Societe Generale Reportedly Considers Thousands Of Job Cuts At Investment Bank

Societe Generale SA (SCGLF.PK, SCGLY.PK) is considering to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, Bloomberg reported citing people familiar with the matter.

Pinterest files confidentially to go public

The visual search engine has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, the WSJ reports.

Abbott and Novo Nordisk Enter Partnership to Provide Integrated Digital Solution...

ABBOTT PARK, Ill. and BAGSVÆRD, Denmark, Feb. 20, 2019 /PRNewswire/ -- Abbott (NYSE: ABT) and Novo Nordisk today announced a non-exclusive partnershi

Oil Prices Rise After API Reports Small Drop In Gasoline Stockpiles

The API reported a small decrease in both gasoline and distillates inventories for the week ending Friday February 15th

McKinsey Settles With US DoJ Over Bankruptcy Disclosures

McKinsey & Co. agreed to pay $15 million to settle the U.S. Justice Department allegations that the consulting firm failed to make required disclosures of potential conflicts in three bankruptcy cases it has advised on in recent years.

Google Acquires Cloud Migration Company Alooma

Alphabet Inc.'s GOOGL Google said Tuesday that it had agreed to acquire cloud migration company Alooma for an undisclosed sum.

Drillers add oil rigs for second week in a row -Baker...

U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. output keeps growing from record levels.

FDA grants Priority Review to Roche’s polatuzumab vedotin in previously treated...

Source: globenewswire.com The U.S. Food and Drug Administration has accepted Roche’s Biologics License Application and granted Priority Review for polatuzumab vedotin in combination with bendamustine...

J.P. Morgan to launch a U.S. dollar-backed cryptocurrency

JPM Coin, the first of its kind from a major bank, will initially be used to transfer funds over a blockchain network internally and between internationally between institutional clients.

Crude inventories rise to highest in more than a year: EIA...

U.S. crude oil inventories rose last week to the highest since November 2017 as refiners cut runs to the lowest since October 2017, the Energy Information Administration said on Wednesday.