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Yahoo results edge past estimates in good sign for sale of business

April 20, 2016 By publisher

By Deborah M. Todd San Francisco (Reuters) – Yahoo Inc's first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business. Under pressure from activist shareholder Starboard Value LP and others, Yahoo has ramped up a sale of its media, email and other web businesses. Yahoo's overall fortunes have failed to revive under Chief Executive Marissa Mayer, although she points to good results in key areas including social media.

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Yahoo results edge past estimates in good sign for sale of business

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Wall Street pauses after mid-week rally

April 15, 2016 By publisher

(Reuters) – Wall Street was slightly lower on Friday as investors digested U.S. corporate earnings as well as data that pointed to a slow global economic recovery, ahead of a crucial meeting of oil producers to help tackle a global surplus.

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Wall Street pauses after mid-week rally

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Wells Fargo plans quiet assault on Wall Street from glass tower

March 30, 2016 By admin

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

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Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

March 6, 2016 By admin

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

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Wall Street slightly lower as crude oil slips

March 2, 2016 By publisher

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

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Yahoo to cut 15 percent jobs, close several units: WSJ

February 2, 2016 By admin

(Reuters) – Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings.

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Yahoo to cut 15 percent jobs, close several units: WSJ

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Wall Street weighed down by energy stocks

January 25, 2016 By publisher

Oil prices fell more than 5 percent on concerns of oversupply after news that Iraq's output reached a record last month. Wall Street is coming off its first week of gains in the year, with the three major indexes posting solid increases on Friday. During the poor start for the year for U.S. stocks, their performance has been closely correlated with the price of oil, although some investors said Wall Street's more modest decline on Monday meant the two assets could be decoupling somewhat.

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Wall Street weighed down by energy stocks

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