Citigroup’s Gene McQuade is taking on arguably the most important job at the global bank: making sure that this year it passes the Federal Reserve stress test.
The expanding ranks of Australians who manage their own pension savings, known as “selfies,” are helping drive stocks to levels not seen since the global financial crisis.
Germany’s government is pushing to expand tax breaks for startups and trying to ease their path to the stock market, in an effort to buck a trend that worries policy makers: a decline in entrepreneurialism.
The political upheaval in Yemen has dealt a powerful blow to the country’s oil industry, forcing companies to abandon productive oil patches and evacuate staff as a rebel group consolidates power.
Alibaba said it is opening a data center in Silicon Valley, the Chinese e-commerce company’s first in the U.S., as it expands its cloud-computing business outside China.
The relationship between Google and Wal-Mart has frayed over the data used to lure shoppers into stores.
Investors have pulled more than $3 billion out of Convexity Capital Management LP over the past year after a period of performance the firm itself described as “not good.”
McDonald’s plans to curtail antibiotics use in its U.S. chicken, a move that could help kick-start a broader food-industry response to growing public-health alarm around drug-resistant bacteria.
Large companies across the U.S. are gearing up to increase capital spending, and the new business investment could give another boost to the strengthening U.S. economy.
Toyota tapped a foreigner as an executive vice president for the first time in the company’s nearly eight-decade history.