The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots don't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
(Adds details, quotes, Muddy Waters comment)
Aug 15 (Reuters) - Burford Capital, the litigation funder embroiled in a stand-off with short-seller Muddy Waters, on Thursday replaced its chief financial officer after investors raised concerns about her marriage to the CEO.
Burford said Elizabeth O'Connell would be replaced by Jim Kilman, a former vice chairman of Morgan Stanley Investment Banking, with immediate effect, a search would begin for two new independent board directors and Chief Executive Christopher Bogart would join the board "in due course."
Kilman would "buttress confidence in Burford's financial disclosures" and guide the company as it explores a dual listing in the United States -- or a listing on London's blue-chip market if a transatlantic market debut is too challenging, Burford said.
"Mr. Kilman has agreed to serve for up to two years as CFO and the board, once reconstituted ..., will take up succession planning for the CFO role as a priority," Burford said.
The company's beleaguered stock, which plunged more than 50% after Muddy Waters issued a report last week challenging its accounts, pared further losses and climbed 12.42 percent to stand at 880.75 pence by 1540 GMT.
But Muddy Waters, founded by Carson Block -- an American who built up his reputation by alleging fraudulent activities at Chinese firms he targeted -- called the notion that Kilman would improve governance "a farce."
"It is clear from this that Burford is more interested in imposing fig leaves than real guard rails," the hedge fund said in a statement. "We note Mr. Kilman was Burford's principal investment banker at Morgan Stanley..."
"Burford investors would be much better served by a CFO from the outside..."
(Additional reporting by Simon Jessop; editing by David Evans)