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 shares are down 18 percent since then.
U.S. automobile recalls surpassed the 60 million mark for the first time in a single year, largely because of the rush to prevent more deaths from defective General Motors Co. ignition switches and Takata Corp. air bags.
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.