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El-Erian: Markets front-run Fed in tightening financial conditions
February 4, 2016 by publisher · Leave a Comment
By Jennifer Ablan NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve in tightening global financial conditions. “I doubt we will see the four rate hikes signaled a few weeks ago by Fed officials,” El-Erian said. “Two hikes are likely, if not less.” William Dudley, president of the Federal Reserve Bank of New York, said on Wednesday that financial conditions have tightened considerably…
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El-Erian: Markets front-run Fed in tightening financial conditions
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Viacom names CEO Dauman as chair as Redstone exits; daughter protests
February 4, 2016 by creative · Leave a Comment
By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92-year-old Redstone was becoming chairman emeritus, a day after CBS Corp said Redstone, also the CBS majority owner, was stepping down as executive chairman and being …
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Viacom names CEO Dauman as chair as Redstone exits; daughter protests
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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
February 4, 2016 by publisher · Leave a Comment
By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the …
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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
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Drug exec Shkreli, lawmakers clash ahead of congressional hearing
January 21, 2016 by publisher · Leave a Comment
Former pharmaceutical executive Martin Shkreli was on a collision course with Congress on Thursday as lawmakers warned he could be prosecuted for contempt if he does not appear next week for a hearing about drug prices. A lawyer for Shkreli…
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Drug exec Shkreli, lawmakers clash ahead of congressional hearing