Private equity firm KKR has agreed to buy health information giant WebMD in a deal valued at about $2.8 billion. Fred Katayama reports. Continue reading
Finding a safe investment which offers a good return isn’t easy in these days of low interest rates. As a Hayley Platt reports rare first edition books are increasing attracting investor interest. Continue reading
China stocks plunge more than 8 percent, their biggest one-day drop in more than eight years, as a government-triggered rebound peters out amid profit-taking, concerns over economic health and fears of an end to Beijing’s inclination toward looser monetary policies.
(Reuters Business Report) – They traded everything, from corn and soybeans to crude oil futures, shouting orders and making trades. But for Chicago futures traders, as of Tuesday morning, the floor of the CME will be quiet. Open outcry ended at the closing bell on Monday, capping a 167 year run in the city where it was born.
John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.
(BVO) – Silicon Valley powerhouse venture capital firm Kleiner, Perkins, Caufield and Byers was cleared on Friday of claims it short-circuited the career of a former partner because she is a woman, in a gender discrimination trial that shook the tech world.
(BVO) – Can it get any worse for HSBC? On this evidence probably not.
Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
The leader of Spanish anti-austerity party Podemos (We Can) confirms that Herve Falciani, the so-called HSBC whistle-blower, will help his party with its election programme by producing a tax fraud report for the Spanish party.