Bank of America veteran deal-maker Boueiz resigns after 21 years: source
Bank of America’s seasoned deal-maker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters....
Hedge fund Third Point calls on Britain’s Prudential to break up
Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split...
Markets bet Fed is pushed to cut rates in coronavirus response
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic...
Dow sinks 1,000 points as pandemic fears rattle Wall Street
The Dow Jones Industrials shed 1,000 points on Monday and the S&P 500 was set for its worst day in two years as a surge...
Stocks, oil tumble; gold spikes as virus fears grip markets
Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases...
Dow briefly falls over 1,000 points as pandemic worries grow
The blue-chip Dow Jones Industrial Average index briefly fell more than 1,000 points on Monday, as investors dumped riskier assets after a jump in coronavirus...
Coronavirus concerns spur odd market moves
Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown....
France’s Sanofi to carve out active drug ingredients business
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide...
UBS releases diversity figures for Americas staff
UBS Group AG said on Monday that 38% of its employees in the Americas at the end of last year were women and 25% were...
Oil slumps 5% on demand concerns as coronavirus spreads
Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect...