Exxon’s financial metrics mixed during Tillerson’s decade as CEO
HOUSTON (Reuters) – As the front-runner for U.S. secretary of state, Exxon Mobil Corp Chief Executive Rex Tillerson would bring a global business savvy seldom seen in a Cabinet member, let alone the country’s top diplomat.
CalPERS sues IAC over move to maintain Diller’s voting power
(Reuters) – The California Public Employees’ Retirement System said on Monday it had filed a lawsuit to block IAC/InterActiveCorp from issuing a new class of non-voting stock that it said was aimed at securing Barry Diller’s control over the online me…
Fed gives banks five years to comply with Volcker Rule limits
WASHINGTON (Reuters) – The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply with the Volcker Rule, a reform emerging from the 2007-09 financial crisis that has received some of the harshest criticism f…
Tech, bank shares slip after recent gains; health outperforms
NEW YORK (Reuters) – The S&P 500 and Nasdaq Composite fell on Monday after six sessions of gains, weighed by tech sector stocks, while a rally in energy shares petered out as crude oil gains withered.
Exclusive: California to probe sale of Prudential insurance through Wells Fargo
NEW YORK (Reuters) – The state of California has ordered an investigation into allegations Wells Fargo retail bankers signed up customers for life insurance policies from Prudential Financial without their permission.
Sumner Redstone and daughter pull CBS, Viacom merger plan
NEW YORK (Reuters) – Media mogul Sumner Redstone and his daughter Shari called off their failed effort to merge CBS Corp and Viacom Inc on Monday, sending shares of Viacom – widely viewed as the weaker company – down almost 8 percent.
Oil hits highest since mid-2015 on non-OPEC cut agreement
NEW YORK (Reuters) – Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply, though prices slipped late in the day.
Exclusive: Fox nears firm bid for Sky via scheme of arrangement – sources
LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox aims to table a firm cash bid valuing British broadcaster Sky at 10.75 pounds per share as early as Wednesday for the 61 percent of the company it does not already own, four people familiar…
Chipotle founder Ells takes over as sole CEO at burrito chain
(Reuters) – Chipotle Mexican Grill Inc said founder Steve Ells will retake the helm as sole chief executive officer after co-CEO Monty Moran stepped down on Monday amid intense pressure to turn around the burrito chain that has yet to recover from stri…
Apple in talks to invest $1 billion in SoftBank tech fund: source
(Reuters) – Apple Inc has held talks to invest up to $1 billion in a new $100 billion tech fund being set up by Japan’s SoftBank Group Corp , a source familiar with the matter told Reuters on Monday.
