Goldman revamps electronic stock trading to catch rival
NEW YORK (Reuters) – Raj Mahajan achieved a rare feat when he rejoined Goldman Sachs Group Inc last year with the coveted title of partner, the Wall Street bank’s highest rank. Then he got to work on fixing the pipes.
Ex-Anglo Irish CEO charged with fraud and forgery on return home
DUBLIN (Reuters) – The former head of Anglo Irish Bank was formally charged on Monday on 33 counts relating to the collapse of the failed lender, appearing in an Irish court for the first time since his extradition from the United States.
Shares, dollar rise, with eyes on central bank decisions
LONDON (Reuters) – European shares followed Asian stocks higher on Monday, adding to gains chalked up after last week’s stimulus package from the European Central Bank, while oil prices fell as Iran dashed prospects of a quick deal to freeze output.
Grand Marnier says Campari to buy its distribution unit
PARIS (Reuters) – Grand Marnier said on Monday that Italy’s Campari , the world’s sixth-largest premium spirits maker, was set to acquire the global distribution business of the French cognac maker, confirming a report by Bloomberg.
Activist investors question United Airlines CEO’s board role, pay
NEW YORK (Reuters) – The two hedge funds that launched a boardroom fight with United Continental Holdings Inc last week oppose the airline’s plans to give Chief Executive Oscar Munoz the additional role of chairman and have concerns about his compensat…
India’s codeine cough syrup ban hits Pfizer, Abbott units
MUMBAI/NEW DELHI (Reuters) – Pfizer Inc and Abbott Laboratories on Monday said they would comply with a ban on a popular cough syrup in India after it was added to a local list of prohibited drugs, sending shares in the U.S. firms’ Indian subsidiaries …
Plaintiffs face critical legal tests in GM ignition-switch cases
NEW YORK (Reuters) – People suing General Motors Co over a faulty ignition switch will get two chances in a Manhattan court this week to argue that the U.S. automaker should be held accountable for injuries, deaths and lost vehicle value.
Bank of Japan scrambles to find positives in negative rates
TOKYO (Reuters) – Bank of Japan (BOJ) officials have been scurrying to commercial banks to explain and apologize for its surprise adoption of negative interest rates in January, while Prime Minister Shinzo Abe has distanced himself from a decision that…
Ex-employee sues VW in U.S. over data deletion: German media reports
FRANKFURT (Reuters) – A former employee of Volkswagen’s U.S. subsidiary is suing the company for damages, claiming he was unlawfully fired after flagging internally what he alleged was illegal deletion of data, a group of German media outlets said on S…
Turning to frack tech, stricken U.S. oil drillers test new limits
NEW YORK (Reuters) – Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot.
