Morgan Stanley CFO says companies need more female executives
NEW YORK (Reuters) – Morgan Stanley Chief Financial Officer Ruth Porat on Wednesday called on government and corporate leaders to encourage the promotion of women into senior business roles, saying the number of women in top positions at U.S. corporati…
China services activity ticks up in March: HSBC PMI
BEIJING (Reuters) – Activity in China’s services industry rose to a four-month high in March, a private survey showed on Thursday, even as persistent weakness in manufacturing has reinforced fears of a sharper-than-expected economic slowdown.
SEC commissioner calls for review of exchange rebate model
(Reuters) – The U.S. Securities and Exchange Commission should consider a temporary program to test the effects of banning the most common method of pricing used by stock exchanges, as it may cause conflicts of interest, a commissioner at the regulator…
Brazil may end tightening after raising rates to two-year high
BRASILIA (Reuters) – Brazil raised interest rates to a two-year high on Wednesday, but signaled that it is ready to halt its aggressive monetary tightening if a surge in inflation subsides in coming weeks.
Amazon leaps into home entertainment fray with $99 Fire TV
NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc made a play for the increasingly crowded home entertainment arena by unveiling the $99 “Fire TV” video and game streaming device on Wednesday, with hopes of boosting its main online retail business over…
Brazil raises key interest rate to two-year high
BRASILIA (Reuters) – Brazil raised interest rates for the ninth straight time on Wednesday, prolonging one of the world’s longest-running monetary tightening cycles after a surge in food prices stoked already high inflation in an election year.
Fed should hike rates in second half of 2015: Williams
(Reuters) – The Federal Reserve should start raising U.S. interest rates in the second half of next year, and should do so only gradually, keeping borrowing costs well below normal levels even into 2017, a top U.S. central banker said on Wednesday.
Ex-Evercore banker pleads guilty to insider trading charges
NEW YORK (Reuters) – A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child.
S&P 500 ends at another record; data puts jobs in focus
NEW YORK (Reuters) – The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback.
Juniper to cut 6 percent jobs, focus on high-growth businesses
(Reuters) – Network gear maker Juniper Networks Inc, which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.
