Henderson ties up with Janus to form $6 billion fund firm
LONDON/SAN FRANCISCO (Reuters) – London-based asset manager Henderson Group agreed to buy U.S. rival Janus Capital Group Inc on Monday in an all-share $6 billion deal to cut costs and boost profits in the face of growing competition from index funds….
EU resumes investigation into DuPont Dow merger deal
BRUSSELS (Reuters) – EU antitrust regulators have resumed their investigation into the $130 billion merger of U.S. chemicals giants Dow Chemical and DuPont after the companies provided data they had been asked for.
U.S. opens safety probes into 642,000 SUVs, cars
WASHINGTON (Reuters) – U.S. auto safety regulators said Monday they are opening two new preliminary investigations into 642,000 Ford sport utility vehicles and cars over door latch warning light and steering issues.
General Electric to invest $150 million in Nigeria
LONDON (Reuters) – U.S. industrial firm General Electric plans to invest around $150 million in Nigeria by 2017, a senior executive said on Monday.
Oil drifts after Brent hits $50 per barrel, U.S. crude touches three-month highs
NEW YORK (Reuters) – Oil prices drifted on Monday after Brent crude hit $50 a barrel and U.S. crude reached three-month highs as traders weighed weaker stock markets and a strong dollar against OPEC’s first planned output cut in eight years.
U.S. top court refuses to hear Redskins trademark appeal
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear an appeal by the Washington Redskins challenging a federal agency’s decision to cancel the National Football League team’s trademarks after finding the name disparaging to Native …
U.S. construction spending falls in headwind for third quarter GDP
WASHINGTON, Reuters – U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The successive declines suggest home building mi…
ING plan to cut 7,000 jobs, spend on digital draws union ire
AMSTERDAM (Reuters) – ING Groep’s plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of 900 million euros ($1 billion) by 2021, drew swift criticism from unions of the Netherlands’ largest financial services company on …
BlackRock backs single-fund stress tests, Vanguard against hard rule
LONDON (Reuters) – BlackRock , the world’s biggest asset manager, has told an international financial watchdog it supports plans to stress test individual mutual funds to make sure they function properly during extreme market conditions.
Britain’s Hammond promises new economic plan to handle Brexit turbulence
BIRMINGHAM, England (Reuters) – Britain needs a new fiscal plan to navigate economic turbulence caused by Britain’s vote to leave the European Union, finance minister Philip Hammond said on Monday, stressing the need to balance spending cuts with infra…
