ADVERTISEMENT
Kimberly-Clark Corp.’s potential sale of its international tissue business has attracted interest from companies including Royal Golden Eagle Pte, Brazil’s Suzano SA and Asia Pulp & Paper Co., according to people familiar with the situation.
Traders snapped up bullish option bets Friday on exchange-traded funds linked to Chinese stock indexes after US President-elect Donald Trump and Chinese President Xi Jinping discussed trade and other topics.
When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the second half of last year shows how the sands have shifted, just as mega-deal fever sweeps the global mining industry.
In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.
Bank of America Corp. is divvying up a roughly $1 billion pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.
Speculative currency traders bolstered wagers for an even stronger US dollar in the leadup to President-elect Donald Trump’s return to the White House.
Digital Currency Group and its subsidiary Genesis Global Capital settled Securities and Exchange Commission charges on Friday — the latest in a slew of crypto firms to do so as US regulators appear to clear their slates in the waining days of the Biden administration.
Edison International Inc.’s southern California utility was sued over the death of a woman whose home burned in one of the catastrophic Los Angeles fires, in a case brought by a prominent civil rights lawyer on behalf of a historically Black community.
At Goldman Sachs Group Inc., there was the “war for talent”. Now the firm’s fighting to keep one talent in particular: John Waldron.
Vanguard Group will pay more than $106 million to settle US Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts.
The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.
Investors are yanking money from emerging markets at the start of 2025 as they weigh how many of Donald Trump’s threats will become policy upon his return to the White House next week.
Bank of Montreal has withdrawn from the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions.
Microsoft Corp.’s $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market, the Federal Trade Commission said in a report released Friday.
MicroStrategy Inc.’s Michael Saylor may soon have almost as many common shares at his disposal to help fund the company’s Bitcoin buying spree as market behemoths Amazon.com Inc. and Alphabet Inc. have outstanding.
Intel Corp. shares jumped as much as 9.5% Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.
