Exclusive: Schwab ready to unveil free ‘robo-broker’ service
NEW YORK (Reuters) – Charles Schwab Corp. is weeks away from introducing an automated investing service aimed at winning business from novice investors it does not currently serve, company officials told Reuters.
GM recalls more than half a million cars, SUVs
DETROIT (Reuters) – General Motors Co said on Friday it was recalling 524,384 cars and sport utility vehicles globally in two actions dealing with potential latch problems and loose parts and would stop sales of two new truck models with potential air …
Connecticut attorney general probing JPMorgan breach: source
NEW YORK (Reuters) – Connecticut Attorney General George Jepsen is investigating the massive data breach at JPMorgan Chase & Co , according to a person familiar with the matter.
Stellar U.S. jobs data boosts dollar and stocks
NEW YORK (Reuters) – The dollar climbed to a more than four-year peak and global equity markets rose on Friday after data showed U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, further signs of a relatively st…
Bill Gross to release first investment outlook with Janus on October 9
NEW YORK (Reuters) – Bill Gross will release his first investment outlook with Janus Capital, the smaller rival for whom he left bond fund manager Pimco, next Thursday.
French magistrates propose $6.1 billion fine for UBS: source
PARIS (Reuters) – French investigating magistrates have proposed that UBS AG pay a fine of 4.88 billion euros ($6.16 billion) in an investigation into whether the Swiss bank helped wealthy French individuals dodge tax, according to a judicial source.
Marchionne upbeat on landmark Fiat Chrysler listing
PARIS (Reuters) – With the landmark listing of Fiat Chrysler Automobiles less than two weeks away, CEO Sergio Marchionne has a clear criterion for success: more than half of the merged company’s shares changing hands in New York instead of Milan.
Bond star Gross starts new Janus gig with modest needs
(Reuters) – Bond star Bill Gross will commence his new gig at Janus Capital Group Inc with modest needs – a trader and someone to deal with clients – as he takes over a tiny fund with the hopes of making a big splash.
JPMorgan Chase & Co, others underwrite aggressive Tibco buyout loan: IFR
(Reuters) – JPMorgan Chase & Co has teamed up with unregulated lenders to underwrite a highly leveraged buyout financing for the acquisition of business software maker Tibco Software Inc , which could contravene regulatory guidelines on risky lending, Thomson Reuters IFR reported on Friday, citing sources.
Alibaba files with SEC to offer 65.9 million shares
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Limited will offer up to about 65.9 million shares worth about $5.06 billion under stock-based compensation plans, the company said in a regulatory filing on Friday.
