By David Henry (Reuters) – Asset manager BlackRock Inc is adding Bank of New York Mellon Corp, Citigroup Inc and JPMorgan Chase & Co as custodians for its $2.3 trillion U.S. iShares exchange-traded funds, diversifying beyond long-time partner State Street Corp. The world’s largest asset manager is also expected to add new service providers next …
BlackRock spreads iShares custody work across Wall Street Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in October as exports soared to a record high, potentially setting up trade to contribute to economic growth this quarter for the first time in more than a year. The report from the Commerce Department on Tuesday, which also showed imports rising to …
Record exports sharply narrow U.S. trade deficit Read More »
By Devik Jain, Shreyashi Sanyal and Sinéad Carew (Reuters) -Wall Street’s main indexes finished Tuesday’s session with strong gains as investors shook off some anxiety about the latest coronavirus variant and investors boosted Nasdaq by piling into technology stocks. Intel’s announcement of plans to take its self-driving car unit Mobileye public in the United States …
Wall Street closes higher with Nasdaq boosted by tech rally Read More »
By Elizabeth Culliford (Reuters) – Instagram said on Tuesday it will be stricter about the types of content it recommends to teens in the photo-sharing app and will nudge them toward different areas if they dwell on one topic for a long time. In a blog post, the social media service announced a slew of …
Instagram, ahead of U.S. Senate hearing, tightens teen protection measures Read More »
By Nivedita Balu and Ben Klayman (Reuters) -Intel Corp will keep most of the money it raises next year when it sells a stake in its Mobileye self-driving-vehicle components unit in a planned initial public offering, targeting some of those funds to build more Intel chip plants, Chief Executive Pat Gelsinger said on Tuesday. Intel …
Intel CEO aims to build chip plants with money raised from Mobileye IPO Read More »
(Reuters) -Online brokerage Robinhood Markets Inc said on Tuesday it was seeking a termination of the resale of its common shares by certain investors including affiliates of venture capital firms Andreessen Horowitz and Ribbit. Shares in the Menlo Park-based company were up 2.9% at $23.39 in extended trading. Robinhood said it had been under a …
Robinhood files to terminate share sale from backers Read More »
By Sarah N. Lynch and Chris Prentice (Reuters) – As the inspector general at the U.S. Securities and Exchange Commission, Carl Hoecker leads investigations into wrongdoing by agency staff. In one case, however, it was Hoecker himself who was under an investigation – one that concluded in 2019 with a recommendation that the agency consider …
By Praveen Paramasivam (Reuters) – Kellogg Co said on Tuesday a majority of its U.S. cereal plant workers have voted against a new five-year contract, forcing it to hire permanent replacements as employees extend a strike that started more than two months ago. Temporary replacements have already been working at the company’s cereal plants in …
Kellogg to permanently replace striking employees as workers reject new contract Read More »
(This Nov. 4 story, corrects ninth paragraph to say that customers would be required to buy electric or hybrid vehicles) By Paul Lienert (Reuters) – Ford Motor Co said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric …
Ford to retire $5 billion in high-interest debt, issue green bonds Read More »
By Dawn Chmielewski (Reuters) – Walt Disney Co on Tuesday named former Pentagon press secretary Geoff Morrell to the newly created position of chief corporate affairs officer, overseeing corporate communications, government relations and global public policy. Morrell is currently the executive vice-president of communications and advocacy at oil and gas company BP, and is credited …
Disney names former Pentagon press secretary as corporate affairs head Read More »
