Wall Street expects single-digit S&P 500 gain in 2016: poll
NEW YORK (Reuters) – A weak ending to 2015 and the expectation of improving profit growth in 2016 will set the stage for a single-digit gain in U.S. stocks next year, a modest forecast at least by recent standards, according to strategists polled by Re…
Valeant hires attorney, crisis management firm as U.S. scrutiny mounts
(In December 13 item, corrects first paragraph to delete reference to Valeant as a U.S. company)
Shell sees more job cuts as BG deal gets China green light
LONDON (Reuters) – Royal Dutch Shell expects to slash thousands more jobs to save costs if its takeover of BG Group goes through as planned early next year following a final green light from China.
Alibaba agrees to $266 million acquisition deal with South China Morning Post
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd , a deal that has raised a question over the outlook for its editorial independe…
EU to allow U.S.-style derivatives option to secure transatlantic deal
LONDON (Reuters) – European Union regulators have proposed U.S.-style flexibility in how rules making derivatives safer are applied in a bid to reach a long-delayed transatlantic deal on supervising the $552 trillion sector.
Wall Street veterans say rate-hike past is not prologue for markets
NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz’s clients are concerned, that might as well be ancient history.
Cheniere votes to replace CEO Souki, appoints Shear as interim head
NEW YORK (Reuters) – Cheniere Energy Inc said on Sunday it would replace Chief Executive Charif Souki months after activist investor Carl Icahn took a big stake in the company as it prepared to become the first exporter of natural gas from the United S…
Third Point’s Loeb calls for removal of Dow Chemical chief Liveris: WSJ
NEW YORK (Reuters) – Activist investor Daniel Loeb of hedge fund Third Point has called for the removal of Dow Chemical Co. Chief Executive Officer Andrew Liveris after the company’s agreement to merge with DuPont Co , the Wall Street Journal reported …
The China metal exchange at center of investment scandal
KUNMING, China (Reuters) – The plain four-storey Fanya exchange building in this southern Chinese city is teeming with investigators trying to understand how an obscure metal trading business turned into one of China’s most audacious investment schemes…
Third Avenue parts with CEO after collapse of junk bond fund: WSJ
(Reuters) – Third Avenue Management LLC has parted ways with Chief Executive Officer David Barse after the collapse of the company’s junk bond fund last week, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.
