Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of…
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…
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…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
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…
Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources
(Reuters) – Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a…
Philip Green’s Arcadia avoids collapse as creditors back deal
LONDON (Reuters) – Philip Green’s Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved…
South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
SEOUL (Reuters) – Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1…
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…
Spelling errors, video show Huawei rival stole trade secrets, U.S. jury hears
SHERMAN, Texas (Reuters) – A former engineering manager used Huawei Technologies Co Ltd trade secrets and lured away 24 of…
HSBC plans retail wealth headcount boost; eyes Singapore expansion
HONG KONG (Reuters) – HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by…
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…
GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week…
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…
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…
Warren Buffett says he wants to do more business in Britain, Europe
Shareholders gather to hear from billionaire investor Warren Buffett at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S.,…
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…
U.S. lawmakers grill bank CEOs on social issues
(Reuters) – Chief executives of some of the largest U.S. banks faced off with the House Financial Services committee for…
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…
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes…
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.…
Factbox: Who are PG&E's new directors?
PG&E Corp on Wednesday appointed Tennessee Valley Authority Chief Executive Officer William Johnson as its CEO and added 10 members…
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,…
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…
Blackstone CEO Schwarzman pockets at least $568 million in 2018: filing
FILE PHOTO: Stephen A. Schwarzman, chairman and CEO of Blackstone, attends the World Economic Forum (WEF) annual meeting in Davos,…
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…
Starboard gauges Bristol-Myers shareholder support for Celgene deal
(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among…
Exclusive: Food retailer Smart & Final explores sale – sources
FILE PHOTO – A Smart & Final Stores Inc sign is pictured at one of its stores in Encinitas California…
Australia to overhaul regulators after landmark banking inquiry
CANBERRA (Reuters) – Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking…
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…
Credit Suisse chairman says on track to boost equity return: media
Chairman Urs Rohner of Swiss bank Credit Suisse arrives before the bank’s annual shareholder meeting in Zurich, Switzerland April 28,…
Exclusive: Elliott steps in to boost Arconic’s sale process – sources
(Reuters) – Elliott Management Corp, the activist hedge fund that sits on Arconic Inc’s (ARNC.N) board, has stepped in to…
Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry…
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…
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: sources
MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei,…
UBS warns staff over China travel after banker held in Beijing: source
HONG KONG (Reuters) – Swiss bank UBS Group AG. (UBSG.S) has asked its China wealth management staff to reconsider their…
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…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as…
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…
Elliott demands fresh revamp at Hyundai Motor Group
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh…
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,…
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)…
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…
Exclusive: Carlyle starts preparations for listing of chemicals group Atotech – sources
FRANKFURT (Reuters) – Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group…
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…
Deutsche Bank’s U.S. brokerage fined $1.4 million for reporting problems
NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) U.S. securities division agreed to pay a $1.4 million fine to the…