negative-rates

Icahn denies attempt to sell Herbalife stock, buys more shares

Herbalife shares rose 4 percent in extended trading, reversing course after Icahn said he had bought 2.3 million shares on Friday. “Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares,” Icahn said in a statement after market close. Ackman, who unveiled a $1 billion short bet against Herbalife in 2012, said on CNBC earlier in the day that Icahn's planned stake

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Icahn denies attempt to sell Herbalife stock, buys more shares

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Redstone granddaughter agrees to case dismissal, helps broader deal

The granddaughter of Viacom Inc's controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media empire. …

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Redstone granddaughter agrees to case dismissal, helps broader deal

negative-rates

For the Fed’s Yellen ‘conventional’ unconventional policy is enough

By David Chance WASHINGTON (Reuters) – For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using…

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For the Fed’s Yellen ‘conventional’ unconventional policy is enough

negative-rates

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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VW says talks to end supplier dispute will resume on Monday

Volkswagen is seeking a negotiated settlement with suppliers in a dispute over contracts that is halting production at some of its plants and talks will resume on Monday, the German carmaker said. “Naturally, we remain in talks with the suppliers,” a VW spokesman said, adding that the negotiations had run late into the night

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VW says talks to end supplier dispute will resume on Monday

negative-rates

Viacom says CEO Dauman to resign post immediately; Dooley steps in

By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc, the privately held company that holds 80 …

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Viacom says CEO Dauman to resign post immediately; Dooley steps in

negative-rates

BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei

The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth. In an interview with the daily, Kuroda said the BOJ's negative rate policy has not reached its limits. “The degree of negative rates introduced by European central banks is bigger than Japan.

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BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei

negative-rates

IMF supports move to negative rates by some central banks

The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. Six of the world's central banks have introduced negative rates, most notably the Bank of Japan and the European Central Bank, and around a quarter of the world economy by output is now experiencing official rates that are less than zero.

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IMF supports move to negative rates by some central banks