By Sara Merken (Reuters) – New York-founded law firm Shearman & Sterling said Wednesday it has laid off attorneys and…
U.S. Treasury urges financial firms to examine cloud services
By Pete Schroeder and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Department officials highlighted several challenges facing financial firms that are…
Bayer picks outsider Anderson as CEO after investor pressure
BERLIN/FRANKFURT (Reuters) – Bayer replaced its CEO early, recruiting the former head of Roche’s pharmaceuticals business, as investor criticism over…
Multi-manager hedge funds offer big returns but at high cost
By Nell Mackenzie and Carolina Mandl LONDON (Reuters) – Multi-manager hedge funds charge expense fees about triple the size of…
Third Point says Bath & Body Works can do better, offers to help -letter
NEW YORK (Reuters) – Third Point LLC on Wednesday said Bath & Body Works can perform better financially and called…
Investors focus on buybacks, billionaire tax in Biden speech
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -U.S. President Joe Biden put taxes and corporate stock buybacks…
Shares slip, dollar steady as markets assess Powell comments
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global shares fell and the dollar was steady on Wednesday as…
Bank of Canada’s first published minutes show job, growth data drove rate hike
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada hiked rates last month rather than leaving them…
Fed officials on board with more modest pace of interest rate hikes
By Michael S. Derby and Howard Schneider NEW YORK (Reuters) -Federal Reserve officials on Wednesday said more interest rate rises…
France in new row with Germany and Spain over nuclear-derived hydrogen
By Michel Rose, Belén Carreño and Kate Abnett PARIS/MADRID/BRUSSELS (Reuters) – A new row has erupted between France, Germany and…