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State Street Corporation latest 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.
Firm behind 'Fearless Girl' allegedly paid women execs less than men
State Street Global Advisors agreed to pay a $5 million settlement over alleged pay discrimination against some female and black employees.
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State Street to pay more than $35 million to settle U.S. charges: SEC
WASHINGTON (Reuters) - State Street Corp will pay more than $35 million to settle U.S. charges that it "fraudulently charged secret mark-ups for transition management services," the U.S. Securities and Exchange Commission said in a statement on Thursday.
State Street to pay more than $35 mln to settle U.S. charges -SEC
WASHINGTON, Sept 7 (Reuters) - State Street Corp
will pay more than $35 million to settle U.S. charges that it
"fraudulently charged secret mark-ups for transition management
services," the U.S. Securities and Exchange Commission said in a
statement on Thursday.
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