Credit Suisse M&A chairman DeNunzio joins Wells Fargo: sources
(Reuters) – Longtime Credit Suisse Group AG investment banker David DeNunzio is leaving the Swiss bank to become global head of mergers and acquisitions (M&A) at Wells Fargo & Co , according to people familiar with the matter.
SoftBank adds to Alibaba sale, bringing total to $10 billion
TOKYO (Reuters) – SoftBank Group Corp said on Friday it was selling a further $1.1 billion of its shares in Alibaba Group Holding Ltd , bringing the total it has sold in the Chinese e-commerce company to $10 billion.
Redstones oppose speeding up Viacom CEO’s legal case
(Reuters) – Attorneys for Sumner Redstone and his daughter asked a court to reject Viacom Inc Chief Executive Philippe Dauman’s request to move up the trial over Dauman’s removal from the media mogul’s trust, according to court filings on Friday.
Ex-drug executive Shkreli hid control of shares, U.S. says
NEW YORK (Reuters) – U.S. prosecutors tacked on an additional criminal charge to their case against former drug executive Martin Shkreli on Friday, alleging that he tried to conceal from investors his control over unrestricted shares in Retrophin Inc ….
Ex-Oppenheimer adviser arrested for trading on Pfizer employee’s tips
NEW YORK (Reuters) – A former Oppenheimer & Co Inc investment adviser was arrested on Friday on charges he traded on inside information supplied by a childhood friend working at Pfizer Inc about deals that drugmaker was considering.
Exclusive: Saudi’s deputy crown prince to visit U.S. for talks – sources
WASHINGTON (Reuters) – Saudi Arabia’s powerful deputy crown prince is expected to visit Washington in mid-June for talks with top U.S. officials, possibly including President Barack Obama, amid growing friction between the longtime allies, three source…
Tony Fadell, CEO of Alphabet Inc’s Nest, to step down
(Reuters) – Alphabet Inc unit Nest, which makes smart thermostats, said Chief Executive Tony Fadell would step down.
Weak jobs report weighs on Wall Street, bank shares
NEW YORK (Reuters) – Wall Street finished lower on Friday, led down by financial shares, after a surprisingly weak jobs report prompted doubts about the U.S. economy and its ability to sustain a near-term interest rate hike.
Facebook’s Zuckerberg may lose majority voting control if he exits
(Reuters) – Facebook Inc’s board has proposed removing Mark Zuckerberg’s majority voting control in the event of the social media giant’s chief executive and founder deciding to exit management at some point in future.
U.S. lawmakers probe Fed cyber breaches, cite ‘serious concerns’
WASHINGTON (Reuters) – A U.S. congressional committee has launched an investigation into the Federal Reserve’s cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015.
