BlackRock supports effort to boost number of women board members
NEW YORK (Reuters) – BlackRock Inc voted for eight proposals pushing U.S. and Canadian companies to adopt policies boosting their boards’ diversity during the most recent quarter, the world’s largest asset manager said on Thursday.
Cautious Fed sends stocks to record highs, dollar dips
LONDON (Reuters) – Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season …
Anthem files lawsuit against Insys Therapeutics
(Reuters) – Health insurer Anthem Inc filed a lawsuit against Insys Therapeutics Inc on Wednesday, alleging the drugmaker fraudulently obtained reimbursements for its opioid painkiller Subsys.
Arconic sued in United States over fatal London tower fire
NEW YORK (Reuters) – A shareholder of Arconic Inc on Thursday filed a lawsuit accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a fire last …
New Honda Accord charges into a slumping U.S. sedan market
DETROIT (Reuters) – Honda Motor Co Ltd on Friday will unveil its newest-generation Accord, one of four re-engineered midsize sedans that Asian automakers are betting on to win market share as Detroit automakers shift focus to SUVs, crossovers and pick…
CEO of Martin Shkreli’s old company likens him to ‘Pied Piper’
(Reuters) – The CEO of Retrophin Inc, the drug company that Martin Shkreli founded and is now accused of conspiring to defraud, compared Shkreli to the Pied Piper on Thursday as he tried to explain to jurors why he stuck with the company in its early …
U.S. attorney general urged to consider blocking AT&T deal for Time Warner
WASHINGTON (Reuters) – Seven consumer advocacy groups wrote to Attorney General Jeff Sessions on Thursday to ask him to consider blocking AT&T’s plan to buy Time Warner on the grounds that it will lead to higher prices and slow innovation in showing video online.
Vanguard CIO Buckley to take over as CEO from McNabb Jan. 1
BOSTON (Reuters) – Vanguard Group, the world’s largest mutual fund manager, said on Thursday Chief Executive Bill McNabb will step down at the end of the year and be replaced by Chief Investment Officer Tim Buckley, betting on the internal successor to…
Investors bullish on financials ahead of bank earnings
NEW YORK (Reuters) – Over the last seven trading days, investors have more than doubled the amount of cash invested in a key financial sector fund, in a bet that second-quarter bank earnings will be robust.
Music streamer SoundCloud has cash until fourth quarter after layoffs
FRANKFURT (Reuters) – SoundCloud, the world’s biggest music-streaming service, is still struggling to find a business model – it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursd…
