Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 million Jan 20, 2017 04:18PM

By Olivia Oran

(Reuters) - Morgan Stanley (NYSE: MS) Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target.

Gorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email.

Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase... (continue reading...)

Trump picks FCC member Pai to lead agency: Bloomberg Jan 20, 2017 03:33PM

WASHINGTON (Reuters) - President Donald Trump will name Ajit Pai, a Republican member of the Federal Communications Commission, to lead the agency, Bloomberg News reported on Friday, citing a person familiar with the transition.

Pai has dissented from the decisions of Democrats on the FCC that supported net neutrality provisions that forbid internet service providers from blocking or slowing web traffic to some users.

(Reporting by Eric Walsh)

Maverick Capital eyes rebound on bets Trump may roil Wall Street Jan 20, 2017 03:26PM

By Svea Herbst-Bayliss

BOSTON (Reuters) - U.S. President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016.

Ainslie's $11 billion Maverick Capital missed out on a rally sparked by Trump's unexpected election in November and ended the year with double digit losses in its biggest funds, underperforming the broader... (continue reading...)

Trump admin targets violent Islamist groups as foreign policy priority Jan 20, 2017 02:51PM

By Yeganeh Torbati

WASHINGTON (Reuters) - The Trump administration will make defeating "radical Islamic terror groups" its top foreign policy goal, according to a statement posted on the White House website moments after Donald Trump's inauguration as U.S. president.

Trump, a Republican, used his inaugural address on Friday to promise to "unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the... (continue reading...)

Trump trade strategy starts with quitting Asia pact: White House Jan 20, 2017 02:45PM

By David Brunnstrom

WASHINGTON (Reuters) - The new U.S. administration of President Donald Trump said on Friday its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact.

A White House statement issued soon after Trump's inauguration said the United States would also "crack down on those nations that violate trade agreements and harm American workers in the process."

... (continue reading...)

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