CME CEO Gill to retire at year’s end; Duffy to get expanded role
(Reuters) – Phupinder Gill, chief executive of CME Group Inc since 2012, will retire at year’s end, the world’s largest futures market operator said in a statement on Thursday.
Disney promises earnings growth next two years, shares rise
(Reuters) – Walt Disney Co executives promised earnings growth for the next two years, easing investor concerns over a quarterly drop in ad sales and subscribers at its ESPN sports network, sending the media company’s shares up in after-hours trading….
Valeant may seek to clean up its name by changing it: Ackman
NEW YORK (Reuters) – Valeant Pharmaceuticals International Plc , the drugmaker that became a poster child for high drug prices during the U.S. election season, may change its name to help boost its reputation, board member and top investor William Ackm…
Trump outreach to Dimon for Treasury job may fall on deaf ears
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon did not support Republican Donald Trump’s presidential campaign, yet some Trump advisers want America’s most famous banker to become Treasury Secretary to calm nerves on Wall Street.
Snap’s Spectacles make their debut in wacky vending machine
SAN FRANCISCO (Reuters) – Snap Inc on Thursday debuted its video-camera sunglasses in its usual quirky style, setting up a big yellow vending machine on a beach boardwalk where fans could plop down $130 for the “Spectacles” glasses.
Loeb’s Third Point takes share stake in Apple, Visa and Dell
NEW YORK (Reuters) – Dan Loeb’s Third Point hedge fund took a new share stake in Apple Inc, Visa Inc and Dell Technologies Inc during the third quarter, according to regulatory filings late on Thursday.
Trump bets blast Dow to new high, bank sector hits 2008 levels
(Reuters) – U.S. banking sector shares on Thursday surged to levels not seen since the midst of the 2008 financial crisis, pushing the Dow to an all-time high, while technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump…
Wells Fargo CEO says bank changing handling of whistleblower complaints
(Reuters) – Wells Fargo & Co Chief Executive Officer Tim Sloan told workers on Thursday the bank was changing the handling of whistleblower complaints after allegations it retaliated against employees who called an ethics hotline to report sales abuses.
U.S. multinationals eye foreign profits tax break with Trump win
WASHINGTON (Reuters) – Donald Trump’s White House victory moves Apple, Pfizer, Microsoft and other big U.S. corporations much closer than they have been in years to winning a big tax break on $2.6 trillion in foreign profits.
Common cause for Trump and Yellen in continuing job and wage growth
ST. LOUIS/RICHMOND (Reuters) – U.S. President-elect Donald Trump and Fed Chair Janet Yellen may emerge as unlikely allies as the incoming administration moves in line with the central bank to support a “high-pressure” economy that boosts jobs and wages, at least in the short term.
