April 15, 2019

Citigroup profit beats on investment banking boost

Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-interest margin. Powered […]
April 15, 2019

Wall Street dips after lackluster big bank earnings

U.S. stocks slipped on Monday, weighed by losses in financial stocks as earnings from Wall Street’s big banks Goldman Sachs and Citigroup failed to impress. Powered […]
April 15, 2019

Credit Suisse aims to take control of China securities venture

Credit Suisse has agreed to take majority control of Chinese securities venture Credit Suisse Founder Securities Ltd (CSFS), boosting its stake to 51 percent from 33.3 […]
April 15, 2019

Tiger Woods’ Masters win gives Nike investors another reason to cheer

Nike Inc’s long-time brand ambassador Tiger Woods gave investors another reason to cheer on Monday, after the world’s biggest name in golf won the Masters, pushing […]
April 15, 2019

Best Buy CFO to replace Hubert Joly as CEO

Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next chief executive officer, the first woman to lead the consumer […]
April 15, 2019

German prosecutors charge former VW CEO Winterkorn with fraud

German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker’s manipulation of diesel emissions testing, more than three […]
April 15, 2019

Proxy firms Glass Lewis, ISS back Allergan in fight against Appaloosa

Two major shareholder advisory firms urged investors to vote against billionaire investor David Tepper’s hedge fund demand that Allergan Plc immediately split the roles of chief […]
April 15, 2019

U.S. Supreme Court rejects Allergan bid to use tribe to shield drug patents

The U.S. Supreme Court on Monday cast aside pharmaceutical company Allergan Plc’s unorthodox bid to shield patents from a federal administrative court’s review by transferring them […]
April 15, 2019

Goldman Sachs profit beats estimates on lower expenses, higher advisory fees

Goldman Sachs Group Inc beat quarterly profit estimates on Monday as the bank earned more from advising on M&A deals and expenses fell due to lower […]
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