Barclays paying $453 million to settle Libor probe
(Reuters) – U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure...
Business
Insight: John Paulson’s returns falter again; investors fret
(Reuters) – Billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for...
Glencore expected to sweeten terms to win Xstrata
(Reuters) – Commodities trader Glencore (GLEN.L), scrambling to save its $26 billion bid for miner Xstrata (XTA.L), will need to sweeten the terms or put...
Appeasing investors, Murdoch moves to split empire
(Reuters) – Rupert Murdoch’s News Corp took a major step in satisfying shareholders’ concerns for a more growth-focused business with a plan to separate its...
Big banks craft ‘living wills’ in case they fail
(Reuters) – Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of...
Savile Row tailors open doors into exclusive world
(Reuters) – Michael Skinner and a tiny coterie of colleagues are intimately familiar with the physical details of rock stars, royalty and some of Britain’s...
Stock futures rise; banks in focus
(Reuters) – Stock futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500 up 0.45 percent, Dow Jones...
How couples sabotage their finances
(Reuters) – With a wedding coming up, you’d think Jay Buerck would be obsessing about the usual details: Writing vows, choosing appetizers, or figuring out...