7 years ago071(Reuters) - Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business.
The Japanese conglomerate, whose stock closed at 231.6 yen per share on Friday, may...
7 years ago094(Reuters) - Internet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said.
An IPO will test investor's reception to Roku, the brainchild of digital video recorder (DVR) inventor...
7 years ago071FRANKFURT (Reuters) - SoundCloud, the world's biggest music-streaming service, is still struggling to find a business model - it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday.
The Berlin-based start-up is different from rivals Apple, Spotify and Amazon in...
7 years ago0104(Reuters) - Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc (GS.N) has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment.
The fifth-largest U.S. bank by assets told employees in its technology division to "exercise judgment in determining when to adapt to...
7 years ago078German firms have lost millions of euros to organized crime in a scam dubbed "CEO Fraud" that uses faked memos from top executives to entice accounting personnel to transfer funds, Germany's federal cyber agency said on Monday.
The BSI agency said officials investigating the new scam had secured a list of 5,000 potential targets, and...
7 years ago045Financial technology firms in Brazil are targeting lending to small- and mid-sized companies to fill a gap in the credit market left by large lenders deterred by rising delinquencies and narrow margins.
Fintech firms in Brazil have been growing fast in sectors such as consumer lending and credit cards, seeking to undercut some of the...
7 years ago086Warren Buffett's Berkshire Hathaway Inc (BRKa.N) may be on the verge of becoming Bank of America Corp's (BAC.N) largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses.
Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share...
7 years ago083JPMorgan Chase & Co is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud.
Sol Gindi, chief administrative officer for JPMorgan's consumer bank, said the company is making the change so that bank branch managers and loan officers can do their...