Global fund managers face multi-asset skills shortage
LONDON (Reuters) – Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed on Monday.
Top Alibaba executives, investors may expand board after IPO: filing
SAN FRANCISCO (Reuters) – A group of 27 top executives and investors in Alibaba Group Holding Ltd, including co-founder Jack Ma, can appoint another two directors to the company’s board once it goes public, according to a U.S. regulatory filing on Frid…
Tech earnings take center stage
NEW YORK (Reuters) – Earnings from some of the biggest U.S. technology companies will take center stage this week, giving investors a chance to re-evaluate the sector’s health.
Samsung halts business with supplier in China on child labor concern
SEOUL (Reuters) – Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoring of labor practices at suppliers was inadequa…
Swiss chocolate maker Lindt agrees to buy Russell Stover
ZURICH (Reuters) – Swiss chocolate maker Chocoladefabriken Lindt & Spruengli said it had agreed to acquire family-owned U.S. candy business Russell Stover, making it the no.3 chocolate manufacturer in North America.
Insurers struggle to get grip on burgeoning cyber risk market
PARIS/BOSTON (Reuters) – Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.
Exclusive: Prosecutors’ case against GM focuses on misleading statements
NEW YORK (Reuters) – Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM’s 2009 bankruptcy,…
Airbus jet re-launch heralds busy aerospace show
FARNBOROUGH, England (Reuters) – Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry sources said, deepening a contest with Boeing for up to $250 billion of orders at the core of the …
Plateau in smoking suits helps Reynolds-Lorillard deal
NEW YORK (Reuters) – Smoking-related lawsuits against U.S. tobacco giants are leveling off, making it more likely that a merger between rivals Reynolds American Inc and Lorillard Inc will go through, analysts who follow the industry said.
HSN CEO Grossman declined offer to run JCPenney: WSJ
(Reuters) – Mindy Grossman, the chief executive of HSN Inc , considered but turned down an opportunity to become JCPenney Co’s next chief executive, the Wall Street Journal said on Sunday, citing people familiar with the matter.
