Symantec Corp. is hiring JPMorgan Chase & Co. to explore its options and defend itself from activist shareholders, according to people with knowledge of the situation, as the security-technology company faces investor pressure to improve its business.
Symantec Corp., the biggest maker of antivirus software, advanced to the highest price since 2008 after reporting fiscal third-quarter sales and profit that beat estimates, aided by strong demand for data-management tools.
At 8 a.m. on Jan. 10, Takumi Shibata, chief operating officer of Nomura Holdings Inc., walked into the firm’s London boardroom overlooking the River Thames to try to salvage the 2008 acquisition of the European and Asian units of bankrupt Lehman Brothers Holdings Inc.
Nomura Holdings Inc., Japan’s biggest securities firm, will cut about 30 managers in its fixed income unit, three months after naming Steve Ashley global head of the division, a person briefed on the matter said.
Symantec Corp., the world’s biggest security-software maker, rose the most in three months after forecasting sales that topped analysts’ estimates as large businesses bought more antivirus and encryption tools.
Nomura Holdings Inc., Japan’s largest brokerage, will report an increase in quarterly profit as gains from trading outweighed declines in investment banking, two people with knowledge of the matter said.
Nomura Holdings Inc.’s quarterly net income rose 86 percent, beating analysts’ estimates, and Daiwa Securities Group Inc. returned to profit as gains from trading outweighed declines in investment banking.