Buffett says anonymous woman wins $3.46 million charity auction for lunch
(Reuters) – Warren Buffett on Tuesday said the anonymous bidder who agreed last week at an annual charity auction to pay $3,456,789 to have lunch with him, matching the previous record high, is a woman.
Justice Department should analyze Dow-DuPont deal: senator
CHICAGO (Reuters) – The chairman of the U.S. Senate Judiciary Committee on Tuesday urged federal antitrust officials to conduct a “careful analysis” of Dow Chemical Co’s proposed $130 billion merger with DuPont, adding pressure on officials to scrutini…
Guilty plea seen for Wall Street scion Caspersen in fraud case
NEW YORK (Reuters) – Wall Street executive Andrew Caspersen will likely plead guilty next month to criminal charges over an alleged $150 million fraud scheme, after compulsive gambling drove him to make huge, failed bets against the U.S. stock market, …
SEC staff recommends approval of IEX, approval likely soon: WSJ
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is preparing to act on a controversial request by new trading group IEX Group Inc to launch a new U.S. public stock exchange, and has received a recommendation from its staff that it appr…
Wide deal spreads make juicy targets for some investors
NEW YORK (Reuters) – Shares of a number of U.S. companies eyed in high-profile deals are trading significantly below their intended acquisition prices on worries that the deals will die, presenting an opportunity for some big-name investors.
Morgan Stanley’s Gorman says bank eyeing $1 billion in FICC trading per quarter
(Reuters) – Morgan Stanley is eyeing quarterly revenue of around $1 billion for its fixed income, currencies and commodities trading unit, Chief Executive James Gorman said on Tuesday.
CEO pay in 2015 tamed by bond yields, Fed expectations
(Reuters) – Chief executives of the biggest U.S. corporations saw their pay rise in 2015 at the slowest rate in seven years, but it’s not because their boards were suddenly getting tough.
South Korea probe into Lotte Group widens with more raids
SEOUL/LAKE CHARLES, La (Reuters) – South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical , heaping further pressure on the country’s fifth-lar…
Bank of America executive says growth of sales force will continue
(Reuters) – Bank of America will continue to increase the number of salespeople as it scales back on support staff, a senior executive said on Tuesday.
Stocks fall, Bund yields go negative on Brexit fears
NEW YORK (Reuters) – Safe-haven German Bund yields fell below zero on Tuesday for the first time and global equity markets slid for a fourth day in a row on intensifying worries about a potential British exit from the European Union.
