NEW YORK (Reuters) -Wells Fargo & Co and Bank of America each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping Ukraine and refugees fleeing invasion by Russia. Their pledges follow a raft of similar announcements made by U.S. and European companies that have begun …
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc unveiled a raft of new targets as it laid out its strategy for the next three to five years on Wednesday, but analysts remained skeptical about whether it can successfully execute the plan. The bank set new profitability targets and gave detail on …
Citigroup sets new targets; analysts remain skeptical Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Investment firm Donerail Group has abandoned plans to buy gaming equipment company Turtle Beach Corp and is instead seeking to oust all of its six board members including its CEO, according to a letter seen by Reuters. Donerail, which owns a 7.4% stake in Turtle Beach, initially called on …
Donerail drops plan to buy Turtle Beach, instead seeks to oust board -letter Read More »
By Ross Kerber (Reuters) – Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in response to Moscow’s invasion of Ukraine. In a statement sent by a spokesperson, Wooden said the sales were needed both for …
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets Read More »
By Simon Jessop, Karin Strohecker and Gwladys Fouche LONDON (Reuters) -The number of investors seeking to ditch their Russian holdings continued to grow on Monday following the country’s attack on Ukraine and despite attempts by its central bank to staunch the flow. The exodus of capital from Russia has accelerated since Ukraine was invaded last …
More investors join Russia exodus, find it hard to leave Read More »
By Svea Herbst-Bayliss (Reuters) -Zendesk Inc said on Friday that its investors rejected a proposed takeover of SurveyMonkey parent Momentive Global and that it terminated the merger agreement. “While we were excited by the potential of this transaction to transform the customer experience and create stockholder value, we respect and appreciate the perspectives of our …
Zendesk investors reject deal to buy SurveyMonkey parent Read More »
By John McCrank NEW YORK (Reuters) – U.S. retail investors bought stocks during Thursday’s selloff, even as many of their favorite names have been battered by worries over geopolitical strife and a hawkish Federal Reserve that looks set to keep volatility elevated. Individual traders bought a net $1.5 billion on Thursday, as the S&P 500 …
Battered U.S. retail investors bought latest dip, Vanda Research says Read More »
By Nichola Saminather TORONTO (Reuters) -Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada both comfortably beat analysts’ estimates for quarterly earnings on Friday, driven by loan and fee growth, as well as strength in their capital markets businesses. The lenders join Royal Bank of Canada in posting positive earnings surprises in a …
Canada’s CIBC, National Bank profits beat estimates on lending, markets units Read More »
TORONTO (Reuters) – National Bank of Canada beat analysts’ estimates for quarterly profit on Friday, as earnings rose 23% from a year earlier, driven by strength in its wealth management and financial markets units. Net income excluding one-off items increased to C$2.65 per share in the three months ended Jan. 31, compared with C$2.15 a …
National Bank of Canada beats quarterly profit expectations Read More »
BERLIN (Reuters) – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that swept across large parts of the country in mid-February, the German Insurance Association (GDV) said on Friday. “Three severe hurricane-like storms in such a short period of time are …
German storms cause insurers losses of $1.6 billion Read More »
