NO OPTION AVAILABLE IN THIS ASSET CLASS.
PLEASE COME BACK TO US DURING OUR TRADING HOURS
TO LEARN MORE ABOUT OUR TRADING
Citi to hire 100 bankers in Asia, eyes more business from...
Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC's footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products. Global banks like Citi and HSBC are now concentrating on small to medium-sized clients due to a dwindling number of $10 billion-plus IPOs from Chinese state-owned companies - deals which had sustained investment banks in the region over the last decade. The increase in headcount, which represents a 10 percent boost for Citi's Asia-Pacific commercial banking unit, is aimed at offering firms with annual sales of between $10 million and $500 million additional services such as foreign exchange and cash management. "This is not about adding hundreds of new clients in the region, but winning more wallet share from commercial banking clients who have cross-border business by providing them with more loans, FX, cash and trade products," Citi's Asia-Pacific commercial banking head Ashish Bajaj said in an interview.
Wall Street yawns as deal news offsets data; Herbalife sinks
Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc (DLTR.O) offered to buy rival discount chain Family Dollar Stores Inc (FDO.N) for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion. Family Dollar's stock shot up 24.9 percent to $75.74 and was the S&P 500's biggest percentage gainer.
Consumer Reports wants Toyota to recall older Camry hybrids
An influential consumer magazine on Monday called on Toyota Motor Corp to recall about 177,500 older Camry hybrid sedans to address potential power brake defects. Consumer Reports, which many consumers use when studying what vehicles to buy, said the Japanese automaker's decision to call for a service campaign or a warranty extension on two different problems covering cars from model years 2007 to 2011 does not go far enough. Under a service campaign, an automaker repairs cars as they are brought back to dealers by consumers. "Consumer Reports believes that Toyota should recall these cars," the magazine said.
Last time this happened, stocks sold off hard
Low grade, high-yield corporate bonds—affectionately called “junk bonds”—are on track for their worst month in nearly a year, and junk bonds tend to trade closely with stocks.
Retirement regrets: Costly mistakes to avoid
Even if you put enough money aside, pursuing the right retirement plan is just as important as saving for it. Expert Jean Ann Dorrell, shares some top financial retirement regrets you can avoid.
Darden CEO to step down amid Olive Garden troubles
Darden Restaurants says CEO and chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following the sale of Red Lobster.
Judge allows $2 billion sale of NBA's Los Angeles...
Los Angeles Superior Court judge Michael Levanas said he will rule Monday afternoon on whether club owner Donald Sterling can halt the $2 billion sale of the NBA's Los Angeles Clippers.
Family Dollar takeover hints that dollar stores' best...
The proposed $8.5 billion purchase of Family Dollar by Dollar Tree is a logical, if expensive, bid at consolidating the fast-maturing dollar-store business.
This is a lurking threat for stocks
Where is the dollar headed next and what does it mean for U.S. stocks?
The good, the bad and the ugly of narcissistic CEOs
While narcissist CEOs can use their charisma and risk-taking tendencies to lead a company to great financial success and innovation, narcissism among top management is often a double-edge sword. Companies led by narcissistic CEOs reported higher earnings-per-share and share price than companies with non-narcissistic CEOs, according to a study, “CEO narcissism and accounting: a picture of profits,” recently published in the Journal of Management Accounting Research, according to Phys.org, a science and technology news service. “On one hand, there may be something about individuals with narcissistic personality tendencies that helps them excel in executive leadership positions,” wrote Kari Joseph Olsen from the University of Southern California, in a 2011 version of the research paper, which studied narcissistic CEOs at Fortune 500 companies. Here are other behaviors of narcissistic CEOs and how they can affect their companies:
Argentina in last-ditch effort to avert default
Argentina's government said Monday it will make another effort to reach a deal with US. creditors ahead of a looming deadline that risks sending the country into default.
Chipotle proves pricing power belongs to the hip
As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both.
Wall St. elite call for trading fee changes
Key Wall Street executives called for reform to some trading fees that could be causing market distortions and increased use of dark pools.
Russia to challenge Hague Court's Yukos ruling: Finance...
Russia will appeal a decision of the Hague court that ruled on Monday that Moscow must pay a group of shareholders in now-defunct oil giant Yukos $50 billion for expropriating its assets, the Russian Finance Ministry said in a statement. "The Russian Federation drew attention to ... serious flaws in the decision of the arbitration court," the Finance Ministry said.
Ultrawealthy pile into private equity
The rich are increasingly enamored with private equity investing after a decade of strong returns.
Red Lobster tries acting like a fancier restaurant
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher as is the style at fancy restaurants.
Why transportation stocks are a smart play now
Portfolio manager Craig Hodges tells Yahoo Finance why he's bullish on airline stocks.
Obama, allies plan ‘new measures’ against Russia
President Barack Obama and the four major U.S. allies in Europe intend to adopt "new measures" against Russia over the fighting in Ukraine, the French president's office said. Obama spoke with the leaders of France, the U.K., Germany and Italy by telephone today, as the Ukrainian government made further advances in the eastern part of the country against pro-Russian rebels. A spokesman for the separatists said their leader had traveled to Moscow for an unspecified period. "Despite numerous appeals to President Putin, Russia has not effectively put pressure on the separatists to force them to negotiate, and has not taken the concrete steps asked of it to control the Ukraine-Russia border," according to a statement from President Francois Hollande's office in Paris.
Samsung stumbles as it tries to move away from Google
Samsung Electronics stumbled again this week, announcing it had indefinitely postponed the rollout of phones running its home-grown Tizen operating system in Russsia.