Cargill’s Black River Asset Management plans to shutter four of its hedge funds and return more than $1 billion to investors over the next several months.
The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.
Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.
The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.
Shell announced plans to slash 6,500 jobs amid a slump in oil prices that has sent a wave of job cuts rippling through the industry.
Three bottlers of Coca-Cola products in Europe are in advanced talks about a merger that would further a push by the U.S. soda giant to consolidate its bottlers around the world and lower costs.
Sony has made great strides rationalizing costs and wooing back disillusioned investors. But color is still needed on how it plans to spend investors’ cash.
Whiting Petroleum’s capitulation suggests oil price rallies will be capped in 2016.
John Cryan, Deutsche’s incoming chief, has to dig his way out of a deep hole.
The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.