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Schwartz and Solomon were not quoted in the announcement. David Solomon will serve as sole President and Chief Operating Officer of the firm upon Harvey's retirement. He and Solomon were named co-COO in December 2016 in a setup that appeared to pit the two against each other to eventually lead what is viewed as the most powerful USA investment bank.
  • Top candidates to replace Gary Cohn

    Top candidates to replace Gary Cohn

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    Since Trump moved into the White House, Cohn and other aides have restrained Trump from pursuing what they regard as protectionist policies. For his part, Trump claims that "many people" are applying for the job and he will announce a pick soon.
  • Automakers respond to Trump's proposed steel, aluminum import tariff increases

    Automakers respond to Trump's proposed steel, aluminum import tariff increases

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    Trade Representative Robert Lighthizer pose for a photo during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. On Monday, Trump hedged the tariff increases against ongoing negotiations over the North American Free Trade Agreement. 31% of people surveyed by Quinnipiac University said they support the steel and aluminum tariffs .
  • Gary Cohn's A 'Globalist,' But I Still Like Him

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    The Nasdaq rose 24.64 points or 0.3% to 7,396.65, but the Dow fell 82.76 points or 0.3% to 24,801.36 and the S&P 500 edged down 1.32 points or 0.1% to 2,726.80. Trump signed a proclamation on Thursday to impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. "The focus in today's ECB meeting will be whether the bank changes its forward guidance around QE", said Kengo Suzuki, chief forex strategist at Mizuho Securities.
  • Bihar bypolls: Voting underway for Araria Lok Sabha, 2 assembly seats

    Bihar bypolls: Voting underway for Araria Lok Sabha, 2 assembly seats

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    Sarfaraz Alam was JD (U) MLA from Jokihat Assembly segment of the constituency. Six Rajya Sabha seats are falling vacant on April 2 as sitting members - Mahendra Prasad alias King Mahendra, Vashishth Narain Singh and Anil Kumar Sahni- all of JD (U), are completing their terms on April 2 while two union ministers - Ravishankar Prasad and Dharmendra Pradhan, both of BJP are also completing their terms on same day.
  • Microsoft Co. (NASDAQ:MSFT) EVP Sells 3500 Shares of Stock

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    The stock increased 4.01% or $1.65 during the last trading session, reaching $42.75. Vanguard Group Inc. now owns 564,052,011 shares of the software giant's stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter.
  • BidaskClub Upgrades Baidu (NASDAQ:BIDU) to Hold

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    The stock increased 0.14% or $0.0264 during the last trading session, reaching $18.7864. The Estée Lauder Companies Inc. Green Dot Corporation (NYSE:GDOT) has risen 53.57% since March 9, 2017 and is uptrending. Analysts await Baidu, Inc. (NYSE:EL) to report earnings on May, 2. EL's profit will be $386.17 million for 34.54 P/E if the $1.05 EPS becomes a reality.
  • Tiaa Fsb Has $3.28 Million Position in QUALCOMM, Inc. (NASDAQ:QCOM)

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    The stock increased 1.96% or $1.21 during the last trading session, reaching $63.03. About 64.16M shares traded. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since March 9, 2017 and is uptrending. (NYSE:CRCM) shares were sold by Miller J Sanford. Analysts await CenturyLink, Inc. (NYSE:R) to report earnings on April, 24. During the same quarter in the prior year, the firm posted $1.19 earnings per share.
  • Applied Materials, Inc. (AMAT) Sees Significant Increase in Short Interest

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    Applied Materials (NASDAQ: AMAT ) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report issued on Monday, February 19th. Los Angeles And Equity Research Inc accumulated 0.09% or 50,523 shares. State Farm Mutual Automobile Insurance holds 6,000 shares or 0% of its portfolio.
  • Stake sale in Air India, Pawans Hans to be fast-tracked

    Stake sale in Air India, Pawans Hans to be fast-tracked

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    The government owns 100% stake in Air India and 51% in the helicopter operator Pawan Hans. Prime Minister Narendra Modi's cabinet gave the go-ahead last year to sell the flagship carrier, after successive governments spent billions of dollars in recent years to keep it solvent.
  • China-US trade war would produce no winners, only catastrophe, Beijing says

    China-US trade war would produce no winners, only catastrophe, Beijing says

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    At the same time, Zhong signaled Beijing's readiness to uphold China's national interests. Zhong, speaking on the sidelines of China's annual session of parliament, said China does not want a trade war and will not initiate one. As China's exports surged in February its monthly surplus with the United States widened from a year earlier to $20.96 billion, according to data from the customs bureau.
  • Global Tire Building Drum Market 2018- Michelin, Bridgestone, VMI

    Global Tire Building Drum Market 2018- Michelin, Bridgestone, VMI

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    The stock increased 0.76% or $0.61 during the last trading session, reaching $80.68. About 2.34 million shares traded. The Wendy's Company (NASDAQ:WEN) has risen 56.90% since March 8, 2017 and is uptrending. Guggenheim downgraded the shares of GT in report on Wednesday, November 1 to "Neutral" rating. Ftb holds 180 shares. Mason Street Advsr Ltd Llc has 0.01% invested in Select Medical Holdings Corporation (NYSE:SEM) for 26,935 shares.
  • Saturday's rallies for and against pipeline project

    Saturday's rallies for and against pipeline project

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    Salient Capital Advisors Llc bought 480,271 shares as the company's stock declined 10.34% while stock markets rallied. The institutional investor held 164,460 shares of the prepackaged software company at the end of 2017Q3, valued at $15.36M, down from 187,084 at the end of the previous reported quarter.
  • US Signs Off On Tariffs, Angering Trade Partners

    US Signs Off On Tariffs, Angering Trade Partners

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    Trade Representative Robert Lighthizer on Saturday. The exemptions for Canada and Mexico, which are temporary, were also seen as being prompted part by the North American Free Trade Agreement talks, where US negotiations could use the prospect of making them permanent as a bargaining chip.
  • Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Toronto Dominion Bank

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    Great West Life Assurance Company increased its stake in Activision Blizzard Inc ( ATVI ) by 4.59% based on its latest 2017Q3 regulatory filing with the SEC. Shaker Financial Services Llc, which manages about $132.85 million and $188.78M US Long portfolio, decreased its stake in Nuveen Cr Strategies Incm Fd (JQC) by 54,186 shares to 114,212 shares, valued at $970,000 in 2017Q3, according to the filing.