By Sinead Cruise and Elizabeth Howcroft LONDON (Reuters) - For many bankers, rising to seniority cements their status as a company insider. Citi executive Ireti Samuel-Ogbu never felt so out of place. "I felt on the outside," said Nigerian-born Samuel-Ogbu, who has worked at Citi for 32 years. "I only felt that when...
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(Bloomberg) -- Treasury Secretary Janet Yellen summoned U.S. financial regulators to discuss recent volatility in financial markets, her first effort to address the tumult involving GameStop Corp (NYSE:GME). shares and broker-dealer RobinHood Markets Inc. Yellen called a meeting with the Securities and Exchange Commission, the Federal Reserve Board, the Federal...
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TOKYO (Reuters) - Japanese electronics and media giant Sony Corp on Wednesday posted a better-than-expected 20% rise in third-quarter profit and hiked its full-year outlook on strong demand for video games, movies and other entertainment content. Operating profit for the October-December quarter jumped to 359.2 billion yen ($3.42 billion), from 300 billion yen in the same period a year ago. Six...
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By Julie Zhu (Reuters) - FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW's main Chinese partner, in deals that may cost it some $7.2 billion and then take it private, two people with direct knowledge of the matter told Reuters. The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder...
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By David Lawder and Trevor Hunnicutt WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen is calling a meeting of key financial regulators this week to discuss market volatility driven by retail trading in GameStop (NYSE:GME) and other stocks. Yellen will convene heads of the Securities and Exchange Commission, the Federal Reserve, the...
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By Kate Kelland LONDON (Reuters) - Almost all people previously infected with COVID-19 have high levels of antibodies for at least six months that are likely to protect them from reinfection with the disease, results of a major UK study showed on Wednesday. Scientists said the study, which measured levels of previous COVID-19...
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By Shrutee Sarkar BENGALURU (Reuters) - The outlook for major global housing markets is brighter than previously thought due to expectations for a broad based economic recovery and easy monetary policy, with only a low risk that a COVID-19 resurgence will derail activity, Reuters polls showed. Over 100 million people have been infected by the coronavirus, leading to a healthcare crisis and...
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By Liz Moyer Investing.com -- The Dow rallied nearly 600 points on Tuesday as the short selling squeeze in stocks like GameStop (NYSE:GME) and AMC ran out of steam. Attention turned to efforts to fight the pandemic and its economic fall out. Pfizer Inc (NYSE:PFE) said it would pull forward its vaccine production schedule to get more of the drug...
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By Yasin Ebrahim Alphabet A (NASDAQ:GOOGL) reported on Tuesday fourth-quarter earnings and revenue that beat analysts' forecasts as its YouTube and Search businesses raked in advertising revenue. Alphabet A announced earnings per share of $22.3 on revenue of $56.90B. Analysts polled by Investing.com anticipated EPS of $15.68 on revenue of $52.89B. Alphabet A shares are up 9% from the beginning of the...
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By David Shepardson and Nandita Bose (Reuters) - Amazon.com (NASDAQ:AMZN)'s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. "You want to be reinventing when you are healthy, you want to be reinventing all the...
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