(Reuters) – UBS Group AG has appointed Solon Kentas, previously a managing director at Deutsche Bank AG , to lead the Swiss bank’s U.S. consumer and retail dealmaking efforts, UBS announced internally in a memo on Tuesday.
(Reuters) – Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country.
Before her death, Spade was building another fashion brand named after her daughter Frances Spade as Frances Valentine. …read more […]
(Reuters) – The S&P 500 edged slightly higher on Tuesday, on track for its third straight day of gains, while Nasdaq hit an intraday record high with help from the technology and consumer discretionary sectors.
New York City police have confirmed that they are investigating the apparent suicide of fashion designer Kate Spade. Spade was 55 and had a 13-year-old daughter. Kate Spade’s family says they are devastated by her death. …read more […]
OTTAWA (Reuters) – The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday.
(Reuters) – Two of Allergan Plc’s shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the role of chief executive officer and chairman as well as reconsider its acquisition strategy.
(Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report.
SAN FRANCISCO (Reuters) – Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company.
(Reuters) – Declines in financial and healthcare stocks weighed on the S&P 500 and Dow on Tuesday, while strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high.
LONDON (Reuters) – The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global.
FBN’s Neil Cavuto on the death of designer Kate Spade and reports she wasn’t receiving any money from Coach’s $2.4 billion acquisition of the Kate Spade brand. …read more […]
NEW YORK (Reuters) – Consider it the ultimate “like” for a stock: Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company’s stock price up 5 percent on Tuesday as demand surged from equities investors.
U.S. immigration agents made more than 100 arrests Tuesday at a gardening and landscaping company, aided by about 200 law enforcement workers in one of the largest employer stings in recent years. U.S. Immigration and Customs Enforcement said it expected criminal charges including identity theft and tax evasion. No criminal charges have been filed against Corso’s, but the employer is under investigation, authorities said. …read more […]
WASHINGTON (Reuters) – U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook.
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