Five Ex-Barclays Traders Plead Not Guilty to Libor Manipulation (Bloomberg)
Jonathan Mathew, Stylianos Contogoulas, Ryan Reich, Alex Pabon and Jay Merchant denied the charges on Monday morning. The jury is being chosen for a trial scheduled to start this week and to last for four months.
Goldman Says Sell Asia Currencies After Best Rally Since '08 (Bloomberg)
The currencies will resume declines as further easing in China and Japan is likely to push the yuan and yen to their weakest levels since at least 2008, says Kamakshya Trivedi, a strategist at the bank who correctly predicted in November that emerging markets would recover in 2016.
From Silicon Valley to Main St, firms say SunEdison owes money (Reuters)
Businesses ranging from Silicon Valley venture capitalists to a small Massachusetts solar installer say they are owed money by SunEdison Inc, underscoring the breadth of a breakneck expansion seen contributing to the solar and wind energy company's financial woes. Two dozen legal claims have been made since the beginning of the year against SunEdison (SUNE.N) and its executives, mainly from shareholders who claim the company misled them about its financial position, a review of cases on Westlaw showed.
Motorcycle officer chases chihuahua across San Francisco's Bay Bridge (UPI)
The California Highway Patrol shared video of a "high speed" chase on San Francisco's Bay Bridge involving a motorcycle officer and a runaway chihuahua. The CHP's San Francisco office tweeted a video Sunday showing the motorcycle officer with his lights on chasing down the black chihuahua on the emptied bridge. "High speed pursuit of [dog emoji] this morning on the #BayBridge! Suspect taken into custody. All are safe! #onlyinSF" the CHP tweeted. Police said the dog was captured after an officer used his jacket to distract the canine.
Fed’s Kashkari Seeks Solutions for ‘Too Big to Fail’ (WSJ)
Federal Reserve Bank of Minneapolis President Neel Kashkari said Monday that he wants to start a national conversation that could look at bold options for ending “too big to fail” once and for all at a conference he organized exploring whether the country’s biggest banks should be broken up to prevent future bailouts.
Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue (Bloomberg)
Outlining his vision in a five-hour interview with Bloomberg News last week, Deputy Crown Prince Mohammed bin Salman said the measures would raise at least an extra $100 billion a year by 2020, more than tripling non-oil income and balancing the budget.
Slack Funding Gives the Messaging Startup a $3.8 Billion Valuation (Bloomberg)
Slack Technologies Inc., the corporate messaging startup, said it raised $200 million in its latest financing round. The new funds give the company a valuation of $3.8 billion, Slack said in an e-mail. The investment brings Slack’s total funding to $540 million, according to the company. Slack, which introduced its business chat software in 2013, has continued to raise venture capital at a breakneck pace, even as the funding environment has cooled in recent months.
'Pizza squirrel' scales Michigan tree with a full slice (UPI)
A hungry squirrel in Michigan was caught on camera taking a cue from a famous New York subway rat by taking a slice of pizza and carrying it up a tree. The video posted to YouTube by Chris Weeden shows the squirrel dragging a slice of pizza on the ground near a tree while the people filming from inside a nearby building provide commentary. The people sound surprised as the squirrel is able to climb the tree while holding the slice of pizza and makes it to a high branch. The squirrel evoked memories of New York's famous "Pizza Rat," which was recorded carrying a slice of pizza up a flight of stairs in a subway station.