World + Economy

An employee of the Tokyo Stock Exchange works at the bourse at TSE in Tokyo

Asian stocks break four-day losing streak, RBA in focus

Reuters - MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.39 percent higher in early trade, rising from a three-week low tested on Monday. U.S. stocks rose on Monday, rebounding from losse…

A Yahoo logo is pictured in front of a building in Rolle

Starboard's Smith says Yahoo 'welcoming' since his arrival

Reuters - By Michael Flaherty and Lawrence Delevingne LOS ANGELES (Reuters) - Yahoo Inc's managem…

Trevor Fetter, CEO of Tenet Healthcare, speaks at the Reuters Health Summit in New York

Tenet sees competitors picking up UnitedHealth exchange business

Reuters - Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects othe…

Latest News

  • An employee of the Tokyo Stock Exchange works at the bourse at TSE in Tokyo
    Asian stocks break four-day losing streak, RBA in focus Reuters

    MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> edged 0.39 percent higher in early trade, rising from a three-week low tested on Monday. U.S. stocks rose on Monday, rebounding …

    An employee of the Tokyo Stock Exchange works at the bourse at TSE in Tokyo

    MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> edged 0.39 percent higher in early trade, rising from a three-week low tested on Monday. U.S. stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and dollar weakness eased worries about corporate …

  • Starboard's Smith says Yahoo 'welcoming' since his arrival Reuters

    By Michael Flaherty and Lawrence Delevingne LOS ANGELES (Reuters) - Yahoo Inc's management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined …

    A Yahoo logo is pictured in front of a building in Rolle

    By Michael Flaherty and Lawrence Delevingne LOS ANGELES (Reuters) - Yahoo Inc's management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company's board after a contentious battle, he said on Monday. "Yahoo has been great," said Smith, who was speaking …

  • Tenet sees competitors picking up UnitedHealth exchange business Reuters

    Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects other insurers to step in and absorb UnitedHealth Group Inc's share of the exchange market when the largest U.S. health …

    Trevor Fetter, CEO of Tenet Healthcare, speaks at the Reuters Health Summit in New York

    Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects other insurers to step in and absorb UnitedHealth Group Inc's share of the exchange market when the largest U.S. health insurance provider exits that business, company executives said on Monday. UnitedHealth, one of the biggest sellers …

  • Einhorn's Greenlight Capital invests in Yelp, natgas Reuters

    By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund manager David Einhorn on Monday told investors he had made new investments in natural gas and in business review site Yelp Inc but has exited positions …

    David Einhorn, founder and president of Greenlight Capital, speaks during the Sohn Investment Conference in New York

    By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund manager David Einhorn on Monday told investors he had made new investments in natural gas and in business review site Yelp Inc but has exited positions in Greek banks and financial services company Delta Lloyd . The head of Greenlight Capital said Yelp could double …

  • Hedge fund leader Dalio calls Bridgewater culture 'opposite of a cult' Reuters

    By Lawrence Delevingne LOS ANGELES (Reuters) - Ray Dalio, the billionaire founder of Bridgewater Associates, has defended his firm's unconventional management style - based on employees openly challenging …

    Raymond Dalio, Founder, Chairman and Co-Chief Investment Officer of Bridgewater Associates, speaks at the Milken Institute Global Conference in Beverly Hills

    By Lawrence Delevingne LOS ANGELES (Reuters) - Ray Dalio, the billionaire founder of Bridgewater Associates, has defended his firm's unconventional management style - based on employees openly challenging each other and giving themselves continuous performance feedback - saying it created a focus on "independent thinking." …

  • Johnson & Johnson ordered to pay $55 million in talc-powder trial Reuters

    By Jessica Dye NEW YORK (Reuters) - Johnson & Johnson was ordered by a U.S. jury on Monday to pay $55 million to a woman who said that using the company’s talc-powder products for feminine hygiene caused …

    A bottle of Johnson's Baby Powder is seen in a photo illustration taken in New York

