Michele Foresti, who was scheduled to be the head of Bank of America Corp.'s (BAC) European bond trading, resigned due to a lack of U.K. regulatory approval for the appointment, Bloomberg News reported Wednesday, citing two people with direct knowledge of the move.
By Anora Mahmudova and Carla Mozee, MarketWatch
Weekly jobless claims drop to lowest level in 7 weeks
NEW YORK (MarketWatch) -- The Dow Jones Industrial Average eked out another record close on Wednesday, but a late selloff cost the S&P 500 a fresh mark.
IMAX and Paramount Pictures today announced a special limited run of
Christopher Nolan’s acclaimed film “INTERSTELLAR” at the California
Science Center IMAX® theatre, marking the first time a theatrical
presentation of a major motion picture has screened there.
Freeport-McMoRan Inc. (NYSE: FCX) announced today a successful
production test from Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander
discovery, located onshore in South Louisiana in the Inboard Lower
By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Wall Street looks set for a higher open Wednesday, after the Dow Jones Industrial Average closed at a shiny new record high, and with weekly updates on labor and oil due in the abbreviated Christmas Eve session.
By Razak Musah Baba
LONDON--Hardy Oil & Gas PLC (HDY.LN) shares slumped in early trading Wednesday after the company agreed to abandon its D3 exploration license and said it will write down $22 million of related intangible assets.
By Enda Curran
HONG KONG--Hong Kong's securities regulator has begun its first legal action against a short seller, targeting the head of a U.S.-based research firm for issuing a report on Chinese property developer Evergrande Real Estate Group Ltd.
By Alexander Martin and Shibani Mahtani
Japan's Daiwa Securities Group Inc., its research arm and Japan Exchange Group Inc. said Tuesday they signed a joint-venture agreement with Myanma Economic Bank to establish Myanmar's first-ever stock exchange in Yangon.
By Carla Mozee, MarketWatch
Thorntons slumps 25% as it warns on profit
LONDON (MarketWatch) -- U.K. stocks rose Tuesday, with consumer-products heavyweight Unilever PLC gaining following the purchase of two well-known brands, but shares of BG Group PLC were on the losing end of the FTSE 100 benchmark.
TOKYO--Japan Post Holdings and its banking and insurance units plan to debut on the Tokyo Stock Exchange in September of next year, reaching a milestone in the postal privatization initiative that began a decade ago, The Nikkei reported in its Tuesday edition.
Graña y Montero S.A.A (NYSE: GRAM) (BVL: GRAMONC1) and Enagás have
formalized today the purchase of 51% and 30% respectively of Tecgas from
Canada Pension Plan Investment Board (CPPIB). Tecgas is the current
strategic operator of Transportadora de Gas del Perú (TgP) and also owns
100% stake of Compañía Operadora de Gas del Amazonas (COGA).
In March of this year, Graña y Montero S.A.A. and Enagás announced an
agreement with CPPIB for the purchase that has materialized today.
By Wallace Witkowski and Barbara Kollmeyer, MarketWatch
CalAmp shares down as revenue outlook disappoints
SAN FRANCISCO (MarketWatch) -- Cal-Maine Foods Inc. shares fell in the extended session Tuesday after the egg producer's quarterly earnings fell short of the Wall Street consensus.
By Peg Brickley
A bankruptcy judge Tuesday tied up a remaining loose end from the 2008 collapse of Washington Mutual Bank, endorsing a $37 million settlement of the company's claims against its former leaders.
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