Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer
A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer said, the first time a casino has been allowed to recover dues in the country.
White House adviser Kudlow says making progress on China trade talks
White House economic adviser Larry Kudlow said on Friday that the United States and China were making progress on trade negotiations but reaching a deal would take time.
Fed policymakers leave little doubt: Rate hikes can wait
“Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while.
Fed’s Brainard sees mounting negative risks for U.S. economy
Federal Reserve Governor Lael Brainard on Friday became the latest U.S. central banker to worry publicly about rising risks for the U.S. economy, suggesting she could embrace a pause on raising interest rates that has won support among most of her peer…
LJM Partners sues unnamed ‘manipulators’ it blames for volatility losses
LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business.
FedEx to take up to $575 million charge as it starts voluntary buyouts
FedEx Corp said on Friday it could take as much as $575 million in charges as it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs.
Luxury online reseller The RealReal in talks with banks for IPO: sources
U.S. online luxury reseller The RealReal Inc is talking to investment banks about the possibility of an initial public offering (IPO) later this year, people familiar with the matter said on Friday.
Stocks rally on trade hopes, dollar has first weekly gain of 2019
World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict.
FedEx to take up to $575 million charge as it offers voluntary buyouts
FedEx Corp said on Friday it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs.
Morgan Stanley CEO James Gorman pay rises 7 percent to $29 million: filings
Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent to $29 million last year during a period that saw the firm’s net revenues rise 5 percent to $40.1 billion, according to bank filings released on Friday.
