Exclusive: Wall Street watchdog to pick insider as arbitration head – source
(Reuters) – The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.
Virgin Money appoints Moreno chairman in runup to possible flotation
LONDON (Reuters) – Virgin Money, the British challenger bank partly owned by entrepreneur Richard Branson, named experienced industry figure Glen Moreno as chairman as it reported strong profit growth, putting it in good shape for an impending stock ma…
Nevada Governor signs $1.3 billion tax break package for electric car maker Tesla
CARSON CITY Nevada (Reuters) – Nevada Governor Brian Sandoval signed a package of bills on Thursday to provide $1.3 billion in tax breaks and other incentives for Tesla Motors, putting a bow on the deal for the electric car company to build a massive f…
Japan’s Mitsui may miss metals profit target on iron ore slump
TOKYO (Reuters) – Japanese trading house Mitsui & Co may miss the current year’s profit target of $1.1 billion for its metals business due to the slump in iron ore, warned a senior executive, who said prices may fall to as low as $80 a tonne before rebounding.
Mexican companies sue Yahoo, law firm, allege conspiracy to avoid $2.7 billion judgment
NEW YORK (Reuters) – Two Mexican companies have sued Yahoo Inc and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012.
Exclusive: Univision to provide content for DirecTV online service by year end
(Reuters) – Hispanic media giant Univision will be a major supplier of content when satellite operator DirecTV launches an Internet-delivered service aimed at a Hispanic audience, according to two people with knowledge of the agreement.
S&P 500 rebounds with energy shares; Dow dips
NEW YORK (Reuters) – U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
Exclusive: Wall Street watchdog to pick insider as arbitration head – source
(Reuters) – The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.
Exclusive: State attorneys general probing AT&T deal for DirecTV
WASHINGTON (Reuters) – State attorneys general working to determine whether Comcast Corp’s deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc’s plans to buy DirecTV , according to sources close to the merger probe.
Icahn wins three board seats at Hertz, shares jump
BOSTON (Reuters) – Billionaire investor Carl Icahn, who has built his reputation on rebuilding companies, won three board seats at Hertz Global Holdings on Thursday, sending the car rental company’s stock price higher in after-hours trading.
