Archives
Citigroup Said Poised to End Mortgage Probe With $7 Billion Deal
July 14th, 2014
Citigroup Inc. (C) and U.S. authorities will announce a $7 billion agreement as soon as today to end probes of the bank’s sales of mortgage-backed bonds, according to a person with direct knowledge of the matter. The deal, signed ...
Global fund managers face multi-asset skills shortage
July 14th, 2014
Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed on Monday. With stock markets struggling to match the stellar gains of 2013, ...
European Stocks Advance With Asia as Gold, Oil Retreat
July 14th, 2014
European and Asian stocks advanced with U.S. equity-index futures after a gauge of global shares suffered its biggest weekly loss in three months. Gold fell from a four-month high, corn slid a 10th day and oil dropped as the ...
Shire says ready to recommend AbbVie’s $53 billion offer
July 14th, 2014
London-listed drugmaker Shire said on Monday it was ready to recommend a new 31 billion pounds ($53 billion) takeover offer from AbbVie, entering talks after receiving a fifth bid from the U.S. firm. Chicago-based AbbVie, which wants to buy ...
Interview with GoCoin’s Steve Beauregard
July 14th, 2014
I visited Los Angeles Bitcoin Incubator Bitropolis earlier this year, and I got to meet Steve Beauregard, the founder of GoCoin. While in his office in the scenic Santa Monica, CA, I had a few questions for him– and ...
Whiting To Buy Kodiak For $3.8 Billion, Create No. 1 Bakken Producer
July 14th, 2014
Whiting Petroleum Corp. said on Sunday it would acquire Kodiak Oil & Gas Corp. for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations, eclipsing Harold Hamm’s Continental Resources Inc. . By ...
Barclays Wealth exodus of high-profile staff continues
July 14th, 2014
Barely a month passes without news of another senior departure from Barclays Wealth. The unit, which manages £200bn of assets, resembles something of a revolving door, but the bank denies the high turnover of staff is indicative of retention ...
NZ Dollar Outlook: Kiwi may test post-float high as inflation looms
July 14th, 2014
The New Zealand dollar may test a post-float record this week with second-quarter inflation figures likely to underline the Reserve Bank’s path to higher interest rates, though the currency may struggle to hold those gains. The kiwi may trade ...
Samsung suspends China supplier over child labor
July 14th, 2014
Samsung Electronics Co. said it has suspended business ties with a Chinese supplier that allegedly hired children. The South Korean company, which is the world’s biggest smartphone maker, said in its blog Monday that it had found possible evidence ...
Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns
July 14th, 2014
Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. Banco Espirito Santo SA ...
