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Kerry Announces $600 Million Development Fund For Nigeria, Agrees Forming Working Groups

The US has halted all sorts of cooperation to Nigeria on the allegation of human rights abuse and corruption by Nigerian army during the regime of Goodluck Jonathan. But under the leadership of President Muhammadu Buhari, the encouraged US has vowed for extending economic and security support forming working groups. John Kerry, the US Secretary of State has also announced $600 development assistance for Nigeria.

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Bronze Equestrian statue of George Washington in the Public..

Meketa Investment Group enhances staff ownership team

Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.

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Hedge Fund Fight Night 2013 Training

Glenmede Fund Manager de Vassal Wins 2016 Lipper Award For Excellence In Fund Management

‘Lipper Fund Awards’ recognizes outstanding fund managers extracted through a proprietary quantitative methodology. This year, Vladimir “Val” de Vassal, CFA, fund manager for Glenmede Large Cap Growth Fund, has won the award. Peter Zuleba, president of Glenmede Investment Management expresses his pride for Mr. Vassal and his team’s achievement for excellence in fund management.

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US-CHINA-GE-HAIER

GE Shrinks Finance Business, Appeals For Omitting SIFI Label

GE has slashed down assets of finance arm from $549 billion to $265 billion while cutting ties with rest of the financial system that led to attain the SIFI status. Now the conglomerate appeals for its declassification since it no longer possesses ability to exert risk for the US economy. However, an FSOC spokesman vows to exercise its legislative authority in protecting the country’s economy from potential threats.

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orld Leaders Gather For Nuclear Security Summit

US investments in India outpacing China

Investments from the US surpassed China ever since Narendra Modi became Prime Minister of India in May 2014. The encouraging economy growth is the prime reason for robust US investments in India.

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David Montgomery, vice president, Charles River Associates,

Charles River Associates Appoints James Massey To Strengthen Its Finance Practice

Charles River Associates, CRA, the Boston based global consulting firm is specialized in litigation, regulatory, financial and management consulting. The firm is now expanding the finance practice through appointing James Massey as a vice president. Mr. Massey has 30 years’ experience in advising a wide range of companies covering S&P 500, private equity firms, hedge funds and so on.

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New York tours and attractions: Metlife building standing.

MetLife wins legal case against FSOC's SIFI designation

MetLife has won a legal battle against US regulators over systemically important' financial institution (SIFI) status. A Washington court has rejected Financial Stability Oversight Counsil's (FSOC) attempt to classify MetLife as SIFI.

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Yahoo Said to Propose Job Cuts as Part of Mayer's Revival Plan

Yahoo revises bylaws allowing proxy access

Allowing proxy access, Yahoo Inc has revised its bylaws. It'll also enable long-time shareholders to nominate candidates at board on ballots. The new bylaws will come into force after 2016 annual general meeting (AGM) scheduled in June or July.

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Apple Inc. Announces New iPhone And iPad Pro

Apple Launches Safari Technology Preview, New Browser Version For The Developers

Apple has launched on Wednesday a new Safari browser version, specially designed for the developers, Safari Technology Preview. It allows developers to experiment their own applications with the browser version with features like ECMAScript 6 and the B3 JavaScript JIT compiler. Apple has requested to share experience feedback to help in further developments of the browser.

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The logo CITI on the facade of a modern building. Citigroup...

Citigroup Study Report Suggests 30% Job Cuts In US Banking Industry By 2025

To tackle volatility in the US banking market, regulators are enacting new laws time to time directing to absorb new technologies. Adoption of automated technologies coupled with aggression by fintech startups. A recent Citigroup study predicts that US banking sector may witness 30% job cutts by 2025.

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SunEdison Installs Solar Panels On Kohl's Rooftops

$2.6-bln buying binge puts SunEdison on brink of collapse

The aggressive buying binge of SunEdison Inc has resulted in a total debt of $12 billion. The US-based clean-energy company may seek bankruptcy protection.

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AIG or American International Group signage on its building...

United Guaranty, Mortgage Insurer of AIG Files For IPO With NYSE

AIG has announced in January planning for spinning off its mortgage insurer unit United Guaranty, following pressure from the shareholders. Following the announcement, Standard & Poor’s, a credit rating agency has downgraded its rating with specific reasoning. The mortgage insurer of AIG has disclosed through a regulatory filing that it intends to go for an initial public offering.

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Senate Hearing On The Pension Plans Of U.S. Airways

MetLife Approaches With Breakup Plan Since Washington Court Declares SIFI Label Unlawful

MetLife has announced in January planning for selling large portion of its US insurance unit. But the move has been suspended following imposition of designation as SIFI by FSOC. However, the FSOC move has been declared unlawful by a Washington court which paves the way for MetLife to go with its breakup planning.

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Pepsi And Frito Announce Plans To Cut Sodium, Sugar, And Fat From Products

PepsiCo Reshuffled Its North American Management

PepsiCo reorganize its North American operation. The company appointed Albert Carey CEO to oversee beverages, Frito-Lay and Quaker Foods divisions in North America, and two other executives.

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GE Healthcare Event In New York

Western Alliance Bank to buy part of GE Capital assets

US-based Western Alliance Bank has decided to buy GE Capital assets from General Electric Co. The deal is expected to be completed by end of 2016. General Electric will focus on its core industrial operations.

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