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Morgan Stanley oil trading deal off

Oil Barrels

Morgan Stanley and Rosneft said Monday that they were terminating the agreed sale of a large portion of Morgan Stanley’s oil trading business to the state-controlled Russian oil company.

JPMorgan computer breach could have been prevented

Computer Hacker

The computer breach at JPMorgan Chase this summer — the largest intrusion of an American bank to date — might have been thwarted if the bank had installed a simple security fix to an overlooked server in its vast network, said people who have been briefed on internal and outside investigations into the attack.



London At Night

Hedge fund demands for London office space drops

Hedge funds and private equity firms took the least amount of office space in central London since the start of 2012 in the first quarter, according to broker Cushman & Wakefield, as sputtering global growth and increased regulation deterred startups.