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Deutsche Bank lawyer found dead by suicide in New York

A man walks past Deutsche Bank offices in LondonBERLIN (Reuters) - A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday. Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police. Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death. ...


Deutsche Bank lawyer found dead in New York

A man walks past Deutsche Bank offices in LondonA senior Deutsche Bank DBKGn.DE regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday. Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police. Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death. He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets.


Kenya's East African Portland Cement full-year earnings drop

NAIROBI (Reuters) - Kenya's East African Portland Cement posted a net loss of 386 million shillings ($4.32 million) for the year ended June 30, saying it had been hurt by price competition, high staff costs and the weakening shilling. A year ago, Kenya's No. 3 cement producer posted a net profit of 1.7 billion shillings The company will not pay a dividend this year, it said in its results, posted late on Friday. Earnings per share tumbled to -4.30 shillings, compared to 19.73 shillings a years ago. ...

S&P downgrades Ghana one notch over high fiscal deficit

A view shows the Standard & Poor's building in New York's financial districtBy Matthew Mpoke Bigg ACCRA (Reuters) - Standard & Poor's downgraded Ghana's sovereign rating by one notch on Friday citing concerns about the cost of financing the country's high fiscal deficit and doubts about whether the government can reduce it quickly enough. The decision to lower the rating to "B-" with a stable outlook from "B" with a negative outlook appears to contradict government comments about the impact of a possible deal with the International Monetary Fund to stabilise the economy. ...


Stock market's big seesaw gives investors pause

FILE - In this Wednesday, Oct. 22, 2014, file photo, a specialist works at his post on the floor of the New York Stock Exchange. The market's flux over the past week has given investors pause for thought. (AP Photo/Richard Drew, File)NEW YORK (AP) ? Sometimes a little fear is healthy for stock investors.


Markets Weekahead - Earnings, global events key as sentiment improves

A broker monitors share prices while trading at a brokerage firm in MumbaiReuters Market Eye - A slew of blue-chip earnings, including Maruti Suzuki and ICICI Bank to set tone. Overall sentiment seen supported by hopes of further reforms. Movements in Brent crude, which is at a four-year low, will also be watched closely. Foreign fund flows will determine sentiment for debt and forex markets. 10-year benchmark bond seen in 8.35-8.45 range, traders say. Rupee may trade between 60.75 and 61.50, traders say. KEY FACTORS/EVENTS TO WATCH Mon: Hindustan Unilever , Bharti Infratel earnings Tue: ING Vysya Bank , Nestle India , Ranbaxy Laboratories earnings. ...


Look to energy names for global demand clues

A Wall Street sign is pictured in the rain outside the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit. The third-quarter earnings picture for energy looks grim. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. Energy shares dropped 9. ...


Ralph Nader urges Apple to reduce buybacks, improve wages - WSJ

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in SydneyConsumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. The five-time presidential candidate wrote in a letter published by the paper that poverty wages and harmful conditions are "a consequence of tolerating outrageous stock buybacks." (http://on.wsj.com/ZQgyyy) "'Designed by Apple in California' has a nicer ring to it than 'assembled by workers paid about a dollar per hour, working 11-hour shifts, and sleeping eight to a room in the Jabil Circuit corporate dormitories in Wuxi, China'," wrote Nader in the letter dated Oct. 23. Apple is one of the top customers of contract electronics maker Jabil JBL.N.


 
 
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