Blackstone’s new insurance unit targets $100 billion in assets
(Reuters) – Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit’s newly appointed chief said on Monday.
GoPro says open to sale but not actively pursuing
(Reuters) – GoPro Inc would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said on Monday, as its shares partly rebounded from earlier heavy losses.
Wall St. rally eases up as healthcare, banks weigh
NEW YORK (Reuters) – The S&P 500 barely rose on Monday while the healthcare and financial sectors weighed and investors took a breather ahead of earnings season and after the strong rally that marked the start of 2018.
French prosecutor launches probe into Apple planned obsolescence: judicial source
PARIS (Reuters) – A French prosecutor has launched a preliminary investigation of U.S. tech giant Apple over alleged deception and planned obsolescence of its products following a complaint by a consumer organization, a judicial source said on Monday….
Ex-Google engineer fired over gender memo sues for discrimination
SAN FRANCISCO (Reuters) – A former Google engineer fired after he asserted in a memo that biological causes were behind tech industry gender inequality sued his former employer on Monday, saying he was discriminated against as a white man with conserva…
Oil mostly flat as rising U.S. output offsets OPEC worries
NEW YORK (Reuters) – Oil prices were little changed on Monday, trading near their highest since May 2015, as political concerns in some OPEC nations offset projections for higher U.S. oil production.
Visa to boost contribution to U.S.-based employees’ retirement plan
(Reuters) – Visa Inc said on Monday it would increase contributions to its U.S.-based employees’ retirement savings plans as the world’s largest payment processor benefits from a new tax law.
Berkshire may get $37 billion book value boost from U.S. tax cuts: Barclays
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, may see its book value grow by $37 billion because of U.S. tax law changes enacted by President Donald Trump, Barclays Capital analysts estimated on Monday.
Ex-Google engineer sues company after firing over stereotypes memo
SAN FRANCISCO (Reuters) – The former Google engineer fired in August after he wrote a memo that the company said perpetuated gender stereotypes sued his former employer on Monday, saying he was the victim of workplace discrimination and retaliation.
GoPro considering selling itself, hires J.P. Morgan: source
(Reuters) – GoPro Inc is considering selling itself and has hired J.P. Morgan to help it with the process, a source familiar with the matter told Reuters on Monday.
