Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters.

Venture-capital firm Kleiner Perkins Caufield & Byers asked a California state court on Wednesday to dismiss a discrimination lawsuit by partner Ellen Pao.

Have you ever heard of the richest man in Africa? Compared to Bill Gates or Warren Buffett, construction tycoon and the richest man in Africa, Aliko Dangote, is not that well known.

Goldman Sachs (GS.N) said on Tuesday it had rehired veteran banker Mark Schwartz in the role of chairman of its Asia Pacific unit.

JP Morgan's top media sector banker Harry Hampson is to become head of the bank's Financial Sponsors Group which advises private equity firms.

Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors.

In a letter to publishers and editors, Warren Buffett said Berkshire Hathaway will probably purchase more newspapers in a few years.

U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners CVC.UL to buy a controlling stake in Nine Entertainment.

Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm alleging sexual harassment and discrimination.

Oliver Chang, head of U.S. housing strategy at Morgan Stanley is leaving his firm to start his own buy-to-rent housing fund.