The German sporting goods company stunned investors by slashing its profit forecast for the year, citing challenges to its golf business, lower consumer spending in Russia and the cost of its World Cup marketing.
When Italian academic Alberto Micalizzi moved into the world of hedge funds, he was following a familiar path. But the move has ended badly.
Good-bye Detroit, hello Hawaii. With markets at record levels and wealth-management fees rising, Wall Street is once again sending top brokers to luxury destinations.
McKesson Corp. said its fiscal first-quarter earnings fell 5% despite the drug wholesaler's strong revenue growth.
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