|
|
|
 |
NEW YORK (Reuters) - JPMorgan Chase & Co shareholders voted in support of Chairman and Chief Executive Jamie Dimon maintaining both roles, rejecting a proposal from shareholders who said the corporate governance structure was flawed, according to a preliminary tally at its annual meeting on Tuesday. Only 32.2 percent of shareholders voted in favor of splitting the chairman and CEO roles, less than the roughly 40 percent who voted to split a year ago. Shareholders also voted to support the bank`s 11 directors in a range of 53.1 percent for Ellen Futter to 99. ...
Tuesday, May 21, 2013 17:21 |
 |
The brother of South African athletics star Oscar Pistorius, Carl, is acquitted of culpable homicide over the death of a motorcyclist in 2008.
Tuesday, May 21, 2013 16:13 |
|
(Reuters) - The Justice Department on Monday asked a federal judge to deny Standard & Poor`s motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere `puffery`. In a $5 billion suit, the U.S. government has accused S&P, owned by McGraw-Hill Companies Inc, of issuing inflated ratings on faulty products to drum up business before the 2008 financial crisis, despite assurances that its judgments were objective. ...
Tuesday, May 21, 2013 06:01 |
 |
Wednesday, May 15, 2013 23:35 |
|
NEW YORK (Reuters) - Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank`s mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo. Das took over Citigroup`s mortgage business at the height of the financial crisis in 2008 as it was losing billions of dollars on bad subprime housing bets. He will remain at the bank for a few months to assist on mortgage issues related to the government, according to the memo. ...
Monday, May 20, 2013 16:39 |
|
By Marc Jones LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan`s economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/2 low. Data last week that showed U.S. consumer sentiment at its strongest in nearly six years continued to support equity markets. MSCI`s world index is at its highest since June 2008 as top European shares started the week up 0.2 percent. With risk appetite dominating, safe-haven German Bunds fell 45 ticks, while gold, also pressured by signs the U.S. ...
Monday, May 20, 2013 08:42 |
|
By Masayuki Kitano SINGAPORE (Reuters) - The yen edged higher on Monday after Japan`s economics minister said further weakness in the yen could harm households, while Asian shares rose in response to U.S. equities rallying on upbeat economic data. The dollar fell to as low as 102.00 yen earlier on Monday, pulling away from Friday`s high of 103.32 yen, the greenback`s highest level versus the yen since October 2008. The dollar later pared some of its losses, and last stood at 102.69 yen, down 0.5 percent on the day. ...
Monday, May 20, 2013 05:34 |
|
By Eric M. Johnson (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the sought-after California team to local investors after the National Basketball Association denied a proposal to move the team to Seattle, a spokesman for Sacramento Mayor Kevin Johnson said on Friday. The deal by an investor group led by tech titan Vivek Ranadive follows months of bitter wrangling between Seattle investors who wanted the team to replace a beloved Pacific Northwest franchise lost in 2008 and California investors who wanted it to stay put. ...
Friday, May 17, 2013 18:26 |
|
By Kaori Kaneko TOKYO (Reuters) - The latest tranche of Japan`s growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday. The government will set a target for domestic private-sector investment of 70 trillion yen ($687 billion) annually, Abe said in a speech to business executives and academics, the level before the 2008 financial crisis and up about 10 percent from the current figure. ...
Friday, May 17, 2013 11:37 |
|
CUPERTINO, Calif. (AP) Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.
Thursday, May 16, 2013 16:23 |
|
