Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
WASHINGTON (Reuters) - From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.
'Toxic cocktail' brewing for U.S. asset managers: hedge fund investor Kass
(Reuters) - Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to feel disruption" and may be headed for large share price falls.
Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
SAO PAULO (Reuters) - U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters.
Your money: Cosigning a student loan? Be prepared to pay
(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.)
Philly refiner defers retirement fund payments to employees: letter
NEW YORK (Reuters) - Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to find its financial footing after emerging from bankruptcy less than a year ago.
Investors shun equities, pile into bonds in past week: BAML
LONDON (Reuters) - Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch's gauge of market sentiment, as they weigh the impact of trade tensions between the United States and China.
U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions
(Reuters) - Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by Refinitiv's Lipper research service on Thursday.
Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings
(Reuters) - Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.
Buffett's Berkshire unveils $861 million Amazon stake
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.
Your money: Should you pay to stop phone spam?
NEW YORK (Reuters) - If your phone log is anything like mine, the list of incoming scam calls makes it look like you work for the State Department: Sri Lanka, Lithuania, Russia, Bosnia, Benin, Croatia and Sierra Leone. And if you are anything like me, the thought that may cross your mind is: I would pay anything to make these calls stop.