Yahoo shares rise as board meets and considers sale of Web business
(Reuters) – Plans by Yahoo Inc’s board to consider selling its struggling Internet business sent the company’s shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo’s traditional services from its valuable …
Fed’s Yellen says ‘looking forward’ to day of first rate rise in decade
NEW YORK (Reuters) – Federal Reserve Chair Janet Yellen said on Wednesday she was “looking forward” to a U.S. interest rate rise that will be seen as a testament to the economy’s recovery from recession.
Wall St. ends sharply lower; energy leads decline
(Reuters) – U.S. stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $40 a barrel.
Exclusive: Top investors question whether Viacom’s Redstone should step down
NEW YORK (Reuters) – Two of the largest shareholders in Viacom Inc have made the highly unusual move of publicly questioning Sumner Redstone’s mental fitness to remain executive chairman of the multi-billion dollar media company.
Exclusive: Barclays’ boss wants Blythe Masters to run investment bank – source
NEW YORK/LONDON (Reuters) – New Barclays Plc Chief Executive Jes Staley approached his former JPMorgan colleague Blythe Masters about running the British bank’s investment bank division, a person familiar with the matter said on Wednesday.
Middle East investment in U.S. property rises as returns drag at home
NEW YORK (Reuters) – The boarded-up building sat vacant on a tattered block in San Francisco until a small New York developer and a Kuwaiti real estate partner snapped it up in April 2014, attracted by the proximity to Twitter Inc and other tech compan…
Morgan Stanley names Collins to global healthcare banking co-head role: memo
(Reuters) – Morgan Stanley named John Collins as the co-head of its global healthcare banking group, according to an internal memo on Wednesday. He replaces Clint Gartin, who will become chairman of investment banking.
American Eagle says holiday season sales off to strong start
(Reuters) – Teen apparel retailer American Eagle Outfitters Inc said its holiday season sales were off to a “solid start” and named Jay Schottenstein, who was heading the company on an interim basis, as its permanent chief executive.
Target in $39.4 million settlement with banks over data breach
(Reuters) – Target Corp has agreed to pay $39.4 million to resolve claims by banks and credit unions that said they lost money because of the retailer’s late 2013 data breach.
Freshly minted Square shares become target for short sellers
SAN FRANCISCO (Reuters) – Short sellers did not wait long to bet against mobile payments company Square Inc , whose steeply discounted initial public offering last month increased concerns about sky-high valuations for Silicon Valley’s biggest startups…
