Search Results for: stocks
Pfizer wins dismissal of U.S. investor class action ahead of trial
July 9th, 2014
Pfizer Inc (PFE.N) won the dismissal Tuesday of a long-running shareholder class action accusing the company of misleading investors about the safety of its Celebrex and Bextra pain-relieving drugs. The ruling by U.S. District Judge Laura Taylor Swain in ...
Ex-Carter’s executives, NY fund manager get prison for insider trading
July 9th, 2014
Two former executives at Carter’s Inc (CRI.N) and a New York hedge fund manager received prison sentences on Tuesday for engaging in an insider trading conspiracy involving the children’s clothing company’s stock. Eric Martin, a former vice president of ...
Total CEO keeps costly drilling strategy to end: 2014
July 8th, 2014
The chief executive of French oil major Total (TOTF.PA) is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the ...
Israel’s Matomy says new requirement paves way for London float
July 8th, 2014
Israeli digital advertising firm Matomy Media Group said on Monday its renewed bid to float on the London Stock Exchange (LSE) comes after the bourse made its requirements more accommodating. Matomy, which counts American Express and HSBC among its ...
Yen Holds Biggest Gain in a Week on Stock Drop
July 8th, 2014
The yen remained higher after a gain yesterday that was the biggest in a week, as U.S. stock futures point to declines in the Standard & Poor’s 500 Index and after Japan reported a bigger-than-expected current-account surplus. The currency ...
Piketty with Chinese Characteristics
July 4th, 2014
In his bestselling book Capital in the Twenty-First Century, Thomas Piketty argues that capitalism aggravates inequality through several mechanisms, all of which are based on the notion that r (the return on capital) falls less quickly than g (growth ...
Nikkei snaps 3-day winning streak as market awaits US payrolls
July 3rd, 2014
Japanese stocks dropped on Thursday, snapping a three-day winning streak as investors took a breather from recent gains as they awaited the outcome of the US jobs data later in the day. Toshiba Corp, however, soared on a report ...
Sex Video Is New Twist In GSK China Bribery Scandal
June 30th, 2014
GlaxoSmithKline GSK.L on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker’s business in China. The Sunday ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
June 26th, 2014
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell Gidi ...
