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New York court dismisses whistleblower’s libel suit against UBS

2 days ago DieselGasoil Comments Off on New York court dismisses whistleblower’s libel suit against UBS
FILE PHOTO: The logo of Swiss bank UBS at an office building in Zurich July 27, 2015. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at Read More

First net inflows into global equities in 10 weeks: BAML

2 days ago DieselGasoil Comments Off on First net inflows into global equities in 10 weeks: BAML
LONDON (Reuters) – Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets. The net inflow into equities totaled $900 million in the week Read More

D.E. Shaw’s top shareholder activist Koffey leaves hedge fund

3 days ago DieselGasoil Comments Off on D.E. Shaw’s top shareholder activist Koffey leaves hedge fund
(Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. The move is a setback for D.E. Shaw, which is seeking to emulate Elliott as Read More

Hedge fund manager David Tepper plans to send investors’ money back

3 days ago DieselGasoil Comments Off on Hedge fund manager David Tepper plans to send investors’ money back
BOSTON (Reuters) – Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said on Thursday. Appaloosa, which was founded by Tepper, has gained an average of 25% Read More

Why pessimism on Social Security could come back to bite millennials

3 days ago DieselGasoil Comments Off on Why pessimism on Social Security could come back to bite millennials
CHICAGO (Reuters) – Why does the word “old” come to mind for so many of us when the topic of Social Security comes up?   FILE PHOTO: A sign is seen on the entrance to a Social Security office in New York City, U.S., July 16, 2018. REUTERS/Brendan McDermid/File Photo     Retirement benefits are the Read More

Investors continue four-week retreat from U.S. stock market

4 days ago DieselGasoil Comments Off on Investors continue four-week retreat from U.S. stock market
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and Read More

Aston Martin falls 5% in its London IPO

4 days ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

SoftBank and Toyota want driverless cars to change the world

4 days ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass

5 days ago DieselGasoil Comments Off on ‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass
FILE PHOTO: Doug Kass, founder of hedge fund Seabreeze Partners Management Inc, sits at his desk at his home in Palm Beach, Florida April 30, 2013. REUTERS/Joe Skipper/File Photo (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 Read More

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

5 days ago DieselGasoil Comments Off on 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. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith     Comptroller of the Read More