Warren Buffett's conglomerate Berkshire Hathaway owned a new stake of about 40 million shares in oil major Exxon Mobil as of the end of September, according to an SEC filing on Thursday.
Neuberger Berman, the money manager that was part of Lehman Brothers until that firm failed, has more than doubled its assets in East Asia since March 2010 and plans to add staff in the region.
There was Facebook; there was Twitter. But some see a shift from social to enterprise-centric companies as candidates for the next big thing.
Best Year for China Outbound M&A Since 2008
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To promote its standing in China, JPMorgan Chase turned to a seemingly obscure consulting firm run by a 32-year-old executive named Lily Chang.
SAC Capital Advisors money manager Michael Steinberg lost a bid to delay his insider-trading case, leaving him to face a jury next week in the first of two upcoming trials tied to the hedge fund run by Steven A. Cohen.
Goldman Sachs lost at least nine managing directors in Brazil this year as revenue from investment banking falls and trading and wealth-management fees increase, four people familiar with the matter said.
Anshu Jain spent two decades turning Deutsche Bank into a global investment-banking behemoth. Now the lender is cutting its client list in half and pulling out of countries around the world.
Royal Bank of Scotland has said the loss at its investment bank almost doubled as CEO Ross McEwan dismantles the division and scales back trading businesses amid lingering costs for litigation.
Vinay Pande, a partner at Brevan Howard Asset Management, is leaving the hedge fund firm, according to two people familiar with the matter.