The hedge fund Meredith Whitney started last year after she became one of Wall Street’s best-known analysts is in turmoil. Her biggest investor demanded his money back and two executives left in the past month, according to a person with knowledge of her firm.
Allot Communications Ltd. is proving to be one of the biggest losers from President Barack Obama’s decision last month to squelch proposals for an Internet fast lane. The technology company’s U.S. shares are down 18 percent since then.
Transfield Services Ltd. rejected an improved A$1 billion ($830 million) offer from Spanish infrastructure company Ferrovial SA, saying it continues to undervalue the Australian contracting and services firm.
MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution by a council of regulators and said it will consider whether to sue the government over the decision.