(Reuters) – Morgan Stanley (N:) will receive a $375 million breakup fee if E*Trade Financial Corp (O:) walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday. On Thursday, Morgan Stanley entered into a deal to buy E*Trade, the biggest acquisition by aRead More →
© Reuters. Opioid distributors propose $1 billion legal fee fund – Bloomberg (Reuters) – McKesson Corp (N:), Cardinal Health Inc (N:) and AmerisourceBergen Corp (N:) have proposed paying more than $1 billion in legal fees for states, cities and counties suing over the companies’ handling of opioids, Bloomberg reported onRead More →
Chase JPM, -1.00% is increasing the annual fee on its popular Sapphire Reserve card, intensifying the ongoing competition with American Express’ Platinum card. Starting later this month, people who sign up for the Sapphire Reserve credit card will be charged an annual fee of $550, which is $100 higher thanRead More →
© Reuters. The logo for the NYSE is displayed on the trading floor in New York By John McCrank NEW YORK (Reuters) – The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to testRead More →
© Reuters. Jeff Vinik offers fee cuts to help bring in cash for new fund By Svea Herbst-Bayliss NEW YORK (Reuters) – Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, asRead More →
