Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

17 October 2019 @ 11:37 am The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
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Your Money: Charitable granting soars even as tax changes transform giving

16 October 2019 @ 11:13 pm Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in...
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Fidelity criticizes money manager Fisher, who loses Philadelphia as client

16 October 2019 @ 2:36 am Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly...
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Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

15 October 2019 @ 10:46 pm Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...
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Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

15 October 2019 @ 5:45 pm Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth...
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Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

12 October 2019 @ 4:12 am The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's...
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Italy's Del Vecchio calls on Mediobanca to grow through M&A

11 October 2019 @ 2:28 pm Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.
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Brexit extension, election still most likely, says UBS

11 October 2019 @ 2:27 pm UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged...
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Elliott ranks as busiest activist hedge fund in third quarter, again

11 October 2019 @ 2:25 pm Elliott Management, Paul Singer's $35 billion hedge fund, kept up its blistering pace of pushing for corporate changes during the third quarter, outspending all rivals with campaigns at AT&T and...
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Fidelity follows rivals in cutting online trading commissions to zero

10 October 2019 @ 5:43 pm Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with...
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Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

17 October 2019 @ 11:37 am The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
Read More

Your Money: Charitable granting soars even as tax changes transform giving

16 October 2019 @ 11:13 pm Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in...
Read More

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

16 October 2019 @ 2:36 am Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly...
Read More

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

15 October 2019 @ 10:46 pm Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...
Read More

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

15 October 2019 @ 5:45 pm Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth...
Read More

Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

12 October 2019 @ 4:12 am The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's...
Read More

Italy's Del Vecchio calls on Mediobanca to grow through M&A

11 October 2019 @ 2:28 pm Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.
Read More

Brexit extension, election still most likely, says UBS

11 October 2019 @ 2:27 pm UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged...
Read More

Elliott ranks as busiest activist hedge fund in third quarter, again

11 October 2019 @ 2:25 pm Elliott Management, Paul Singer's $35 billion hedge fund, kept up its blistering pace of pushing for corporate changes during the third quarter, outspending all rivals with campaigns at AT&T and...
Read More

Fidelity follows rivals in cutting online trading commissions to zero

10 October 2019 @ 5:43 pm Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with...
Read More

Dave & Buster's replaces Impossible burgers with new plant-based product

17 October 2019 @ 12:23 pm Dave & Buster's Entertainment Inc has replaced Impossible Foods' plant-based burgers with smaller rival Lightlife's burgers across its U.S and Canada outlets, the restaurant chain said on Thursday.
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Morgan Stanley profit beats as bond trading surges; shares jump 4%

17 October 2019 @ 12:16 pm Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading.
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Stock market tunes in to Netflix after subscriber bounce

17 October 2019 @ 12:11 pm Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead.
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Norwegian Air, JetBlue tie up to make transatlantic bookings simpler

17 October 2019 @ 12:06 pm Passengers with Norwegian Air and New York's JetBlue Airways will be able to fly between Europe and the United States and make connecting flights on a single booking, under a planned partnership.
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Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer

17 October 2019 @ 11:59 am Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season.
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Unilever suffers dip in emerging markets sales growth

17 October 2019 @ 11:40 am A slowdown in India and China put a brake on Unilever's quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant's business in emerging markets.
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Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

17 October 2019 @ 11:37 am The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.
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Nestle revamps waters business as organic growth slows

17 October 2019 @ 11:36 am Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next three years and reorganize its struggling waters business after organic sales growth slowed in the third quarter.
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Ericsson earnings top forecast as 5G takes off

17 October 2019 @ 11:35 am Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected.
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European markets roar approval at new Brexit deal

17 October 2019 @ 11:27 am Confirmation of a new Brexit deal lit a fire under Europe's financial markets on Thursday, sending sterling to a five-month high, European stocks to a year-and-a-half peak and causing safe-haven assets to plummet.
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