(Reuters) – Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and healthcare stocks weighed on the S&P 500 and Dow.
BOSTON (Reuters) – A former State Street Corp executive directed a fraudulent scheme to overcharge several of the bank’s clients, including Kuwait’s sovereign wealth fund, by applying secret commissions to billions of dollars’ worth of trades, a U.S. prosecutor told jurors on Tuesday.
LONDON (Reuters) – Standard Chartered is drawing up plans to consolidate its Asian operations into two hubs – one in Hong Kong and one in Singapore – in order to better manage its capital, a source familiar with the matter said on Tuesday.
The U.S. economy continues to grow and doesn’t show many signs of stopping. …read more […]
(Reuters) – Two of Allergan Plc’s shareholders – hedge funds Appaloosa Management and Senator Investment Group – on Tuesday asked the drugmaker’s board to split the role of chief executive officer and chairman, and end its acquisition strategy.
Editor’s Note: The countdown has begun…
It’s now six days before we introduce you to “The shortest way to a rich life.”
On Monday, June 11… the look, feel and name of your daily e-letter will be transformed.
Oh, it’ll still be free. But the mission behind our nearly 20-year-old Investment U e-letter has evolved… along with your needs.
Chief Investment Strategist Alexander Green and ETF Strategist Nicholas Vardy strive to do more than educate you about investing and leave you to fend off the wolves of Wall Street.
Rather, they want you feeling empowered to confidently take charge of your personal journey from financial …read more […]
LONDON (Reuters) – Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business.
(Reuters) – Billionaire investor David Tepper’s hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc’s board to split the office of the chief executive officer and chairman.
(Reuters) – Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an internal memo seen by Reuters.
(Reuters) – Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and energy stocks weighed on the S&P 500 and Dow. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet — rose between 0.5 percent and 1.7 percent, helping the S&P technology index rise 0.5 percent.
LONDON (Reuters) – Short sellers and derivatives traders are betting Deutsche Bank’s share price recovery will prove temporary, with data suggesting short interest in the German lender is the highest of any global bank.
(Reuters) – Billionaire industrialist David Koch is retiring from his role at Koch Industries and associated companies due to health reasons, CNBC reported on Tuesday, citing an internal memo.
Strong numbers on jobs and growth might be illusory. …read more […]
MOSCOW (Reuters) – Russia’s standards agency said on Tuesday it had been informed about the voluntary recall of 19,696 Peugeot and Citroen cars sold between February 2008 and September 2014.
LONDON (Reuters) – Rupert Murdoch will be allowed to buy Sky providing it follows through with a proposal to sell Sky News to Disney or another third party to allay concerns over the media mogul’s influence.
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