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.
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
(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.
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),
Fortescue Metals Group Ltd reported a near four-fold rise in half-year profit on Wednesday, beating estimates, as it cashed in on higher iron ore prices after a tailings dam disaster in Brazil early last year curtailed global supply.
(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.
A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies' constitutional challenge to a U.S. law that restricted its ability to do business with federal agencies and their contractors.
(RTTNews) - KAR Auction Services, Inc. (KAR) said, for 2020, it projects: operating adjusted net income per share in a range of $1.28 - $1.38; and adjusted EBITDA of $520.0 million - $540.0 million.
Australia's Crown Resorts Ltd on Wednesday posted a 11% fall in half-year profit as Chinese high-rollers scaled back spending amid a slowdown in the world's second-largest economy.
Evergy Inc is in advanced talks with Elliott Management Corp about a deal to avert a board challenge and give the hedge fund a say about who some directors will be at the Midwestern utility, people familiar with the matter said on Tuesday.
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.