Fidelity slashes fees on stock and ETF trades to $4.95
BOSTON (Reuters) - Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients.
Morgan Stanley gave some clients incorrect tax information
(Reuters) - Morgan Stanley gave some wealth management clients incorrect information on taxes that caused some to underpay and others to overpay, according to a regulatory filing on Monday.
Fidelity Investments to offer buyouts for older employees
BOSTON (Reuters) - Fidelity Investments plans to offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston-based fund firm at least 10 years, a company executive said on Monday.
Atlanta Fed raises U.S. first-quarter GDP growth view to 2.5 percent
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.5 percent annualized pace in the first quarter following the latest data on home sales released last week, the Atlanta Federal Reserve's GDP Now forecast model showed on Monday.
Americas arm of brokerage CLSA has shut down -spokeswoman
(Reuters) - The Americas unit of Hong Kong-based brokerage CLSA has shut down, a spokeswoman said on Monday, marking the closure of a small firm that counted prominent bank analyst Mike Mayo among its employees.
Icahn representative to several corporate boards has left firm, eyes starting own fund
(Reuters) - Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund.
Warren Buffett rails against fee-hungry Wall Street managers
NEW YORK (Reuters) - Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc
shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds.
Hedge funds find plenty of willing sellers in oil: Kemp
LONDON (Reuters) - For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position.
Buffett scorns tricky Wall Street accounting, but defends buybacks
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks.
Once struggling loans return on red-hot demand
NEW YORK (Reuters) - Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a little more to pay a dividend after struggling to sell the same buyout-related debt last year, illustrating growing demand for�US leveraged loans.