Wells Fargo plans quiet assault on Wall Street from glass tower

As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way. Wells Fargo & Co , the San Francisco-based lender known for its retail banking business, has picked out space for a trading operation to use as a base for a stealth attack on the investment banking world. The boom-and-bust of Wall Street offers lucrative fees if Wells Fargo can pick up business left behind by rivals in the wake of the financial crisis of 2008, but trading brings extra risks and volatility.

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Wells Fargo plans quiet assault on Wall Street from glass tower

Yahoo sets April 11 deadline for preliminary bids: WSJ

(Reuters) – Yahoo Inc has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal reported on Monday, citing sources. Yahoo asked bidders details regarding financing, conditions or approvals that would have to be met on their end, and what key assumptions they would be making by deciding to move forward with a deal, the Journal said, citing a letter sent to possible bidders. Yahoo could not be immediately reached for a comment outside regular business hours.

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Yahoo sets April 11 deadline for preliminary bids: WSJ

Wall Street rally boosted by higher oil prices

U.S. crude pared some of their gains, but were up more than 2 percent after the International Energy Agency said oil prices might have bottomed as output in the United States and other non-OPEC countries was beginning to fall quickly. Investors took a positive view of European Central Bank's new stimulus package unveiled on Thursday, despite ECB President Mario Draghi signaling an end to further rate cuts. The Nasdaq Composite was up 66.03 points, or 1.42 percent, at 4,728.19.

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Wall Street rally boosted by higher oil prices

Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

Wells Fargo & Co , in a bid to boost its dealmaking franchise, is hunting for a new head of mergers and acquisitions, according to people familiar with the matter. The bank's existing head of mergers, John Laughlin, has moved to a vice chairman role, a spokeswoman said. “John Laughlin's appointment to vice chairman recognizes the key role he played in leading a fivefold increase in our M&A business,” said Rob Engel, head of investment banking and capital markets at Wells Fargo.

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Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

Yahoo exploring sale of $1 billion-$3 billion in ‘non-core assets’: CFO

By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc is exploring the sale of $1 billion to $3 billion of patents, property and other “non-core assets,” its chief financial officer said on Thursday. Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to the company's plan to spin off its core business is looking at quick sales of assets. Goldman said patents, land, property and “non-core units or businesses” are all on the table for potential sale, and the company has sold or licensed more than $600 million in patents over the last three years.

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Yahoo exploring sale of $1 billion-$3 billion in ‘non-core assets’: CFO

Wall Street slightly lower as crude oil slips

U.S. crude fell about 1 percent after a report from the American Petroleum Institute (API) showed that an increase in crude stockpiles was way above estimates. Wall Street closed sharply higher on Tuesday, helping the S&P 500 claw back most of its losses in the last two months. “The market got severely overbought yesterday,” said Jeffrey Saut, chief investment strategist at Raymond James Financial in Florida.

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Wall Street slightly lower as crude oil slips