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Outside Investors Rebuke Facebook Vote Structure Tallies Show

BOSTON – A wide majority of outside investors at Facebook Inc backed a measure that would revamp its voting structure and end the supervoting rights of shares held...

Finance Watchdog To Investigate British Bank Tsb Over It Outage

LONDON – British politicians on Wednesday criticised TSB boss Paul Pester for his handling of the bank’s ongoing IT problems and said the Financial Conduct...

David Koch To Retire From Koch Industries Due To Poor Health Memo

– Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an...

Billionaire David Koch To Retire From Koch Industries Cnbc

– Billionaire industrialist David Koch is retiring from his role at Koch Industries and associated companies due to health reasons, CNBC reported on Tuesday,...

Us Hedge Fund Hudson Bay To Open London Office Sources

LONDON – U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday. Hudson Bay,...

Saudi Aramco Names New Head Of Finance After Government Reshuffle Sources

DUBAI – Saudi Aramco has named at least five new heads of departments including its finance unit after a government reshuffle last week saw several executives at...

Britain Takes 268 Billion Loss On Rbs Share Sale

LONDON – Britain has sold some of its holding in Royal Bank of Scotland (RBS.L), the bank which it rescued in the 2008 financial crisis, but has taken a loss of...

Britain Takes Around 266 Billion Loss On Rbs Share Sale

LONDON – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares (RBS.L) for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss...

British Government Completes 77 Percent Rbs Stake Sale

LONDON – Britain’s government sold approximately 7.7 percent of Royal Bank of Scotland shares (RBS.L), the bank said in a regulatory filing on Tuesday....

Southeast Asias Grab Launches Innovation Arm To Develop Tech Start-ups

SINGAPORE – Southeast Asia’s Grab on Tuesday launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food...