TrailStone buys Cargill’s power and gas group TrailStone buys Cargill’s power and gas group:- Commodities trader and investor TrailStone Group has purchased Cargill Inc’s gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the […]
Business
Business
Morgan Stanley CEO James Gorman 2016 pay up 7 pct to Dollar 22.5 million Morgan Stanley CEO James Gorman 2016 pay up 7 pct to Dollar 22.5 million:- Morgan Stanley (MS.N) Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and […]
U.S. bankruptcy court judge OKs Dollar 425 million for Avaya loan U.S. bankruptcy court judge OKs Dollar 425 million for Avaya loan:- A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its […]
Morgan Stanley, Citi plan Brexit job moves Morgan Stanley, Citi plan Brexit job moves:- U.S. banks Morgan Stanley (MS.N) and Citigroup (C.N) have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. […]
U.S. department stores steady profitability boat even as sales slide U.S. department stores steady profitability boat even as sales slide:- U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis […]
Wall Street Week Ahead, Optimism among S&P 500 CEOs as Trump takes power Wall Street Week Ahead, Optimism among S&P 500 CEOs as Trump takes power:- U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his […]
U.S. bankers tell Europeans to think positively on Trump U.S. bankers tell Europeans to think positively on Trump:- U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. […]
Toshiba making preparations for sale of stake in chip business Toshiba making preparations for sale of stake in chip business:- Japan’s Toshiba Corp (6502.T) has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to […]
Fed’s Yellen says unwise to allow U.S. economy to run hot Fed’s Yellen says unwise to allow U.S. economy to run hot:- With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to […]
China GDP beats expectations but debt risks loom China GDP beats expectations but debt risks loom:- China’s economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a tailwind heading into what is expected to be a turbulent year. […]
