Asian shares consolidate gains, bonds fly high
NEW YORK (Reuters) – Asian shares consolidated their recent gains on Thursday while global bond prices surged, pushing their yields to multi-month lows, both supported by expectations of easy monetary policy.
Proxy adviser ISS asks Target shareholders to vote against directors
(Reuters) – Proxy advisory firm Institutional Shareholder Services has recommended that Target Corp shareholders vote against seven of the company’s 10 directors, saying the board failed to manage risks that led to a massive data breach.
Japan April retail sales tumble after tax hike, rebound may take time
TOKYO (Reuters) – Japanese retail sales fell in April at their fastest pace in three years due to declining sales of cars and electronics, offering the first indication of how much consumers are trimming their purchases after a sales tax hike took effe…
BP asks U.S. Supreme Court justice to block Gulf spill payments
WASHINGTON (Reuters) – BP Plc on Wednesday asked Supreme Court Justice Antonin Scalia to allow the company to avoid making payments to businesses demanding compensation for the 2010 Gulf of Mexico oil spill while litigation continues.
Ex-AIG chief Greenberg loses bid to end New York lawsuit
NEW YORK (Reuters) – A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state’s attorney general.
BlackRock CEO says leveraged ETFs could ‘blow up’ whole industry
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink said on Wednesday that leveraged exchange-traded funds contain structural problems that could “blow up” the whole industry one day.
S&P 500 falls shy of a record, breaks four days of gains
NEW YORK (Reuters) – The S&P 500 snapped a four-session winning streak on Wednesday to end just shy of a third straight record closing high.
Long sentence for ex-SAC trader Martoma appropriate: court officials
NEW YORK (Reuters) – A prison sentence approaching 20 years would be an appropriate punishment for Mathew Martoma, a former SAC Capital Advisors LP fund manager convicted of insider trading, U.S. court officials said, prompting his lawyers to object st…
Valeant injects cash into bid for Botox maker Allergan
(Reuters) – Canada’s Valeant Pharmaceuticals International Inc raised the cash component of its unsolicited offer for Botox maker Allergan Inc on Wednesday, but the increased bid fell short of expectations and both stocks dropped.
Boeing 787 receives U.S. approval for extended operations
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Wednesday approved extended operations for Boeing’s 787 Dreamliner, a move that will allow a wider range of routes and that marks a vote of confidence in the high-tech jet at a time of …
