NEWS Archive

U.S. stocks poised to pull back as caution sets in ahead of Fed speakers

U.S. stocks were poised for a cautious open on Thursday, ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors. Against a backdrop of mostly weaker global markets, Dow Jones Industrial Average futures YMZ5, -0.06% slipped 34 points to 17,621. Those for the S&P [&hellip

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Former VW CEO quits as Audi chair as emission-scandal probes continue

Image credit: wbur.org Former Volkswagen Chief Executive Martin Winterkorn has stepped down as chairman of luxury brand Audi amid an investigation of two emissions scandals that occurred during his reign at Europe’s largest carmaker. Winterkorn quit his post at Audi on Wednesday, a spokesman at the Ingolstadt-based carmaker said on Thursday, after resigning as chief executive [&hellip

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The 19 most successful CEOs in Europe right now, according to the Harvard Business Review

The Harvard Business Review recently launched its yearly ranking of the world’s best-performing CEOs. The ranking is created by looking at three key financial variables: the change in market capitalisation a CEO has overseen, the country-adjusted total shareholder return, and the industry-adjusted total shareholder return. HBR also measured what it calls ESG, or the environmental, [&hellip

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Dollar steadies against yen, while Aussie dollar surges

Source photo The dollar was almost flat against the yen during Asia trade Thursday, with brightened sentiment prompting selling of the Japanese currency and its perceived safety, which offset dollar selling by investors looking to lock in profits. Meanwhile, the Australian dollar jumped against its rival currencies following a sharp drop in the nation’s unemployment [&hellip

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Amazon debuts in Thomson Reuters 2015 top 100 innovators list

Online marketplace Amazon.com Inc made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp , the world’s largest technology services company, out of the list. Amazon joins the innovators list for the first time for innovations in data centers, devices, electronic methods and systems, according to its [&hellip

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Blackstone to take minority stake in NCR Corp -source

Photo credit: Bloomberg Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal [&hellip

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Activist shareholders were busier and more aggressive than ever in 2015

Source photo Activist shareholders have been busier and more aggressive than ever in 2015, in a move that may cheer the shareholders of target companies but dismay the owners of their debt. There were 178 public campaigns in the year through Oct. 15, up from 165 in the same period a year ago, according to [&hellip

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Experian says receives class actions related to T-Mobile breach

Experian Plc, the world’s biggest credit data company, said it had received a number of class actions related to the theft of T-Mobile US Inc customer data at one of its servers. The company said it was working with the U.S. and international law enforcement agencies to investigate the matter. Experian said the breach at [&hellip

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Dollar trades atop ¥123 in wake of U.S. jobs report

Source photo The dollar stabilized on Monday in spot foreign-exchange trading in Asia, after stronger-than-expected U.S. jobs data on Friday boosted the currency sharply higher on expectations of a rate increase from the U.S. Federal Reserve in December. Yet foreign-exchange market participants are looking beyond the possible rate increase at the December meeting, and starting [&hellip

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Goldman Sachs is ditching its BRIC fund

Fourteen years after coining a term that came to define emerging-market investing, Goldman Sachs has ditched the BRICs. The firm is merging its BRIC fund — which invests in Brazil, Russia, India, and China — with a broader emerging-markets fund, according to a September SEC filing first reported by Bloomberg. “Over last decade emerging market [&hellip

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