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Ally Financial to buy CardWorks in $2.65 bln deal

6 years 7 months ago
Auto lender Ally Financial Inc on Tuesday agreed to acquire privately held CardWorks for $2.65 billion as it looks to diversify its consumer product offerings, supported by a growing and low-cost deposit base.
Reuters

Breakingviews - Bloomberg throws Wall Street under campaign bus

6 years 7 months ago
NEW YORK (Reuters Breakingviews) - What Wall Street employee wouldn’t love to see Michael Bloomberg in the White House? The would-be Democratic nominee knows the industry better than any previous U.S. president, and his self-funding campaign isn’t going to cost them
Reuters

South Korea Bourse May Test Support At 2,200 Points

6 years 7 months ago
(RTTNews) - The South Korea stock market has finished lower in back-to-back sessions, sliding almost 35 points or 1.5 percent along the way. The KOSPI now rests just beneath the 2,210-point plateau and it may extend its losses again on Wednesday.
RTTNews

Automakers Reopen Some Chinese Facilities as Coronavirus Fears Abate

6 years 7 months ago
The COVID-19 outbreak that has shut down many of China's businesses since late January is not fully contained, but a handful of automakers are starting to reopen manufacturing facilities in the country as the spread of the disease appears to have been curbed. Toyota (NYSE: TM),
The Motley Fool

TSX Ends Marginally Up After Choppy Ride

6 years 7 months ago
(RTTNews) - The Canadian stock market recovered after a weak start, faltered again, but managed to emerge into positive territory around late afternoon to end the session marginally up on Tuesday.
RTTNews

Why Shares of Ocwen Financial Are Jumping Today

6 years 7 months ago
What happened Shares of Ocwen Financial Corporation (NYSE: OCN) jumped more than 10% on Tuesday after hedge fund manager Leon Cooperman recommended the mortgage servicing company. The stock is down 20% over the past year, and Cooperman believes it is oversold.
The Motley Fool
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