Royal Bank of Scotland Group Plc has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.
Meb Keflezighi became the first American in 31 years to win the Boston Marathon, while defending champion Rita Jeptoo took the women’s race with a course record, one year after a pair of homemade bombs killed three and injured 264 at the event’s finish line.
Frederic Scheer employed 70 people making plastic resins from plant starches in suburban Los Angeles until he calculated in 2010 that he could save $600,000 a year by moving Cereplast Inc. to the middle of Indiana.
Pasi M. Hamalainen, a Finnish native who took early retirement as a managing director at Pacific Investment Management Co. to raise his son and race Bugattis before joining Capital Group Cos., has died. He was 46.
California is parched. The state’s worst drought in decades has left its reservoirs half-naked, if not skeletal. Officials say 17 communities could run out of drinking water this summer; some are considering mandatory rationing; and 500,000 acres in the state may be left fallow.
Herbalife Ltd.’s investigation by the U.S. Federal Trade Commission, a move hedge fund manager Bill Ackman had sought for more than a year, threatens to stem a stock rally that had boosted the shares by more than half.
Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, disclosed that the U.S. Federal Trade Commission has started a civil probe into its practices.