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Financial News Stories

How a billionaire hedgie hopes to fix corporate America

What’s wrong with big business? Some CEOs would say nothing, yet there are telling signs to the contrary. Presidential candidates Donald Trump and Bernie Sanders draw roars of approval when they bash big banks, crony capitalists and companies moving jobs … Continue reading

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Cramer Remix: How to win if oil goes lower

Jim Cramer has been waiting for deals in the oil patch. Stocks are drifting down with attractive assets, yet they still sell for only a fraction of what they once did. Where the heck are all the opportunistic buyers who … Continue reading

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Asia stocks at three-week lows as China worries grow; oil up

By Chuck Mikolajczak NEW YORK (Reuters) – A climb in oil prices and a surge in healthcare stocks helped global equity markets advance on Wednesday, while the U.S. dollar hit a fresh 17-month low against the yen ahead of minutes … Continue reading

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Obama’s inversion curbs kill Pfizer’s $160 billion Allergan deal

By Caroline Humer and Ransdell Pierson NEW YORK (Reuters) – U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama’s drive … Continue reading

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Iceland’s leader resigns, first casualty of Panama Papers

By Kylie MacLellan and Ragnhildur Sigurdardottir LONDON/REYKJAVIK (Reuters) – Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm which have shone a spotlight on the offshore wealth of … Continue reading

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U.S. Justice Dept will sue to stop Halliburton, Baker Hughes merger: source

By Diane Bartz and Ernest Scheyder (Reuters) – The U.S. Justice Department will file a lawsuit as soon as this week to stop oilfield services provider Halliburton Co from acquiring smaller rival Baker Hughes Inc, a source familiar with the … Continue reading

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Oil futures jump on output freeze hopes; glut hurts physical prices

By Barani Krishnan NEW YORK (Reuters) – Oil prices surged more than 5 percent on Wednesday, heading for their largest gain in three weeks, after the U.S. government reported a surprise draw in domestic crude stockpiles versus market expectations for … Continue reading

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Wal-Mart to switch to cage-free egg supply chain by 2025

(Reuters) – Wal-Mart Stores Inc (WMT.N) said on Tuesday it was aiming to phase out the sale of eggs from caged hens by 2025, becoming the largest and most influential food retailer to set a deadline for switching to cage-free … Continue reading

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Corporate Samckdown: Final Four trash talk from alumni execs

The NCAA men’s basketball Final Four is one day away, and fans of the last four schools standing are buzzing with high hopes of glory. As everyone knows, college sports fandom extends from the campus and stadium to far-flung sports … Continue reading

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Forget the jobs report: There’s a more important economic story unfolding today

All eyes focused today on the March jobs report, with the S&P (^GSPC) little changed after the Labor Department reported that 215,000 jobs were added last month, accompanied by moderately rising wages and an uptick in the participation rate. But … Continue reading

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