Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund
SAO PAULO (Reuters) – Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.
Nestle nominates three board directors to help advance strategy
LONDON (Reuters) – Nestle proposed three new independent directors to its board on Thursday, as the world’s largest food company seeks to accelerate its transformation into a health-conscious company.
Nigeria sues JP Morgan for $875 million over Malabu oilfield deal
LONDON (Reuters) – Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.
Xerox-Fujifilm deal should have been changed long ago: Icahn
(Reuters) – Hedge fund investor Carl Icahn called on Thursday for the termination or renegotiation of Xerox Corp’s long-running joint venture with Fujifilm Holdings reiterating demands for a change of leadership at Xerox.
Deutsche Bank CEO says overhaul will take time
BERLIN/FRANKFURT (Reuters) – Deutsche Bank’s CEO on Thursday said an overhaul of the bank would take time but plans to turn around its performance were on the right track.
Wall St. rally falters as healthcare, industrials drag
(Reuters) – Losses in healthcare and industrial stocks paused Wall Street’s new year rally that had driven the blue-chip Dow index to its fastest ever 1,000 point rise.
Cold weather chills U.S. homebuilding; jobless claims at 45-year low
WASHINGTON (Reuters) – U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units.
Nigeria sues JP Morgan for $875 mln over Malabu oilfield deal
LONDON (Reuters) – Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.
Exclusive: Blackstone’s Hill hands hedge fund reins to McCormick
BOSTON (Reuters) – After nearly two decades of growing Blackstone Group into the world’s biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.
Wall Street slips from record as healthcare, energy drag
(Reuters) – Wall Street’s main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain.
