spike

Aon, Willis Towers Watson make step to battle merger hurdles

spike 11 hours ago

“In order to reduce the risk of the complaints delaying or adversely affecting the transaction and to minimise the costs, risks, and uncertainties inherent in litigation, and without admitting any liability or wrongdoing, WTW and Aon have determined to voluntarily supplement the Definitive Proxy Statement by providing the additional information…”   

Those were the words of Aon Plc and Willis Towers Watson (WTW) when the merging brokerage giants issued a proxy supplement relating to their pending business combination. A new SEC (US Securities and Exchange Commission) filing by Aon cites five complaints, which were all filed in courts by purported WTW

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Singapore top banks DBS, OCBC, UOB to report second-quarter earnings

spike 16 hours ago

View of the Singapore Central Business District.

Suhaimi Abdullah | Getty Images News | Getty Images

Singapore’s top three banks are expected to report another quarter of lackluster financial results this week as ultra-low interest rates cap margins and the coronavirus pandemic continues to ravage the global economy.

The country’s largest bank, DBS Group Holdings, and its smaller rival United Overseas Bank are scheduled to release their second-quarter earnings report on Thursday. The last of the trio, Oversea-Chinese Banking Corp, is set to report results on Friday.

The financial report cards come as the Singapore economy entered a technical recession

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Square (SQ) earnings Q2 2020

spike 18 hours ago

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.

Anushree Fadnavis | Reuters

Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and strong growth in its consumer payments app.

The San Francisco-based company reported $1.92 billion in net revenue for the second quarter — a 64% jump year over year. Adjusted earnings per share came in at 18 cents, far better than the 5 cent loss analysts polled by Refinitiv had expected. Net loss was $11 million on a GAAP basis.

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Big tech’s record run in early innings

spike 20 hours ago

He hit No. 1 on Institutional Investor’s all-star analyst list for software 17 times in a row.

Now as an investment banker, Rick Sherlund is a tech power player who believes the group’s record run is in the early innings.

During Tuesday’s exclusive interview on CNBC”s “Trading Nation,” he delivered a bullish case for tech, emphasizing demand for cutting-edge software as the U.S. battles the fallout from the coronavirus pandemic.

“Software is not only eating the world, it’s leading the market higher,” said the Bank of America Merrill Lynch vice chairman of technology investment banking. “Covid has accelerated the momentum

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