Don’t know where U.S. stocks are headed? The options market has a deal for you
NEW YORK (Reuters) – One year after the U.S. stock market topped out, indexes are again near their highs and that makes options traders nervous, so much so that bullish bets on U.S. equities now are bargain priced, even though the underlying stocks are…
U.S. prosecutors to refund hedge fund insider trading settlement
NEW YORK (Reuters) – U.S. prosecutors have agreed to a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading cases tougher, according to court …
BMW revamps R&D for new era of self-driving cars
MUNICH (Reuters) – BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich told Reuters, a move which includes a revamp of its “i” sub-brand of carbon-fibre based electric vehicles.
Oil slips on U.S. economy concern, Brent holds near $50
NEW YORK (Reuters) – Oil prices dipped on Friday on concerns about the U.S. economy, but Brent crude held close to $50 a barrel in choppy trading with support from a weaker dollar and relief that most OPEC members do not plan to flood the market with e…
Executive suicides scratch Switzerland’s picture perfect veneer
ZURICH/FRANKFURT (Reuters) – An unusual number of suicides by top executives in Switzerland has prompted introspection in its business community over how senior managers are dealing with stress as its companies struggle to retain their status in the gl…
Fed likely to avoid rate hike before Britain votes on leaving EU
WASHINGTON (Reuters) – The U.S. Federal Reserve may be forced to delay an interest rate hike at its policy-making meeting in June due to mounting concern over the economic fallout from Britain’s vote on whether to leave the European Union.
Russia to maintain OPEC relations, plans autumn meeting
MOSCOW (Reuters) – Russia, the world’s top oil producer, plans to continue its consultations with OPEC and may hold a meeting with the group this autumn, Energy Minister Alexander Novak told reporters.
Valeant gets another default notice from bondholders
(Reuters) – Troubled Canadian drugmaker Valeant Pharmaceuticals International Inc said it received another notice of default from bondholders for the delay in filing its first-quarter report.
Sumner Redstone has capacity to make trust decisions, says doctor
(Reuters) – A psychiatrist who examined Sumner Redstone twice last month found the 93-year-old retained the mental capacity needed to remove Viacom Inc Chief Executive Philippe Dauman from the trust that will eventually control the company, according …
Iraq SOMO head says so far, so good for OPEC’s strategy
VIENNA (Reuters) – OPEC’s strategy of letting the oil market balance itself is working as investment in the industry is falling and any recovery will take time to bring new supplies, a senior Iraqi oil official said on Friday.
