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Apple sues Qualcomm in Beijing seeking 1 billion yuan

By Diane Bartz WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it …

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Apple sues Qualcomm in Beijing seeking 1 billion yuan

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

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How JPMorgan could not save Italy’s problem bank

MILAN/LONDON (Reuters) – On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy's third-largest lender, was destined to be …

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How JPMorgan could not save Italy’s problem bank

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Baker Hughes-GE talks come after difficult time for both companies

Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were ongoing.

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Baker Hughes-GE talks come after difficult time for both companies

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Morgan Stanley COO Jim Rosenthal to retire at end of year: memo

(Reuters) – Morgan Stanley chief operating officer Jim Rosenthal will retire at the end of the year.

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Morgan Stanley COO Jim Rosenthal to retire at end of year: memo

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New York nabs global property crown from London on Brexit fears

New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a

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New York nabs global property crown from London on Brexit fears

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JPMorgan ends WaMu disputes with FDIC, to receive $645 million

JPMorgan Chase & Co on Friday said it will receive $645 million in a settlement of litigation with the Federal Deposit Insurance Corp and Deutsche Bank AG arising from its purchase of Washington Mutual Inc's banking operations during the financial crisis in 2008. According to a regulatory filing, JPMorgan will collect the cash payment from the estate of Washington Mutual Bank, for which the FDIC acts as receiver.

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JPMorgan ends WaMu disputes with FDIC, to receive $645 million

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Blackstone denies seeking to acquire Brazil mall operator

Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA , denying a report published early in the day by newspaper O Globo. “We are not actively engaged in acquisition discussions for BR Malls,” Blackstone said in an emailed statement. The Brazilian newspaper, without citing sources for its information, said early Sunday that Blackstone had hired JP Morgan Chase & Co. to help it consider acquiring a controlling stake …

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Blackstone denies seeking to acquire Brazil mall operator

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Hedge funds place bets on Morgan Stanley; some exit Valeant

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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Major U.S. banks raise prime rates after Fed rate hike

(Reuters) – Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. Banks including Wells Fargo & Co , JPMorgan Chase & Co and Bank of America Corp raised their prime rates

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Major U.S. banks raise prime rates after Fed rate hike

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