On Monday Deutsche Bank released its plan to shrink itself down to a manageable, profitable size, and from Wall Street's perspective, it's a long time in coming. Deutsche Bank announced plans to reduce leverage by €200 billion and streamline other operations on Monday. Show More Summary
Federal Reserve officials have made clear they won’t raise interest rates at their policy meeting Tuesday and Wednesday. So the only suspense this week surrounds how their post-meeting statement will characterize the winter slowdown in U.S. growth.
Last week, Secretary of Defense Ashton Carter visited Silicon Valley in pursuit of closer ties with America's premier center of technological innovation. Carter told executives at Facebook and other tech companies that the Pentagon wants to fashion a partnership enabling the military to leverage the latest commercial innovations, thereby maintaining its warfighting [...]
Greek finance minister Yanis Varoufakis is not having a good start to the week. According to the Financial Times, Varoufakis is "increasingly isolated," and Eurogroup chief Jeroen Dijsselbloem is contacting Prime Minister Alexis Tsipras directly to try to negotiate, bypassing the finance ministry. Show More Summary
US stock index futures were up slightly ahead of Apple's results after the close. ||| New York - US stock index futures were up slightly on Monday after the Nasdaq Composite and S&P 500 chalked up record high closes on Friday and ahead of Apple's results after the close. Show More Summary
The bid by Fosun International trumps an offer by Global Resorts and will delay a decision on who wins Club Med until at least Dec. 17.
Comcast customers and their advocates may believe that the cable company's reputation for wretched service was the key factor in federal regulators' distaste for its proposed merger with Time Warner Cable, which has now been called ...
Sen. Elizabeth Warren (D-Massachusetts) reportedly plans to use her influence in the Senate to make Hillary Clinton become her type of presidential candidate. Indeed, in a New Yorker profile published Monday, an unnamed Warren adviser...Show More Summary
As she announced her presidential campaign, former secretary of state Hillary Rodham Clinton criticized executive compensation, suggesting that executives are paid too much at a time when median wages have barely budged. Clinton's message...Show More Summary
A roundup of venture-capital news and analysis from VentureWire and around the Web.
British Vogue’s Suzy Menkes interview Jony Ive and Marc Newson regarfing Apple Watch and latest fashion trendsn
When Japanese Prime Minister Shinzo Abe rises to address a joint session of Congress on Wednesday, it will represent a diplomatic sea change so great that it may seem incomprehensible to the lingering members of the "Greatest Generation."
Hang Seng tracks higher on the back of Wall Street rally.
Here is what you need to know. Legal costs weighed on Deutsche Bank. The bank announced as net profit of 559 million euros. Legal expenses amounted to 1.5 billion euros ($2.5 billion), with Reuters reporting it "raised contingent liabilities...Show More Summary
FRANKFURT (Reuters) - Deutsche Bank will cut some 200 billion euros in investment bank assets and exit one tenth of the countries it currently operates in, as part of a restructuring program that will cost 3.7 billion euros in one-off costs to implement. Show More Summary
For the first batch of Apple Watch buyers, the waiting may indeed be the hardest part.
Hong Kongers will breathe a bit more easily after July 1. That’s when container ships and cruise liners at one of the world’s busiest ports will have to switch to low-sulphur fuel. Hong Kong will be the first Asian port to make low-sulphur fuel mandatory. The switch should cut the [...]
Just a few days back Google Search introduced a nifty little feature in their Google search algorithm where you could directly find location of your phone by searching it on Google search. Just type “Find my phone” and it will show the location of your phone on maps. Show More Summary
• Spoiler alert: This is a post-transmission review of Episode 3 of Season 5 of Game of Thrones, High Sparrow, after its broadcast on HBO on April 26, 2015 I didn't expect Jonathan Pryce, the venerable English actor, to turn up at the world premiere of season 5 of Game of Thrones at the [...]
Although Amazon reported a $57 million (m) net loss for its first quarter ended 31 March 2015, Amazon Web Services (AWS), one of three Amazon.com Inc’s business segments that provides data storage and cloud services to big IT companies and start-ups, is still a $5 billion (bn) business and growing [...]