Herbalife billionaire brawl puts spotlight on N.J. professor
BOSTON/NEW YORK (Reuters) – In the battle of investors who’ve made opposite bets on the shares of Herbalife , both sides – including firms led by billionaires Bill Ackman and George Soros – have consulted a New Jersey college professor and studied his …
Analysis: Why Wall Street doesn’t blink at extra $30 billion for Verizon Wireless
NEW YORK (Reuters) – It’s not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months.
Two U.S. traders plead guilty in Venezuelan bank bribery case
NEW YORK (Reuters) – Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors moved to broaden their case.
BoE’s Carney says uncertainty about RBS’ future must end
LONDON (Reuters) – Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland , Bank of England Governor Mark Carney said in a newspaper interview.
Wal-Mart ready to loan $50 million to Bangladesh factories
(Reuters) – Wal-Mart Stores Inc told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements.
Verizon in talks to buy out Vodafone stake: sources
LONDON/NEW YORK (Reuters) – Verizon Communications is close to buying the remaining stake in Verizon Wireless from Vodafone Group PLC it does not own for potentially $130 billion, according to people familiar with the talks, in what could be the third-…
U.S., Switzerland forge bank settlement deal amid tax probe
WASHINGTON (Reuters) – The U.S. Justice Department said on Thursday it had signed an agreement with the Swiss government to allow some Swiss banks to avoid or defer prosecution stemming from a long-running probe of tax dodging by Americans using Swiss …
Icahn raises Nuance stake, may push for board seats
(Reuters) – Activist investor Carl Icahn said he had raised his stake in speech recognition software maker Nuance Communications Inc to 16.9 percent and that he may discuss the possibility of adding his nominees to the company’s board.
Two U.S. traders plead guilty in Venezuelan bank bribery case
NEW YORK (Reuters) – Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors moved to broaden their case.
Renault’s Tavares steps down after hinting at U.S. move
PARIS (Reuters) – Renault SA’s second-in-command, Carlos Tavares, quit on Thursday, two weeks after he dismayed colleagues by hinting he might join one of the U.S. carmakers.
