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 »
FRANKFURT (Reuters) -Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural disasters. Profit was dragged down by COVID-19 losses at its life and health reinsurance division due to an increase in deaths in the United …
Swiss Re swings to 2021 profit but still feels pandemic effect Read More »
By Svea Herbst-Bayliss (Reuters) – Hedge fund Sachem Head Capital Management has taken a stake in Anaplan Inc and may decide to press the business planning software company to make changes, two sources familiar with the matter told Reuters. The position is said to be comprised of common shares and cash settled swaps, putting Sachem …
Exclusive-Sachem Head built stake in Anaplan, may push for changes Read More »
(Reuters) – Morgan Stanley said on Thursday U.S. regulators and prosecutors were probing various aspects of the investment bank’s block trading business. The disclosure in a regulatory filing follows reports that the U.S. Securities and Exchange Commission (SEC) is probing whether financial executives may have broken rules by tipping off hedge funds ahead of large …
Morgan Stanley discloses investigation into block trading business Read More »
By Chris Taylor NEW YORK (Reuters) – Sarah Crane is part of a booming proportion of the housing market: solo buyers. The 39-year-old economist purchased an attached row house in Philadelphia by herself in April 2020. Move over, couples. Single females now comprise 19% of buyers, according to data from the National Association of Realtors. …
Single and looking: The rise of the solo American homebuyer Read More »
By Davide Barbuscia NEW YORK (Reuters) – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the U.S. Treasury curve and to corporate debt, an executive said, seeing opportunities in parts of the debt market that have broadly sold off this …
‘Contrarian’ quant giant Dimensional focuses on U.S. curve short end, corporate debt Read More »
