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February 4, 2016 1:34 PM The Daily 202: Hillary Clinton makes her Wall Street problem worse

Hillary Clinton has struggled to effectively answer questions about her paid speeches on Wall Street and all the support she receives from big banks. During a previous debate, she invoked the terror attacks of Sept. 11, 2001, to argue she was just doing her job as a senator for New York. Last night, during a New Hampshire town hall broadcast on CNN, Anderson 62

February 4, 2016 11:04 AM Clinton blasts Wall Street, but still draws millions in contributions

Even as Hillary Clinton has stepped up her rhetorical assault on Wall Street, her campaign and allied super PACs have continued to rake in millions from the financial sector, a sign of her deep and lasting relationships with banking and investment titans. Through the end of December, donors at hedge funds, banks, insurance companies and other financial-services 19

February 4, 2016 12:19 AM Redstone seen resigning as Viacom chair after stepping down at CBS

NEW YORK/LOS ANGELES Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not apparent who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health 48

February 3, 2016 10:51 PM Sessa Capital sues Ashford Hospitality over director election

Activist investor Sessa Capital LP said it had sued real estate investment trust Ashford Hospitality Prime Inc over the provision of a large termination fee if shareholders elect a majority of directors not approved by the incumbent directors. The lawsuit alleges that Ashford Hospitality's directors breached their fiduciary duties by inserting a change-in-control 26

February 3, 2016 12:32 AM Marissa Mayer unveils make-or-break plan for Yahoo

The beleaguered CEO of the struggling Internet pioneer delivers a "bold" strategic plan. She is cutting jobs, selling patents and real estate, and inviting would-be acquirers to speak up. CEO Marissa Mayer has unveiled a plan to simplify the company. "Yahoo cannot win the hearts and minds of users with a complex portfolio," she says. Marissa Mayer is cleaning 32

February 2, 2016 11:26 PM Marissa Mayer Sets Yahoo on Streamlined Course

SAN FRANCISCO — Yahoo, facing investors’ demands for radical action, said on Tuesday that it would explore “strategic alternatives” including a sale of some assets, something it was resisting as recently as December. But Yahoo hopes it really will not come to that. The company also outlined a plan to “simplify” itself by shedding assets, cutting expenses 32

February 2, 2016 12:45 AM Alphabet, Google’s Parent Company, Grows Briskly to Close in on Apple

Wall Street got its first glimpse of the financial details of a new conglomerate called Alphabet on Monday. Investors liked what they saw so much that the outfit formerly known as Google is poised to become the world’s most valuable company. Despite spending $3.6 billion a year on projects like self-driving cars that don’t make much money, Alphabet’s 47

February 1, 2016 1:20 PM Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says

HONG KONG — A Chinese online finance company bilked investors for more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence, according to local authorities who described it as a massive Ponzi scheme. The accusations throw a shadow over China’s online finance industry, a lucrative area that has nurtured global leaders but that the authorities 41

February 1, 2016 12:24 PM EasyJet debut likely to be 500m seven-year for Tuesday

LONDON, Feb 1 (IFR) - An inaugural bond from British low-cost airline EasyJet could emerge as soon as Tuesday February 2, according to a source. Lead managers have received "strong feedback" following a roadshow last month, and the company's preference is for a 500m no-grow deal with a seven-year maturity. EasyJet was considering either a seven or eight-year 43

February 1, 2016 4:42 AM Brokerage firm RCS Capital files for bankruptcy

Jan 31 RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan, its key lenders will assume control of the company. The company listed total assets of $1.98 billion and debts of $1.39 billion, on a consolidated basis, in its bankruptcy filing. ( The case is in U.S. Bankruptcy 32