Morgan Stanley’s Pick promoted to head of institutional securities: memo
Morgan Stanley has promoted Ted Pick to head of its trading and investment banking businesses, the most recent elevation for an executive who has overseen several key initiatives at the Wall Street bank.
SEC charges ex-Heartland Payment CEO with insider trading
The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping his longtime romantic partner about the payment processor’s $4.3 billion takeover by Global Paym…
Oil pares gains on Norway, Libya supply disruptions
Oil prices rose on Tuesday on growing supply disruptions in Norway and Libya, but gains were pared after the United States said it would consider requests for waivers from Iranian oil sanctions.
Air France-KLM CEO hunt signals industry strategy shift under Macron
The hunt for a new chief executive to lead Air France-KLM, a group hobbled by union resistance to cost-cutting at its French brand, is testing President Emmanuel Macron’s resolve for a lighter state touch on the economy.
Pepsi, oil drive S&P 500 to four-month high
U.S. stocks rose on Tuesday, with the S&P 500 hitting a four-month high, as energy companies got a lift from firming oil prices and strong results from PepsiCo signaled a flying start to the second-quarter earnings season.
U.S. stocks rise on oil, strong earnings as dollar gains
The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as investors bought riskier assets.
PepsiCo beverage sales signal gradual recovery, shares rise
PepsiCo Inc’s better-than-expected quarterly results on Tuesday pointed to signs of a gradual recovery in its struggling soda business as the company doubled down on efforts to promote colas, setting shares up for their best day in seven years.
Boeing first-half orders more than double that of Airbus
Boeing Co booked more than twice as many aircraft than rival Airbus SE in the six months ended June, and the planemaker said that deliveries rose more than 7 percent.
SEC accuses ex-Heartland Payment CEO of insider trading
The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc and his romantic partner with insider trading ahead of the payment processor’s $4.3 billion takeover by Global Payments Inc .
Tesla goes big in China with Shanghai plant
Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturi…
