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REUTERS
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REUTERS
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Russian court extends custody of Baring Vostok's Calvey until April
A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
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REUTERS
Baring Vostok's Calvey tells Russian court he will cooperate with investigation
Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest.
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REUTERS
Russian court orders Baring Vostok's Calvey to be kept in custody until April 13
A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.
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REUTERS
Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.
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REUTERS
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.
REUTERS
Payless ShoeSource to start liquidation sales at stores
U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.
REUTERS
Big U.S. exchanges to sue SEC over 'overreaching' fee experiment
The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.
REUTERS
Starboard gauges Bristol-Myers shareholder support for Celgene deal
Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.
REUTERS
UPDATE 7-Mexico to inject $3.9 bln in Pemex, seeks to prevent credit downgrade
Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.
REUTERS
Mattel warns of weak 2019, shares drop most in 20 years
Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.
REUTERS
Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.
REUTERS
Take Five: The R-word - World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
REUTERS
Venezuela opposition to leave Citgo funds, management untouched: envoy
Venezuela's opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government's U.S. envoy said on Friday.
REUTERS
Lyft to woo investors with fast U.S. growth in IPO race with Uber
Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter.
REUTERS
Barbie turns 60 at New York Toy Fair
Mattel showcases its best toys before New York Toy Fair as its shares drop on sales forecast. Fred Katayama reports.
REUTERS
Investors should beef up on defense stocks, says Dryden Penc
Pence Wealth Management's chief investment officer tells Reuters' Fred Katayama why he thinks the prospects are bright for Boeing, Lockheed Martin and BAE Systems.
REUTERS
RBS sounds alarm over Brexit
RBS earnings are on the up, but the bank is worried about the impact of a hard Brexit.
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Breakingviews TV: Amaz-no
The $800 bln e-commerce company is scrapping plans to open a second headquarters in NYC after local opposition. Both look foolish, but neither loses. Amazon can still expand elsewhere and New York is still a hot spot for job growth, as Amanda Gomez explains.
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How Amazon scrapped its New York headquarters plans
Amazon says the decision came together in the last 48 hours. But as Fred Katayama reports, the decision was by some measures months in the making.
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Sacramento Kings to launch ‘predictions’ hub
Sports betting is not yet legal in California, but the Sacramento Kings want fans to come as close as they can to the real thing with a new “predictive gaming” lounge.
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Lyft's strategy to compete with Uber on IPO
As the two biggest ride hailing apps Uber and Lyft race to debut on the stock market this year, sources tell Reuters the much smaller Lyft is planning to pitch itself to investors as the one that’s growing faster.
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Prominent investors stock up on eBay, then activists flex muscle
EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or...
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REUTERS
Jeff Vinik offers fee cuts to help bring in cash for new fund
Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset...
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REUTERS
Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle
Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and...
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REUTERS
U.S. fund investors charge into money market funds: Lipper
U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data...
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REUTERS
Charlie Munger targets active managers, Elon Musk; praises China
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court...
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REUTERS
U.S. tax refunds down nearly 9 percent vs year ago: IRS data
The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on...
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REUTERS
Renault cuts outlook, preps for life after Ghosn
Renault is preparing for life without fallen chairman Carlos Ghosn, and it's starting with a cut to its outlook.
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Amazon ditches New York City expansion plan
Amazon.com announced Thursday that it will not go ahead with plans to build headquarters in New York City due to stiff opposition from lawmakers and area residents.
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