Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global restructuring would include “streamlining and reprioritizing” some commercial and research and development work, including an exit from the sugar cane business. Monsanto had 22,400 regular employees and 4,600 temporary workers, according to its 2014 annual report. To try to shore up investor confidence, the company announced a $3 billion accelerated share repurchase program
Saudi billionaire Prince Alwaleed bin Talal and his investment company have doubled their ownership of Twitter’s publicly traded shares in the past six weeks. A joint statement released Wednesday by the …
Julian Gingold, a stockbroker at UBS Group, has a simple formula for deciding whom to back in the Republican presidential primary: the most conservative candidate who can win. Anthony Scaramucci, who runs a hedge fund-of-funds business, likens the choice to picking a top executive. In their midtown offices and Upper East Side townhouses, Wall Street financiers are sizing up presidential candidates and laying their bets, often with the same dispassionate
Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year. All the cars should be fixed by the end of 2016,” Mueller told the Frankfurter Allgemeine Zeitung (FAZ). For the U.S. market, a company spokeswoman said later, the remedy
A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags …
JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. While other big banks buy mortgages from other lenders, known as correspondents, JPMorgan has racked up the biggest increase among its peers in the proportion of loans it buys from others, according to data from
Donald Trump at this point is probably just days away from calling Papa John’s and ordering a dozen pizzas to be delivered to the headquarters of each of his rivals for the GOP presidential nomination – with a promise of payment in cash, of course. Trump’s presidential campaign looks increasingly like a piece of performance art designed to gauge the Republican voter base’s tolerance for a candidate utterly divorced from
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The reasonably healthy U.S. economy is doing little to assuage investor concerns about the stock market, Starwood Capital chief Barry Sternlichtsays.
Apple Inc’s antitrust compliance program has improved, but the company continues to impede a court-appointed monitor overseeing the program, acting as “its own worst enemy,” the monitor told a federal judge in a report made public on Tuesday. Michael Bromwich, who was assigned to monitor Apple’s internal antitrust policies after U.S. District Judge Denise Cote found the company liable for conspiring to raise e-book prices, said Apple persisted in raising
