Wells Fargo plans quiet assault on Wall Street from glass tower
NEW YORK (Reuters) – As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way.
As Nasdaq entry looms, TMX says Canada market rules must adapt
TORONTO (Reuters) – The chief executive of Canada’s dominant stock exchange operator, TMX Group Ltd , said on Wednesday the country’s capital market rules must swiftly adapt to technological changes and rising competition.
Tata’s UK steel exit raises expectations of European mergers
FRANKFURT (Reuters) – Tata Steel’s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.
Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox
BOSTON (Reuters) – Fidelity Investments has slashed its estimated valuation of technology companies Cloudera and Dropbox, a report on Wednesday showed, in the latest indication of concern over the high prices of startups that have raised many millions …
Valeant seeks lender approval to extend deadline for annual report
(Reuters) – Valeant Pharmaceuticals International Inc said it was asking its lenders to extend until May 31 the deadline for it to file its annual report, lessening the chance of a default on its $30 billion debt if it misses the current deadline of Ap…
Central banks ‘running out of time’ to reflate economies: Bill Gross
NEW YORK (Reuters) – Bond manager Bill Gross, who runs the Janus Global Unconstrained Bond Fund, said central banks are “running out of time” to reflate global economies as their aggressive policies including quantitative easing and low, even negative,…
Thousands of jobs at risk as India’s Tata Steel seeks British exit
PORT TALBOT, Wales/LONDON (Reuters) – Britain battled to save its steel industry on Wednesday after India’s Tata Steel put its British operations up for sale, leaving thousands of jobs at risk as a result of cheap Chinese imports.
SandRidge eyes bankruptcy, restructuring in U.S. shale bust
(Reuters) – SandRidge Energy Inc confirmed on Wednesday it has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganization yet in U.S. shale oil industry.
Twenty-First Century interested in Paramount deal: source
(Reuters) – Twenty-First Century Fox Inc is interested in acquiring a minority stake in Viacom Inc’s Paramount Pictures, a source close to the situation said on Wednesday.
Argentine Senate set to OK debt deal, new bond issuance expected
BUENOS AIRES (Reuters) – Argentina is expected to take a big step toward reentering the global financial system on Wednesday, with the Senate set to pass a landmark deal to repay creditors who rejected earlier restructurings of the country’s sovereign …