    By Jessica Dye NEW YORK (Reuters) - Johnson & Johnson was ordered by a U.S. jury on Monday to pay $55 million to a woman who said that using the company’s talc-powder products for feminine hygiene caused her to develop ovarian cancer. Following a three-week trial in Missouri state court, jurors deliberated for about …

  • Vanguard Group says website shows 'inflated' balances on some devices Reuters

    The website of Vanguard Group is showing "inflated client account balances" on some mobile devices, a spokeswoman for the index fund manager said via e-mail on Monday. The issue "does not impact actual …

    An Apple store is seen in Los Angeles

    The website of Vanguard Group is showing "inflated client account balances" on some mobile devices, a spokeswoman for the index fund manager said via e-mail on Monday. The issue "does not impact actual account balances or transactions," said the spokeswoman, Katie Henderson Hirt, and is "relegated to Apple devices only." …

  • AIG profit misses again as weak hedge fund returns weigh Reuters

    American International Group Inc , under fire from investors to improve its performance, reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt its investment …

    The AIG logo is seen at its building in New York's financial district

    American International Group Inc , under fire from investors to improve its performance, reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt its investment income. AIG has been scaling back investments in hedge funds, which have borne the brunt of excessive market …

  • SoundCloud extends paid-for music streaming service to UK, Ireland Reuters

    By Harro Ten Wolde FRANKFURT (Reuters) - German online music start-up SoundCloud said on Tuesday it has expanded its new subscription service SoundCloud Go to the United Kingdom and Ireland, weeks after …

    Berlin's SoundCloud CEO Alexander Ljung attends the LeWeb technology conference near Paris

    By Harro Ten Wolde FRANKFURT (Reuters) - German online music start-up SoundCloud said on Tuesday it has expanded its new subscription service SoundCloud Go to the United Kingdom and Ireland, weeks after launching in the United States as it chases competitors such as Apple and Spotify. SoundCloud, which enables people …

  • Global stocks rise, bond prices fall on investor optimism Reuters

    By Dion Rabouin NEW YORK (Reuters) - A weakening U.S. dollar and optimism that commodity prices will steady boosted global stock markets on Monday, pushing down U.S. Treasury prices. "I think we are …

    Traders work on the floor of the NYSE

    By Dion Rabouin NEW YORK (Reuters) - A weakening U.S. dollar and optimism that commodity prices will steady boosted global stock markets on Monday, pushing down U.S. Treasury prices. "I think we are at a turning point" in sentiment, said Bernard Baumohl, managing director and chief global economist at the Economic Outlook …

  • Mexico competition watchdog approves Aeromexico-Delta joint venture Reuters

    Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday. Grupo Aeromexico SAB de CV …

    A Delta plane sits on a runway prior to takeoff at John F Kennedy International Airport in New York

    Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday. Grupo Aeromexico SAB de CV and Delta Airlines Inc are seeking a broad alliance and had asked the commission, known as Cofece, for antitrust immunity …

  • Australian says he created bitcoin, but some skeptical Reuters

    SYDNEY/LONDON (Reuters) - Australian tech entrepreneur Craig Wright identified himself as the creator of controversial digital currency bitcoin on Monday but experts were divided over whether he really …

    Dr Craig Wright, the man claiming to be the inventor of Bitcoin (handout picture/PA)

    SYDNEY/LONDON (Reuters) - Australian tech entrepreneur Craig Wright identified himself as the creator of controversial digital currency bitcoin on Monday but experts were divided over whether he really was the elusive person who has gone by the name of Satoshi Nakamoto until now. Uncovering Nakamoto's real identity would …

  • Goldman Sachs could benefit from buying E*Trade: CLSA Reuters

    (Reuters) - Goldman Sachs Group Inc could benefit if it expanded its traditional banking by acquiring online brokerage E*Trade Financial Corp given the Wall Street bank's revenue has been largely flat …

    The Goldman Sachs logo is pictured on their post as traders work on the floor of the New York Stock Exchange in New York

