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Silicon Valley veteran Bill Campbell dies

Campbell was chief executive of tax software maker Intuit Inc from 1994 to 1998 and again for a few months until January 2000. “He helped us build Google and in countless ways made our success possible,” Eric Schmidt, executive chairman of Alphabet Inc, said in a post.

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Silicon Valley veteran Bill Campbell dies

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The global oil deal that never came to be

It was supposed to be the easiest deal ever reached among key oil market players, a mere formality. Eighteen countries were gathering in the Qatari capital of Doha to rubber-stamp the first joint agreement between major OPEC and non-OPEC nations in 15 years, tackling a huge global glut after flooding the market for two years. Oil prices were rising.

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The global oil deal that never came to be

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Weak markets leave Morgan Stanley struggling to reach return-on-equity target

Trouble in fixed-income markets cut deep into Morgan Stanley’s trading revenue. Morgan Stanley’s return-on-equity, a key measure of how well it uses shareholder capital to earn profits, was 6.2 percent, well below Gorman’s goal of 9 percent to 11 percent by the end of next year. “It must be said that if these markets were to continue as is, our goals would be extremely difficult to achieve and we would therefore take additional appropriate actions,” Gorman said on a conference call

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Weak markets leave Morgan Stanley struggling to reach return-on-equity target