management
Wife of billionaire Pimco co-founder Bill Gross files for divorce
December 9, 2016 by creative · Leave a Comment
NEW YORK (Reuters) – The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage.
Read more here:
Wife of billionaire Pimco co-founder Bill Gross files for divorce
management
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ
September 14, 2016 by admin · Leave a Comment
The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses
See the original post:
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ
management
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ
September 14, 2016 by admin · Leave a Comment
The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses to customers is still important to growing its business.
Continued here:
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ
management
VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe
July 4, 2016 by publisher · Leave a Comment
Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to also compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from U.S. customers just because of a different legal system. “We have a…
See original here:
VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe
management
Volkswagen brand chief says no plans to step down despite investigation
July 4, 2016 by publisher · Leave a Comment
Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from
Original post:
Volkswagen brand chief says no plans to step down despite investigation
management
Fed to delay rate hike until September on tame inflation outlook: Reuters poll
May 12, 2016 by admin · Leave a Comment
The U.S. Federal Reserve will likely wait until September before raising interest rates again, stretching to nine months the time since its first hike in nearly a decade, as it waits for clear signs inflation is picking up, a Reuters poll found. This is the second time this …
Original post:
Fed to delay rate hike until September on tame inflation outlook: Reuters poll
management
DoubleLine’s Gundlach sees ‘some rebellion’ from Fed hawks
May 12, 2016 by publisher · Leave a Comment
Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Thursday that the Federal Reserve will be challenged to raise interest rates this year. Fed officials seem to be in disagreement about the timing and number of rate hikes in 2016, Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said on an investor webcast. There's “some (hawkish) rebellion showing up at the Fed,” Gundlach said.
Read more from the original source:
DoubleLine’s Gundlach sees ‘some rebellion’ from Fed hawks
management
Hedge fund managers give stock picks in Vegas at SALT conference
May 12, 2016 by elegant · Leave a Comment
Hedge fund managers on Thursday named some of their recent investments, including a bet that shares of American Airlines Group would fall and shares of both Chinese Internet company Tencent and chipmaker Xilinx would rise, in addresses at one of the industry's most prominent conferences. John Lykouretzos, who runs $2.8 billion Hoplite Capital Management Lp, disclosed his negative case against American Airlines, which helped push the stock down as much as 4.7
Excerpt from:
Hedge fund managers give stock picks in Vegas at SALT conference
management
Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul
February 16, 2016 by creative · Leave a Comment
By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) – The U.S. Federal Reserve's newest policymaker and a former point man for the government's bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers. In his first speech as head of…
Here is the original:
Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul
management
Apollo Global’s ADT deal shows appetite for M&As still strong
February 16, 2016 by admin · Leave a Comment
(Reuters) – Private equity firm Apollo Global Management LLC will buy ADT Corp in the biggest leveraged buyout so far this year to create a business with nearly a third of North America's electronic security products market.
See more here:
Apollo Global’s ADT deal shows appetite for M&As still strong