Hedge fund giant Citadel is building out a new unit with big hires

CNBC/ Heidi Gutman Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit. The group is headed by Eric Felder, who was hired from Magnetar earlier this year. The team, which invests across various asset classes, is set to grow to 20 to 25 investment professionals, and was called Fundamental Strategies when it […]

Apple wants to stop Western Digital from buying Toshiba’s chip unit

(Reuters) — Apple Inc has sought to stop Western Digital Corp from taking control of Toshiba Corp’s chip business by threatening not to buy its products in the future, people with knowledge of the deal said. Apple, which uses Toshiba’s NAND flash memory chips in its iPhones, is concerned about losing pricing power if Western […]

Apple bolsters its TV unit with more top Sony talent

Seasoned execs from the world of network television are dotted all around video services. Netflix, YouTube, and Amazon have all made big hires from TV land to help boost original programming. And, it seems Apple has been taking notes. Keen to launch its own competitive line-up of exclusive shows, the tech giant is adding yet […]

Goldman Sachs is reportedly on the hunt for star traders to revive its struggling commodities unit (GS)

AP Goldman Sachs is reportedly looking to boost its struggling commodities unit with fresh hires and new clients as it tries to rebound from its worst quarter in over 18 years. The news was first reported by Bloomberg News’ Dakin Campbell, Jack Farchy, and Javier Blas: The bank will bring in a few high-profile commodities […]

Goldman Sachs is reportedly on the hunt for star traders to revive its struggling commodities unit (GS)

AP Goldman Sachs is reportedly looking to boost its struggling commodities unit with fresh hires and new clients as it tries to rebound from its worst quarter in over 18 years. The news was first reported by Bloomberg News’ Dakin Campbell, Jack Farchy, and Javier Blas: The bank will bring in a few high-profile commodities […]

Wait, what? Trump proposed a joint “cyber security unit” with Russia

Enlarge (credit: Mikhail Pochuyev/via Getty Images) President Donald Trump proposed creating a so-called “cyber security unit” with Russia, then he decided against it after the idea was shot down by pretty much anybody who got word of it, including congressional members of his own GOP party. Trump, after meeting with Russian President Vladimir Putin on […]

Trump throws cold water on forming ‘impenetrable Cyber Security unit’ with Russia hours after tweeting about the possibility

REUTERS/Yuri Gripas President Donald Trump suggested on Sunday that he will not pursue a joint cybersecurity task force with Russia, throwing cold water on speculation that sprung from comments he made on Twitter earlier in the day. “The fact that President Putin and I discussed a Cyber Security unit doesn’t mean I think it can happen. It can’t-but […]

‘He has best CIA stuff’: WikiLeaks nominates Assange to run Trump’s ‘US-Russia cyber security unit’

Published time: 10 Jul, 2017 03:20 The whistleblowing website Wikileaks has suggested that Donald Trump appoint Julian Assange as the chief of the joint cyber security unit as discussed with President Vladimir Putin. Trump, however, clarified that discussions do not mean any plans for such unit are in the works. On Sunday, Trump announced on […]

Trump talked to Putin about creating a ‘Cyber Security unit’

Yes, you’re reading that headline correctly. In the wake of a meeting at the G20 summit, President Trump has revealed that he talked to Russian President Vladimir Putin about creating an “impenetrable Cyber Security unit” that would protect against “election hacking, & many other negative things.” He didn’t go into details as to what this […]

VW's French unit reported false delivery figures since 2010

Volkswagen’s French division reported inaccurate delivery figures to German headquarters for years to make its performance look better, Der Spiegel said on Friday, citing a report by the carmaker’s internal auditors. The auditors found a number of cars were registered by their owners “several months or even years” after the deliveries were recorded by the […]