Wall Street bonuses to rise 5 to 10 percent this year: consultant
NEW YORK (Reuters) – Wall Street’s biggest risk takers – its bond traders – will probably see their bonuses drop this year, while people in safer roles, such as money managers, will likely get a boost, according to a forecast by compensation consulting…
Qualcomm curbs spending as revenue forecast disappoints
SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday forecast revenue below expectations and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia, and sending its stock down.
Payment start-up Square explores IPO: WSJ
(Reuters) – Square Inc, the payment start-up co-founded and headed by Twitter Inc’s Jack Dorsey, is in discussions with banks about an initial public offering, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
Returns fall as banks struggle to rein in costs” report
LONDON (Reuters) – The operating performance of the world’s top 500 banks deteriorated last year despite widespread restructuring and attempts to cut costs, a report said on Thursday.
Twitter Inc prices shares at $26: source
(Reuters) – Twitter Inc on Wednesday priced its initial public offering above its expected range to raise more than $1.8 billion, according to a source, in a sign of strong investor demand for the most highly anticipated U.S. public float since Faceboo…
Asia stocks subdued, euro rebounds to one-week high ahead of ECB
TOKYO (Reuters) – Asian stocks got off to sluggish start on Thursday as investors hunkered down to take the latest pulse on the U.S. economy and implications for the Federal Reserve’s easy money policy, while the euro perked up ahead of the European Ce…
Qualcomm curbs spending as revenue guidance disappoints
SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday forecast revenue below expectations and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia, and sending its stock down.
Chesapeake Energy received Michigan subpoena: filing
HOUSTON (Reuters) – Chesapeake Energy Corp , already under investigation for possible antitrust violations in Michigan, said in a regulatory filing on Wednesday the state’s attorney general is also probing a possible violation of Michigan’s criminal so…
Creditors to vote on Patriot Coal’s bankruptcy exit plan
(Reuters) – Patriot Coal Corp said on Wednesday it received court permission to send its bankruptcy exit plan to creditors for a vote, positioning it to leave Chapter 11 by year’s end.
Telecom Italia rebel investor calls for Brazil partnership: sources
MILAN (Reuters) – Telecom Italia rebel investor Marco Fossati told an analyst meeting that a partnership with Vivendi’s GVT subsidiary in Brazil would help the Italian phone group relaunch its business, two participants at the meeting said on Wednesday…
