Barclays to review the shape and size of its investment bank: Sources
(Reuters) – Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday.
Courts will decide on Fannie, Freddie shareholders: U.S. lawmaker
WASHINGTON (Reuters) – The leaders of the U.S. Senate Banking Committee’s new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies’ renewed profitability, the panel’s top Re…
Herbalife postpones shareholders meeting to April 29
(Reuters) – Nutritional products company Herbalife Ltd , which is being investigated by the Federal Trade Commission, said it postponed its annual shareholders’ meeting to April 29 to continue discussions with Carl Icahn about new board nominees.
Fed nominee Fischer defends Citi stint, toes line on policy
WASHINGTON (Reuters) – Stanley Fischer, President Barack Obama’s nominee to be No. 2 at the U.S. Federal Reserve, on Thursday defended his ties to Citigroup, saying he would have been ill-prepared for his last central banking job without his experience…
Wall Street tumbles as Ukraine tensions rise, China slows
NEW YORK (Reuters) – U.S. stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China.
Anti-union workers sue Volkswagen, UAW over Tennessee plant
(Reuters) – Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost.
Barclays to cut thousands of jobs in its investment banking division: FT
(Reuters) – Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and U.S. heads of the unit, the Financial Times reported, citing sources.
Shell cuts spending in U.S. to lower shale exposure
LONDON (Reuters) – Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale …
Facebook rolls out video ads, aims to capture part of TV-marketing budgets
SAN FRANCISCO (Reuters) – Facebook Inc will allow more marketers to run video advertisements on its website, provided the world’s No.1 social network deem them to be of high-enough quality.
Microsoft poised to fight back as iPad generation shuns Office
SAN FRANCISCO/SEATTLE (Reuters) – It may be one of Microsoft Corp’s biggest squandered opportunities.
