Exclusive: Morgan Stanley makes ‘riding the calendar’ less lucrative for brokers
NEW YORK (Reuters) – Wary of brokers who make their money by “riding the calendar” of new stock and bond issues rather than patiently building the firm’s wealth management business, Morgan Stanley is cracking down where it hurts the most: compensation….
Chevron wins a round in U.S. suit against lawyer in Ecuador case
NEW YORK (Reuters) – A federal judge on Friday rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador.
U.S. airline union takes aim at regionals, not JetBlue
NEW YORK (Reuters) – At the end of a week that saw the top U.S. airline pilots’ union win a ringing victory at JetBlue Airways , the union’s head showed his willingness to offer both a carrot and a stick in future dealings with the industry.
Exclusive: U.S. expanding corporate foreign bribery probes to include hiring
WASHINGTON (Reuters) – U.S. government agencies that have been probing banks’ hiring of children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with …
Wall Street Week Ahead: A burst of energy with Exxon, Chevron on tap
NEW YORK (Reuters) – Since late February, when investors fell out of love with biotechnology and other high-flying stocks, the market’s fuel has been oil.
Wall Street trips as Amazon tumbles; indexes slip for week
NEW YORK (Reuters) – U.S. stocks dropped on Friday, pulled lower by a selloff in consumer discretionary stocks as bellwether names Amazon.com and Ford Motor fell in the wake of their quarterly earnings.
U.S. alleges insider trading in eBay deal
WASHINGTON/NEW YORK (Reuters) – The U.S. government on Friday filed criminal and civil charges accusing a former executive of insider trading in advance of eBay Inc’s purchase of his e-commerce company.
Ford profit driven down by North America, warranty costs
DETROIT (Reuters) – Ford Motor Co posted a lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker reported $400 million in higher warranty costs in North America, sending shares down more than 3 percent.
U.S. money manager pleads guilty in long-running fraud case
NEW YORK (Reuters) – More than five years after his indictment, a U.S. money manager and one-time part owner of the New York Islanders hockey team pleaded guilty Friday to engaging in a massive securities fraud.
U.S. appeals court revives Apple patent lawsuit against Google
WASHINGTON (Reuters) – A U.S. appeals court on Friday revived patent claims Apple made against Google’s Motorola Mobility unit that had been dismissed shortly before trial, giving the iPhone maker another chance to seek a sales ban against its smartpho…
