BofA’s Montag becomes sole COO as co-COO relocates: Bloomberg
(Reuters) – Thomas Montag will become Bank of America Corp’s sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported.
Inflows to Hong Kong ETFs soar as foreigners bet on Chinese stocks
HONG KONG (Reuters) – Offshore investors are rallying behind China’s undervalued equities by plowing billions of dollars into Hong Kong’s exchange-traded funds denominated in the yuan currency.
Microsoft cloud service Azure restored after partial outage
(Reuters) – Microsoft said it resolved an outage on its Azure cloud computing service, which occurred across multiple regions.
Wall St. rallies on M&A blitz and homebuilder data
NEW YORK (Reuters) – U.S. stocks surged on Monday, with the Nasdaq closing at a 14-year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave investors reasons to make bigger bets on the equity market.
Sprint cuts rates, CEO says more new plans to come
OVERLAND PARK Kan./WASHINGTON (Reuters) – Sprint Corp on Monday unveiled a new pricing plan that offers customers 20 gigabytes of data and up to 10 lines for $100, doubling its data offerings, the latest in a string of price cuts and promotions sweepin…
Teen apparel retailer Aeropostale rehires former CEO Geiger
(Reuters) – Teen apparel retailer Aeropostale Inc said it had reappointed Julian Geiger as chief executive as it seeks to win back customers and stanch six quarters of losses.
Standard Chartered nears deal over compliance failure: source
NEW YORK (Reuters) – Standard Chartered Plc is close to a deal to pay between $200 million and $300 million to resolve allegations by New York’s banking regulator that it failed to review high-risk transactions, two years after agreeing to reform its practices, a person familiar with the matter said on Monday.
Dollar General enters race for Family Dollar with $8.95 billion bid
(Reuters) – Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers serving penny-pinching customers.
Lawmakers slam Fed’s crisis lending proposal
WASHINGTON (Reuters) – A bipartisan group of lawmakers on Monday urged the Federal Reserve to restrict its crisis lending programs for big banks, which were criticized as bailouts during the 2007-2009 meltdown.
Pimco hires ex-Moore Capital senior portfolio manager Fahmi
(Reuters) – Pimco said on Monday it hired Mohsen Fahmi, formerly of Moore Capital Management, as managing director and generalist portfolio manager focusing on global fixed income assets.
