Your Money: Charitable granting soars even as tax changes transform giving
NEW YORK (Reuters) - 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 previous years.
Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion
BOSTON (Reuters) - 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.
Fidelity criticizes money manager Fisher, who loses Philadelphia as client
BOSTON (Reuters) - 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 made disparaging remarks about women last week.
Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed
(Reuters) - 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 the Fed on Tuesday.
Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup
(Reuters) - 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 of shareholder value.
Italy's Del Vecchio calls on Mediobanca to grow through M&A
MILAN (Reuters) - 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.
Brexit extension, election still most likely, says UBS
LONDON (Reuters) - 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 that chances of a Brexit deal have increased.
Elliott ranks as busiest activist hedge fund in third quarter, again
BOSTON (Reuters) - 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 Marathon Petroleum Corp , data released on Friday showed.
Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes
(Reuters) - Wells Fargo & Co
is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters.
Fidelity follows rivals in cutting online trading commissions to zero
(Reuters) - 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 new entrants in the market.