RBS first-quarter profit trebles
LONDON (Reuters) – Royal Bank of Scotland (RBS) trebled its profit in the first quarter, beating analysts’ expectations and handing a boost to new Chief Executive Ross McEwan as he looks to turn around the government-controlled bank’s fortunes.
Google faces antitrust lawsuit on U.S. mobile internet search
(Reuters) – Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company “illegally monopolized” the Internet and mobile search market in the United States.
Bund yield at one-year low on Ukraine, payrolls caution
LONDON (Reuters) – Global markets traded cautiously on Friday as uncertainty ahead of U.S. employment figures and tensions in Ukraine pushed the yield on 10-year German Bunds to their lowest in a year.
U.S. seeks another extension for Okada payments probe
TOKYO (Reuters) – U.S. prosecutors are seeking to put a civil lawsuit between Wynn Resorts Ltd and Japanese billionaire Kazuo Okada on hold for another six months to continue a criminal investigation into Okada and his companies regarding payments in t…
Twitter stock slumps 50 percent as Goldman, Deutsche Bank still say `buy’
(Reuters) – Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company’s shares might be kicking themselves.
SEC probing hedge funds’ bets on Herbalife
BOSTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is probing whether a number of hedge funds many have acted improperly when they made bets on nutrition and weight loss company Herbalife Ltd last year, a source said.
GM’s fate in hands of bankruptcy judge – again
NEW YORK (Reuters) – Five years ago, New York bankruptcy Judge Robert Gerber oversaw the historic bankruptcy of General Motors, establishing a new company that is shielded from liability for the actions of its precursor.
Exclusive – New York attorney general eyes exchanges in high frequency probe: sources
NEW YORK (Reuters) – The New York Attorney General’s office is seeking information from exchanges and alternative trading platforms about their relationships with high frequency trading firms, as part of its probe into allegedly unfair trading practice…
‘Bond King’ Gross suffers twelfth month of Pimco fund outflows
NEW YORK (Reuters) – The flight from the Pimco Total Return Fund continued apace in April with investors withdrawing another $3.1 billion, the 12th straight month of outflows from the world’s largest bond fund, run by Bill Gross.
LinkedIn’s sales outlook again falls short
SAN FRANCISCO (Reuters) – LinkedIn Corp forecast 2014 revenue below Wall Street’s expectations on Thursday, underscoring concerns about its ability to sustain its rapid growth and helping to drag its shares more than 3 percent lower.
