Once golden, Robert Rubin’s hedge fund proteges lose some luster

Learning to invest on Goldman Sachs’ risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury...

Bitcoin wobbles as traders turn to other cryptocurrencies amid uncertain future

There are several causes for the recent volatility: Chinese regulators cracked down on bitcoin exchanges, while U.S. authorities rejected a proposal for a bitcoin-backed exchange-traded fund (ETF). The current concern is over the future of the bitcoin technology....

US Senate panel to question Trump son-in-law on Russians

President Donald Trump’s son-in-law, Jared Kushner, has volunteered to speak with the Senate Intelligence Committee but has not heard back yet, a White House official told Reuters. The committee is seeking to interview President Donald Trump’s son-in-law,...

American Airlines is looking to partner with the biggest airline in China

American Airlines is looking to become the second big carrier in the United States to buy its way into capturing more of the big and growing business of flying to China. China Southern, the biggest airline in China, the world’s most populous country, said on...

Here’s what small businesses want more than an Obamacare repeal

LaRonda Hunter, a business owner in Fort Worth, Tex., views the Affordable Care Act as a literal job killer. Fearful of triggering the law’s employer mandate, which requires businesses with 50 or more workers to offer health insurance or pay penalties, Ms....

Sealed Air to sell cleaning and chemicals systems division to Bain Capital for about $3.2 billion

Sealed Air said it would sell its cleaning and chemicals systems division, Diversey Care, and its food hygiene and cleaning business to Bain Capital Private Equity for about $3.2 billion, as it focuses on its higher-margin businesses. The food hygiene and cleaning...