Recent Posts

Wells Fargo CEO to stay until he’s 65

Bloomberg Wells Fargo & Co. CEO Tim Sloan said he’s prepared to keep running the company for much of the next decade, as he shifts from two years of navigating crises to focusing on improving shareholder returns. “There’s growth opportunities everywhere,” Sloan, 58, said in an interview, commenting just two days after the bank’s chairman batted back Wall Street whispers ...

Read More »

BofA sees gold above $1,300 on fiscal deficit

Bloomberg Gold is set to surge over next year as concerns deepen about the widening US budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America (BofA) Merrill Lynch . Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the US fiscal balance, Francisco Blanch, head of global ...

Read More »

Casino says it rejected offer that Carrefour denies making

Bloomberg France’s grocery sector was thrown into tumult after Casino Guichard-Perrachon SA alleged it got approached about a merger by Carrefour SA, which denied making any proposal. Casino, the embattled owner of Monoprix and Geant supermarkets, said just before midnight Sunday that its board held a meeting after being contacted by Carrefour about a possible combination. Four hours later, Carrefour ...

Read More »
Send this to a friend