Blackstone has signed a deal to acquire the employee-benefits outsourcing business of international insurance brokerage Aon for $4.8 billion, people familiar with the matter said. The operation manages benefits for about 15% of the US […]
French bank Societe Generale reported a drop in net profit in the fourth quarter of 2016, reaching €390 million, compared with €656 million in the previous year, due to heavier taxes and a loss on […]
Citigroup commodities strategist Aakash Doshi has compiled data showing a strong rise in passive commodity-index assets held by retail and institutional investors to $391 billion in January, 53% higher than the figure a year earlier. […]
Sports events dominated as Twitter reported 31 million unique viewers of video streaming in the fourth quarter, amounting to more than 600 hours of video covering about 400 events. The performance was a major victory […]
BNP Paribas, the largest listed bank by assets in France, reported €1.44 billion in fourth-quarter net profit, up from €665 million the same period the previous year. The bank’s Q4 revenue was €10.66 billion, a […]
Stocks opened strongly today, pushing the Dow Jones industrial average and the Nasdaq composite to record highs. At 10 a.m. Eastern, the Dow was up 84 points at 20,129, the Nasdaq was up 12 points […]
Bitcoin price (COIN, OTCQB:BTCS) has crossed the $875, doubling its level from the start of 2016. It marks a new market cap all-time high of around $14.05B on the Bitstamp exchange. Analysts cited several reasons for […]
General Motors said it will lay off about 3,300 workers as consumers shift from buying passenger cars to sport utility vehicles and small trucks. All the jobs being lost are at plants that build cars. […]
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