    (Reuters) - Goldman Sachs Group Inc could benefit if it expanded its traditional banking by acquiring online brokerage E*Trade Financial Corp given the Wall Street bank's revenue has been largely flat this decade, said CLSA analyst Mike Mayo. Goldman would gain from increased deposits, freeing up of excess capital that …

  • U.S. economy still seen growing 1.8 percent in second quarter: Atlanta Fed Reuters

    Commerce Department data showing a 0.3 percent increase in construction spending to an 8-1/2 year high in March raised the Atlanta Fed's GDPNow forecast model's projections on second-quarter residential …

    A plane is seen during take off behind the Statue of Liberty in New York's Harbor as seen from the Brooklyn borough of New York

    Commerce Department data showing a 0.3 percent increase in construction spending to an 8-1/2 year high in March raised the Atlanta Fed's GDPNow forecast model's projections on second-quarter residential investment growth and nonresidential structures investment growth, the Atlanta Fed said.

  • Gannett to urge Tribune shareholders to withhold board slate vote Reuters

    (Reuters) - Gannett Co Inc plans to urge Tribune Publishing Co's shareholders to withhold their votes on election of board nominees as it looks to engage the publisher of Chicago Tribune in takeover …

    The Chicago Tribune building is seen in Chicago

    (Reuters) - Gannett Co Inc plans to urge Tribune Publishing Co's shareholders to withhold their votes on election of board nominees as it looks to engage the publisher of Chicago Tribune in takeover talks. Tribune's shareholders are scheduled to vote on the election of eight nominees to the company's board at its annual …

  • Fidelity raises estimated value of Airbnb, Cloudera and Nutanix Reuters

    Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds …

    A man walks past a logo of Airbnb after a news conference in Tokyo

    Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds that include the $100 billion-plus Contrafund (FCNTX.O), Boston-based Fidelity has become one of the largest investors …

  • Ferrari nudges up earnings view, Marchionne becomes CEO Reuters

    Italian luxury carmaker Ferrari on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins. Ferrari , spun off from …

    Marchionne and Felisa pose with the new Ferrari 488 GTB during the first press day ahead of the 85th International Motor Show in Geneva

    Italian luxury carmaker Ferrari on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins. Ferrari , spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive …

  • Marchionne to succeed Felisa as Ferrari CEO Reuters

    Ferrari Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday. Felisa's departure was expected …

    Marchionne and Felisa pose with the new Ferrari 488 GTB during the first press day ahead of the 85th International Motor Show in Geneva

    Ferrari Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday. Felisa's departure was expected for months after sources told Reuters last August that the executive born in 1946 was getting ready to retire.  …

  • Kinnevik representatives to leave Rocket Internet board Reuters

    By Emma Thomasson BERLIN (Reuters) - Rocket Internet said on Monday two supervisory board members from long-standing investor Kinnevik would step down at its annual shareholder meeting on June 9. The …

    The logo of of Rocket Internet, a German venture capital group is pictured in illustration photo in Sarajevo

    By Emma Thomasson BERLIN (Reuters) - Rocket Internet said on Monday two supervisory board members from long-standing investor Kinnevik would step down at its annual shareholder meeting on June 9. The move follows differences between the two companies over the valuation of joint investments, with Kinnevik putting a lower …

  • Goldman targets 'mass affluent' borrowers with unusual lending plan Reuters

    By Olivia Oran NEW YORK (Reuters) - Goldman Sachs Group Inc, the banking gold standard for the world's elite, sees a future in less prosperous investors. A creative strategy taking shape inside the bank …

    A screen displays the ticker symbol and information for Goldman Sachs on the floor of the New York Stock Exchange

    By Olivia Oran NEW YORK (Reuters) - Goldman Sachs Group Inc, the banking gold standard for the world's elite, sees a future in less prosperous investors. A creative strategy taking shape inside the bank calls for it to partner with small brokerages and wealth management firms to lend money to their clients, many of whom …