Exxon names Ubben, Angelakis to board amid investor pressure for change
(Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance.
Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields
(Reuters) - Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit.
Blackstone CEO Schwarzman took home $610.5 million in 2020
(Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.
Analysis: After Brazil ructions, a rethink for investors in emerging market state firms
LONDON (Reuters) - Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets.
Bank of America, JPMorgan give U.S. staff paid time off for COVID-19 vaccinations - memo
(Reuters) - The two largest U.S. banks, Bank of America Corp and JPMorgan Chase & Co, are giving employees paid time off when it is their turn for the COVID-19 vaccine, according to a memo seen by Reuters.
Leonardo files for DRS NYSE listing, to be completed by end-March
MILAN (Reuters) - Italy's Leonardo on Friday filed for the initial public offering (IPO) of its DRS unit on the New York Stock Exchange, the aerospace and defence group said, adding it aimed to complete the listing by the end of March.
Greensill Capital in trouble as Credit Suisse suspends funds
ZURICH/LONDON (Reuters) - Supply chain finance firm Greensill Capital could file for insolvency within days, the Wall Street Journal reported on Monday, after Credit Suisse earlier said it had suspended $10 billion of funds that backed the London-based company's lending operations.
Take Five: Policymakers under pressure
1/TANTRUMS WITHOUT TAPER
Tech and financials boost $46.2 billion flows into global equity funds: BofA
LONDON (Reuters) - Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.
U.S. equity funds attract $14.4 billion in week - Lipper
(Reuters) - U.S.-based stock funds in the week ended Wednesday posted inflows of $14.4 billion, according to Lipper.