Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes …
U.S. DoJ officials have demanded information from Germany’s biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was “significant”.
U.S. DoJ officials have demanded information from Germany’s biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was “significant”.
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement
Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. He has a monthly income of $185,000, mainly from royalties and interest …
Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. He has a monthly income of $185,000, mainly from royalties and interest …
Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Evans, who spent two decades at the investment bank in positions including vice chairman and head of Asia, has occupied a board seat at Alibaba since mid-2014, before the company held a record-setting public
Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Evans, who spent two decades at the investment bank in positions including vice chairman and head of Asia, has occupied a board seat at Alibaba since mid-2014, before the company held a record-setting public
Sprint Corp. (S) on Tuesday reported a fiscal first-quarter loss of $20 million, after reporting a profit in the same period a year earlier. The Overland Park, Kansas-based company said it had a loss of …