Wall Street hopes artificial intelligence software helps it hire loyal bankers
(Reuters) – Clinching a job on Wall Street soon may have as much to do with beating an algorithm as nailing the interview.
China gives U.S. investment quota for first time to deepen financial ties
BEIJING (Reuters) – China said it will give the United States a 250 billion yuan ($38 billion) investment quota for the first time to buy Chinese stocks, bonds and other assets, deepening financial ties and interdependence between the world’s two large…
Japan woman files suit against Takata and Nissan over airbag injuries
TOKYO (Reuters) – A Japanese women has filed a negligence suit against Takata Corp and Nissan Motor Co after she sustained injuries when a passenger-side air bag made by Takata exploded in her Nissan vehicle last year, NHK national television reporte…
Soothing Fed sounds send stocks to five-week high
LONDON (Reuters) – World stocks hit their highest in five weeks on Tuesday as a dovish tone from Janet Yellen cooled near-term U.S. rate hike bets and a seven-month peak in crude prices cheered oil firms.
Verizon to submit $3 billion bid for Yahoo’s internet business: WSJ
(Reuters) – Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc’s core internet business, the Wall Street Journal reported, citing people familiar with the matter.
United, flight attendants extend talks on elusive contract
(Reuters) – United Continental Holdings Inc and its flight attendants have agreed to extend mediated contract talks this month after scheduled discussions ended last week without a deal for unified work rules and benefits, they said on Monday.
U.S. investigators probe Goldman Sachs over Malaysian fund 1MDB: WSJ report
(Reuters) – U.S. law enforcement officials are attempting to identify whether Goldman Sachs Group Inc violated federal law after failing to flag a transaction in Malaysia, the Wall Street Journal reported, citing people it said were familiar with the …
Saudi reform plan aims for revenue surge, salary clamp-down
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia plans to more than triple the government’s non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the econo…
Caesars seeks fresh halt to lawsuits as mediation breaks down
CHICAGO (Reuters) – The bankrupt operating unit of Caesars Entertainment Corp asked a U.S. bankruptcy judge to block creditors from pursuing litigation against its parent on Monday, as talks aimed at resolving the complex case broke down with one grou…
New prince in Wanda land? A dealmaker stakes claim in court of China’s richest man
HONG KONG (Reuters) – A year after he took the reins at a key Dalian Wanda investment arm, Lu Xiaoma’s future in the halls of the Chinese property to entertainment empire will be sealed by a bold arbitrage play.
