Goldman Sachs sees M&A business weathering market slump
(Reuters) – Goldman Sachs Group Inc , the 2015 M&A champion, is putting a brave face on the prospects for its dealmaking business this year even with markets plunging.
Exclusive: Saudi-backed shipping line UASC resumes Iran business
LONDON (Reuters) – United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic and Saudi Arabia, one of the shipping line’s main sharehol…
Wal-Mart to hike pay for 1.2 million workers in 2016
(Reuters) – Wal-Mart Stores Inc said more than 1.2 million of its employees would get a raise in 2016 and introduced new rules allowing staff to carry over paid days off as the retailer aims to retain workers amid a tight U.S. labor market.
Exclusive: European industry commissioner demands action from VW
BRUSSELS/BERLIN (Reuters) – Germany’s justice minister and Europe’s industry boss raised the pressure on Volkswagen to compensate European consumers as well as U.S. drivers for its diesel emissions scandal, potentially adding to a hefty bill.
Netflix swept up in market rout despite strong subscriber signups
(Reuters) – Netflix Inc’s shares fell as much as 10 percent on Wednesday after a widespread selloff on Wall Street overshadowed the video streaming company’s impressive subscriber additions in the fourth quarter.
Ex-CEO to take stand in court fight for American Apparel
CHICAGO/WILMINGTON, Del. (Reuters) – American Apparel’s former chief executive officer, Dov Charney, will take the stand in Bankruptcy Court on Wednesday in a last-ditch effort to wrest control of the teen retailer from a group of hedge funds.
Exclusive: KPMG withdraws audit opinions on CFTC over accounting error – documents
WASHINGTON (Reuters) – The U.S. regulator that polices the complex derivatives markets is struggling to keep its own books in order and has made a material error that its auditor found so significant that it withdrew nearly a decade of its financial op…
Goldman posts smallest profit in four years; revenues top estimates
(Reuters) – Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years as a $5 billion legal settlement from the financial crisis added pain to an already tough three months.
Revamped Airbus A320neo debuts as oil slide continues
DUBLIN (Reuters) – European planemaker Airbus said on Wednesday it had delivered the first A320neo, a fuel-efficient upgrade of its best-selling jetliner, to German carrier Lufthansa.
Retiring hedge fund Nevsky: a canary in the coalmine?
LONDON/NEW YORK (Reuters) – For anyone looking to make money in financial markets over the next few years, the recent activity of some leading hedge funds does not bode well.
