Bank of Montreal Can reduced its stake in shares of 8 8 Inc by 46.3% during the third quarter, Holdings Channel reports. The institutional investor owned 355,631 shares of the company’s stock after selling 306,314 shares during the period.
Category: Investment Services
Who Owns Blockchain? Goldman, BofA Amass Patents for Coming Wars
In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else. Recently, some of the biggest names in business, from Goldman Sachs to Bank of America and Mastercard, have quietly patented some of the most promising blockchain technologies for themselves.
Japan’s SoftBank to invest $1 billion in OneWeb sat factory
Japanese telecoms and energy company SoftBank has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which plans to build a factory in Florida that the companies say could create 3,000 jobs. The two companies announced late Monday that OneWeb had obtained pledges of $1.2 billion from SoftBank and other investors.
BlackRock Cuts Fees on ETFs as Price War Moves to Smart Beta
BlackRock Inc., the world’s largest asset manager, is cutting expenses on six smart beta exchange-traded funds as competition heats up to win investors in a growing market. BlackRock is lowering fees for the ETFs by as much as 20 basis points, according to Securities and Exchange Commission filings.
Oil Rises as Output Cuts Seen Curbing Glut, Dollar Rally Stalled
Oil rose for the first time in three days after the dollar’s advance stalled and attention shifted back to projected production cuts. Futures rose 2 percent in New York.
Goldman Sachs has named a tatted-up former tech exec to a key role
There has been a shake-up in the ranks at Goldman Sachs, and a tatted-up former tech exec has been handed a key role. The US bank named David Solomon and Harvey Schwartz as co-chief operating officers for the bank, replacing longtime COO Gary Cohn , according to an announcement on Wednesday .
Trump deepens Goldman ties as he builds out economic team
Trump is expected to pick Cohn to lead the White H… Early plans call for American hero-astronaut John Glenn to lie in state in Ohio’s capitol building preceding a celebration of his life of military and government service and two history-making voyages into space. American hero-astronaut John Glenn will lie in state in Ohio’s capitol building preceding a celebration of his life of military and government service and two history-making voyages into space.