Howard Chen, an analyst from Credit Suisse, will be joining the bank's Investment Banking Department as the Managing Director and Global Head of Financial Technology and Financial Strategies.
Firm Management
OAO Moscow Exchange pushes for extra hour of trading
The OAO Moscow Exchange is considering to extend its bourse's trading hours after the elimination of winter time in Russia saw the reduction of the country's trading volumes.
CVS, Cardinal Health to start generic drug venture
CVS Caremark Corp. and Cardinal Health Inc. are looking to set up a joint venture that will be the biggest generic medicines supplier in the US. The said venture will be equally owned by the two drug companies.
General Motors names first female CEO
General Motors Co. has named Mary Barra as new chief executive officer a day after the US government exited its final shares of GM. Barra will replace GM CEO Dan Akerson who is retiring on January 15.
Extole secures $5M in funds for product development, adds veterans to team
Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.
Latest News
The Israeli parliament passed legislation on Monday aimed at improving economic competition by halting pyramid structures in companies and breaking up large conglomerates blamed for high living costs.
Adobe Systems Inc and other major software providers like Microsoft Corp and SAP had to shift its priority to cloud software after experiencing lackluster sales in their hardware-dependent software products.
The European Aeronautic Defence and Space Company or EADS plans to cut anywhere from 5,000 to 6,000 jobs and sell its Paris headquarters as part of its reorganization program, Le Figaro newspaper reported.
A company spokesman of multinational conglomerate corporation ThyssenKrupp said it will be keeping its Steel Europe business, rejecting speculation on divesting the asset in the efforts to restructure the German company.
The Belfast Telegraph said in a report that Ministry of Defence Secretary Philip Hammond will be left working out other options after plans for purchasing military equipment via a private consortium had failed.
A Business Insider report cited multiple sources who provided a background story on why Yahoo Inc was not keen to acquire the company of mobile app Ptch, and why DWI Investments were not happy with the outcome of the deal.
American book chain Barnes & Noble made public an on-going US Securities and Exchange Commission investigation on its accounting practices. Barnes & Noble recently restated its earnings for fiscal year 2011 and 2012.
Diego Rivera's Detroit Industry murals, which was commissioned by Ford Motors Co. in 1932, has been protected from Detroit's bankruptcy sale. Britain's Christie's Inc. assessed pieces bought by the city money to be worth USD452 million to USD866 million.
After the government announced a ban on the use of Bitcoin for financial institutions, China's biggest search engine Baidu Inc announced that it would no longer be accepting the digital currency as payment.
