Exclusive: HKEx offers LME CEO job to Triland Metals executive Martin Pratt – sources
NEW YORK (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEx) has offered the job of London Metal Exchange chief executive to Martin Pratt, two sources familiar with the matter said, picking a veteran broker to lead the bourse through the most tumul…
Analysis: Sovereign funds’ fortunes turn as emerging assets sour
LONDON (Reuters) – The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns.
Facebook launching project to make Internet more affordable
(Reuters) – Facebook Inc’s Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd , Qualcomm Inc and four other companies for a project aimed at bringing Internet access to people around the world who can’t afford it, mirroring efforts…
Analysis: Corporate tax cut in Japan – Be careful what you wish for
TOKYO (Reuters) – Japan’s corporate tax rate is among the highest in the world and getting companies to use more of their earnings to invest and hire is crucial to the economic renaissance promised by Prime Minister Shinzo Abe.
Office Depot ends board dispute with main shareholder Starboard
(Reuters) – Office Depot Inc said on Wednesday it had agreed to allow three executives nominated by its largest shareholder Starboard Value LP to sit on the board of directors, staving off proxy solicitation by the activist investor hedge fund.
JPMorgan close to picking two new directors: source
NEW YORK (Reuters) – JPMorgan Chase & Co is close to naming two new directors with finance and risk management expertise to its board, a source close to the matter said, as the largest U.S. bank faces a new wave of regulatory scrutiny.
Bankruptcy court approves Patriot Coal labor deal
NEW YORK (Reuters) – A U.S. court approved a labor deal between bankrupt Patriot Coal Corp and its miners’ union on Tuesday, putting the company on track to emerge from bankruptcy by the end of the year.
JPMorgan hires New York law firm to help in hiring probe: report
(Reuters) – JPMorgan Chase & Co has hired New York law firm Paul, Weiss, Rifkind, Wharton & Garrison to investigate its hiring practices in Hong Kong, the Financial Times reported citing people familiar with the matter.
NYSE picks JPMorgan, SocGen for Euronext IPO: report
(Reuters) – NYSE Euronext has tapped JPMorgan Chase & Co and Societe Generale to help arrange a potential $1 billion IPO for its European equity operations, Bloomberg news agency reported.
Goldman Sachs technical error causes erroneous U.S. option trades
NEW YORK/CHICAGO (Reuters) – A flood of erroneous trades hit U.S. equity options markets on Tuesday as they opened for business when Goldman Sachs Group sent orders accidentally because of a technical error, the latest trading problem to hit the option…
