Page 1704 


Xstrata's Chief Financial Officer Quits

Exit Sign

Xstrata's chief financial officer is to quit the miner following its takeover by Glencore, becoming the first director to abandon ship after investors failed to approve a gold-plated retention plan as part of the deal.

Facebook's New Plan To Grow Revenue


Facebook (NASDAQ: FB) has a new plan to grow its user base-and mobile revenue-by expanding the reach of its mobile messenger app. Starting Tuesday, anyone with a mobile phone can sign up for Facebook Messenger, using just a name and phone number.

People and Hiring News

For Hire

Goldman Sachs CEO Lloyd Blankfein and President Gary Cohn have exercised more 10-year-old stock options, boosting their total gains to more than $5m each.

One-Time Hedge Fund Wiz Faces Second Abysmal Year

John Paulson Still

One of the hedge funds run by John Paulson, whose prescient bets were chronicled in 'The Greatest Trade Ever', is on track to be the second worst performer of 2012 among the universe of funds tracked by HSBC.