Big stock market investors are not doing enough to push companies to ensure bosses' pay deals reflect their long-term performance, according to one of the biggest fund managers.
Ed Balls is to launch a bid to bolster Labour's credibility with business by promising to keep a low rate of corporation tax and attract long-term investors to Britain, as he brushed off criticism from the policy chief Jon Cruddas that a "profound dead hand" within the party is blocking bold reforms.
The New York attorney general has sued Barclays, accusing the British bank of misrepresenting the safety of its US-based alternative trading system, or "dark pool", to investors.
Key investors have been told to press Britain's leading companies to explain how they would cope with the departure of their chief executive or other senior boardroom figures.
It was a deal that stunned London property circles.
The American lawyer who orchestrated a successful class action suit against the tobacco industry 20 years ago has turned his sights on the stock exchanges caught up in the controversy over high-frequency trading.
Executives of Goldman Sachs and Morgan Stanley, America’s two largest former investment banks, announced positive earnings on Thursday yet seemed at a loss to explain or predict the path of the economic recovery.
Money goes to money.
A Manhattan jury has found former SAC Capital manager Mathew Martoma guilty of using illegal tips to earn his employer $276m in a scheme prosecutors alleged was one of the largest ever insider-trading scams.