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Brendan McDermid/Reuters Carl Icahn has agreed to sell auto parts maker Federal-Mogul to Tenneco for $ 5.4 billion. Tenneco will pay $ 800 million in cash and 29.5 million of its common shares, in addition to taking on debt. (Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc <TEN.N> in […]
A bank employee in the United Arab Emirates managed to embezzle $ 5.4 million from her place of employment, aiming to spend it on her lover and his brothers, according to local media. The suspected fraudster – who served as head of accounts and customer service manager at the bank in Abu Dhabi – embezzled […]
Bloomberg TV To Kate Moore, there’s nothing more important for an investor than keeping an open mind. Now the chief equity strategist at BlackRock, which oversees $ 5.4 trillion, Moore has used this as a guiding principle throughout her career — whether that meant figuring out the next move in her career, or making an […]
Bloomberg TV The fear gauge for stocks is locked near its lowest levels on record, yet in an ironic twist, that very fact has led to one of the most anxiety-inducing situations in global markets. In an environment starved for the types of price swings that create investment opportunities, traders have turned their attention to one […]
