Finance

During these recent management changes, there has also been intense pressure on Paul Achleitner himself, who has appointed three new chiefs during his tenure. On Monday, Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s “Squawk Box Europe,” that Achleitner has a number of questions to answer. Hermes Equity
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Shares of Verifone skyrocketed more than 50 percent in extended trading after a private equity firm-led investor group announced it would acquire the electronic payment company in a $3.4 billion deal. Verifone’s stock has fallen about 70% from its peak in 2011. The company’s point-of-sale systems, including its widespread credit-card readers, have struggled in competition
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Russian stocks crashed on Monday, while aluminum prices spiked, after the United States levied its harshest sanctions to date against Russia. The Russian RTS index plunged 11.6 percent and was on track to post its biggest one-day decline since Dec. 16, 2014 when it fell 12.4 percent. Meanwhile, the VanEck Vectors Russia exchange-traded fund (RSX)
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One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. “What really caught our eye,
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The possible replacement of Deutsche Bank Chief Executive John Cryan could be discussed on a call with board members scheduled on Sunday evening by Supervisory Board Chairman Paul Achleitner, German newspaper Handelsblatt reported. Achleitner has invited the supervisory board to an “Update Call”, the paper reported, adding the invite did not contain further information about
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AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese online brokerage firm Monex Group
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Check out the companies making headlines after the bell: PriceSmart shares popped 4 percent after hours. The warehouse club operator reported earnings and revenues that surpassed analyst estimates. Warehouse sales were also up 6 percent this quarter. Urban Outfitters stock fell over 1 percent in extended trading. The clothing retailer announced the departure of David
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Jaap Arriens | NurPhoto | Getty Images Mark Zuckerberg, CEO of Facebook. Check out the companies making headlines after the bell: Shares of Facebook gained nearly 3 percent post-market. The social media company announced a slew of new privacy measures on Wednesday afternoon that restrict third-party access to personal user data. The new measures come
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Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera. Check out the companies making headlines after the bell: Cloudera stock plummeted 25 percent post-market after the cloud computing company released its earnings report. Fourth-quarter revenues and earnings beat Wall Street estimates, but guidance for the upcoming quarter and fiscal year
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Still, large employers are pushing for new models to reign in health costs and improve care. Amazon, Berkshire Hathaway and J.P. Morgan have joined together to create a firm, which will try to reduce costs and improve care for their combined workforces of 1 million people. Three years ago, when four of the major health
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