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Hedge funds place bets on Morgan Stanley; some exit Valeant
February 16, 2016 by publisher · Leave a Comment
NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank's cost-cutting measures and bond-management reshuffling.
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Hedge funds place bets on Morgan Stanley; some exit Valeant
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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia
December 26, 2015 by creative · Leave a Comment
Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said. Pearson, 56, joined Valeant as CEO in September 2010 after a 23-year career at McKinsey & Company and became chairman of the board in 2010. Under Pearson's leadership, the company has come
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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia
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China says AIIB up and running early in the new year
December 26, 2015 by creative · Leave a Comment
The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday. The bank's establishment came after 17 funding members of the AIIB, which account for just over 50 percent of its share capital, ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying. First proposed by President Xi Jinping less than two years ago, the bank has become one of China's biggest foreign policy successes.
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China says AIIB up and running early in the new year
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JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures
December 18, 2015 by publisher · Leave a Comment
By Sarah N. Lynch WASHINGTON (Reuters) – JP Morgan Chase will pay $307 million settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said Friday. The Securities and Exchange Commission said that two of the bank's …
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JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures