Raymond James hires Morgan Stanley team in Maine
(Reuters) – Raymond James Financial Inc said on Thursday it hired a team of four former Morgan Stanley Wealth Management advisers who managed more than $500 million in client assets to join the firm in Maine.
Penney to scrap Martha Stewart home goods line: NYPost
(Reuters) – J C Penney Co Inc is scrapping a line of products designed by Martha Stewart that rival Macy’s Inc has claimed violated its contract with the home goods doyenne, the New York Post reported, citing sources familiar with the matter.
Alaska officials lobby Wal-Mart on salmon-critical move
ANCHORAGE, Alaska/SEATTLE (Reuters) – Alaska officials lobbied Wal-Mart Stores Inc on Thursday to keep selling the state’s wild-caught salmon despite their decision to drop an environmental certification label required by the world’s largest retailer.
Disagreement on targets preceded Zurich CFO’s suicide
ZURICH (Reuters) – On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalize the company’s second-quarter results, due fo…
U.S. judge rejects BofA mortgage modification class action
(Reuters) – A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a class action, a federal judge has ruled.
BRICS to commit $100 billion to FX fund, completion a way off
ST. PETERSBURG, Russia (Reuters) – The BRICS emerging economies will set up a $100 billion fund to steady currency markets, Russia’s Vladimir Putin said on Thursday, but it looks unlikely to be in place soon enough to temper the effects of an expected …
U.S. unlikely to block Chinese purchase of Smithfield
WASHINGTON (Reuters) – The U.S. government should soon give the go-ahead for the largest ever Chinese acquisition of a U.S. company: a Chinese food group’s $4.7 billion deal to buy Smithfield Foods Inc , a person familiar with the matter told Reuters.
Companies should welcome China’s corruption crackdown: U.N. official
VIENNA (Reuters) – An intensifying crackdown on corruption in China is a positive development that should be welcomed by companies doing business there, and not be a source of concern, a senior U.N. crime-fighting official said on Thursday.
Trader to pay $5.2 million to settle Smithfield insider trading case
WASHINGTON (Reuters) – A Thailand-based trader will pay $5.2 million to settle civil charges that he traded on nonpublic information ahead of a public announcement about the proposed acquisition of Smithfield Foods Inc by China-based Shuanghui Internat…
Fiat’s fight over Chrysler stake may not go to trial until 2015
(Reuters) – Fiat SpA may have to wait until 2015 before a judge will decide the price the Italian automaker would have to pay to buy out a minority shareholder of its Chrysler business, according to court filings.
