After Snap IPO, U.S. regulator questions unequal voting rights
WASHINGTON/BOSTON (Reuters) – One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights, saying the agency should “focus on how some…
Top investors to back Deutsche Bank despite uncertain future
FRANKFURT (Reuters) – Deutsche Bank’s top three investors, who together own almost 20 percent of its stock, are likely to back its latest capital hike, people familiar with the matter said, although smaller shareholders are skeptical about its turnarou…
Mexico’s America Movil has 65 days to propose separation plan: IFT
MEXICO CITY (Reuters) – Mexico’s telecoms regulator said on Thursday that billionaire Carlos Slim’s America Movil has 65 working days to present a proposal for the legal separation of a part of its fixed-line unit Telmex.
Antitrust rules batter America Movil as uncertainty bites
MEXICO CITY (Reuters) – Shares of billionaire Carlos Slim’s America Movil slumped on Thursday after regulators ratcheted up antitrust measures aimed at breaking Slim’s hold on Mexican telecoms, adding uncertainty to the outlook for his principal cash c…
U.S. weekly jobless claims rise; layoffs fall in February
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but the labor market continues to tighten amid a sharp drop in job cuts in February.
Wells Fargo demotes senior executives in retail banking unit: WSJ
(Reuters) – Wells Fargo & Co has taken further steps to restructure its retail banking business, demoting some senior executives within the bank, the Wall Street Journal reported on Thursday, citing employees and memos.
AIG CEO to resign after dismal earnings, successor unclear
(Reuters) – American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer’s board of directors.
Bill Gross says investors should not be ‘allured’ by ‘Trump bull market’
NEW YORK (Reuters) – Bond investor Bill Gross warned on Thursday that investors should not be tempted into buying high-flying equities and corporate bonds, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel ec…
Linde says Praxair talks move at pace, must win over workers
MUNICH, Germany (Reuters) – Merger talks between German industrial gases group Linde and U.S. rival Praxair are moving speedily and constructively, Linde’s chief executive said, but workers must be persuaded of the benefits of the planned $65 billion…
Bayer, Monsanto start $2.5 billion asset sale to get merger clearance: sources
FRANKFURT (Reuters) – German drug and crop chemical maker Bayer and U.S. seeds company Monsanto are launching asset sales worth roughly $2.5 billion as they seek regulatory clearance for their $66 billion merger, people close to the matter said.
