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Citi to raise pay for women and minorities in U.S., UK, Germany
(Reuters) - Citigroup Inc will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.
SEC probing Kushner Cos use of wealthy investor visas: WSJ
- The real estate company of Jared Kushner, President Donald Trump's senior adviser and son-in-law, is being investigated by the U.S. Securities and Exchange Commission for its use of a federal program that grants visas to wealthy foreigners investing in the United States, the Wall Street Journal reported on Saturday.
BRIEF-State Street Global Advisors Announces Impact Of Receiving Settlement Payment
State Street Corp(STT): * STATE STREET GLOBAL ADVISORS ANNOUNCES IMPACT OF RECEIVING SETTLEMENT PAYMENT. * SPDR EXCHANGE TRADED FUND - RECEIVED PAYMENT AS AUTHORIZED CLAIMANT FROM A CLASS ACTION SETTLEMENT RELATED TO MEDICINES COMPANY Source text for Eikon: Further company coverage:
Who Does The Tax Plan Really Benefit?
The corporate tax rate will fall for all businesses, but some provisions in the bill will especially benefit certain industries — manufacturers, real estate companies, Wall Street and multinationals.
Comcast drops out of Fox bidding, Disney reportedly still in talks
Comcast Corp. is no longer bidding for entertainment assets from 21st Century Fox Inc. , according to a Monday afternoon report, which could leave Walt Disney Co. as the sole bidder remaining. "We are no longer engaged in the review of those assets," Comcast said in a statement to some news organizations. "We never got the level of engagement needed to make a definitive offer." Disney and Comcast were "in active talks" in negotiations for parts of the Fox empire that includes the movie and television studios and some cable networks, [l: The Wall Street Journal reported last week, adding that the Murdoch family hoped to make a decision on a transaction by year's end. Sony Corp. and Verizon Communications Inc. have also reportedly shown interest in the assets, the Journal reported. Reuters, which first reported the Comcast statement, said Monday that Disney and Fox were still in negotiations and could reach a deal this month. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hospital operators in merger talks to create U.S. industry leader -WSJ
Ascension Health and Providence St. Joseph Health are in discussions about a merger that would create the largest hospital chain in the United States, the Wall Street Journal reported on Sunday, citing people familiar with the situation. A deal between the two non-profits would give the combined entity 191 hospitals in 27 states and annual revenue of $44.8 billion, the paper said.
Global crypto-currency crackdown sparks search for safe havens
When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Rao, a San Diego-based technology veteran who has worked for major Wall Street banks, is not alone.
London police find no trace of gunfire in shopping district
Two London underground train stations reopened Friday evening after police said they didn't find evidence that shots had been fired in a busy shopping district. The Metropolitan Police shortly after 4:30 p.m. local time began responding to "numerous" reports of gunfire on Oxford Street and at the Oxford Circus Tube station. "To date police have not located any trace of any suspects, evidence of shots fired or casualties," the Met said in a statement. "Our response on #OxfordStreet has now been stood down," the police said in a follow-up statement on Twitter. The Oxford Circus and the Bond Street Tube stations are back in operation. The British Transport Police said there was one report of a woman sustaining a minor injury as she exited the Oxford Circus station. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
London police respond to reports of gunfire in busy shopping district
London police on Friday said they were responding to reports of shots fired in the city's busy shopping district and at an underground train station. There were no reports of casualties, the Metropolitan Police said in a statement. . "Police have responded as if the incident is terrorist related," with both armed and unarmed officers on the scene, the Met said. Reports came in shortly after 4:30 p.m. local time about shots fired on Oxford Street and at the Oxford Circus Tube station. "Please continue to avoid the Oxford Street and Regent Street area. If you are in the area, go into a building and stay inside until further notice," British Transport Police said on Twitter. The Oxford Circus and Bond Street tube stations were closed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Investor Steve Jurvetson steps down amid sexual misconduct probe
Prominent Silicon Valley venture capitalist Steve Jurvetson has stepped down from the firm he co-founded, Draper Fisher Jurveston, reportedly following sexual harassment allegations. In a statement Monday, the company said Jurvetson was leaving by "mutual agreement," but did not disclose a reason. Recode reported his departure came after an internal investigation found he exhibited unacceptable behavior toward female entrepreneurs. In August, USA Today reported the company was investigating sexual harassment allegations against Jurvetson. In a tweet Monday, Jurvetson said: "I am leaving DFJ to focus on personal matters, including taking legal action against those whose false statements have defamed me." Jurvetson will also take a leave of absence from boards of Tesla Inc. and SpaceX, the Wall Street Journal reported.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Redfin shares fall after sales, earnings miss
Shares of Redfin Corp. fell as much as 13% late Thursday after the real-estate company swung to an unexpected per-share quarterly loss in the third quarter and reported quarterly sales below Wall Street expectations. Redfin said it earned $10.6 million in the quarter, compared with $5.7 million in the third quarter of 2016. Revenue increased to $109.5 million, compared with $81 million a year ago. It reported a GAAP net loss per diluted share, however, reflecting items related to convertible shares that were outstanding before a conversion to common stock after Redfin's IPO in July. The company's GAAP net loss per diluted share was 50 cents, compared with a net income per diluted share of 3 cents a share in the third quarter of 2016. Analysts polled by FactSet had expected GAAP per-share earnings of 12 cents a share on sales of $110.3 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Colony Capital's bid to acquire Weinstein Co hits snag -WSJ
Colony Capital, the private equity arm of real estate investment trust Colony NorthStar Inc (CLNS), is facing hurdles in its talks to buy The Weistein Company because the company is seeking higher bidders, the Wall Street Journal reported, citing people close to the discussions.
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