after FAANG stocks wobble
(Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG…
Spotify puts bank IPO paydays under fund manager scrutiny
LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they…
ISS recommends against Goldman pay plan, worried on costs
BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at…
Pfizer signs deal with Allogene to develop cancer cell therapy
(Reuters) – Pfizer Inc said on Tuesday it signed an agreement with Allogene Therapeutics, a company formed by a consortium…
China warns U.S. it will defend own trade interests
BEIJING (Reuters) – The United States has flouted trade rules with an inquiry into intellectual property and China will defend…
UN launches fresh appeal fund for Boko Haram victims
More than one billion dollars in funding are needed this year to support 6.1 million people affected by the Boko…
Globalists buck U.S. index fund trend
NEW YORK (Reuters) – Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks…