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Investor activists will campaign against Sturm Ruger directors

2 weeks ago DieselGasoil Comments Off on Investor activists will campaign against Sturm Ruger directors
BOSTON (Reuters) – Investor activists said on Monday they will campaign to unseat two directors at gunmaker Sturm Ruger & Co, citing what they called its resistance to their concerns after shareholders won a battle over safety at last year’s annual meeting. FILE PHOTO: Worker Marilyn MacKay assembles a rifle at the Sturm, Ruger & Read More

ETFs that don’t disclose holdings daily set for SEC nod

2 weeks ago DieselGasoil Comments Off on ETFs that don’t disclose holdings daily set for SEC nod
NEW YORK (Reuters) – Market regulators are poised to approve trading of a new kind of product that could bring more stockpickers to U.S. exchange-traded funds, according to a filing on Monday. The U.S. Securities and Exchange Commission’s conditional approval would allow Precidian Investments to license a new type of actively managed exchange-traded fund (ETF) Read More

U.S. non-transparent ETF proposal set to get SEC nod

2 weeks ago DieselGasoil Comments Off on U.S. non-transparent ETF proposal set to get SEC nod
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said in a filing on Monday it plans to approve Precidian Investments’ non-transparent exchange-traded fund (ETF) proposal. The conditional approval would allow a new type of actively managed exchange traded fund that, like traditional active mutual funds, will not be required to disclose its holdings Read More

Shareholder advisers urge investor protest over Credit Suisse pay

2 weeks ago DieselGasoil Comments Off on Shareholder advisers urge investor protest over Credit Suisse pay
ZURICH (Reuters) – Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance. CEO Tidjane Thiam of Swiss bank Credit Suisse awaits the company’s annual news conference in Zurich, Switzerland February 14, 2019. REUTERS/Arnd Wiegmann Read More

Shareholder advisers urge investor protest over Credit Suisse CEO’s pay

2 weeks ago DieselGasoil Comments Off on Shareholder advisers urge investor protest over Credit Suisse CEO’s pay
ZURICH (Reuters) – Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance. CEO Tidjane Thiam of Swiss bank Credit Suisse awaits the company’s annual news conference in Zurich, Switzerland February 14, 2019. REUTERS/Arnd Wiegmann Read More

Credit Suisse under fire from proxy advisers for CEO bonus

2 weeks ago DieselGasoil Comments Off on Credit Suisse under fire from proxy advisers for CEO bonus
CEO Tidjane Thiam of Swiss bank Credit Suisse awaits the company’s annual news conference in Zurich, Switzerland February 14, 2019. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Credit Suisse’s shareholders should vote against the bank’s compensation report at the April 26 annual general meeting, proxy adviser Glass Lewis said, citing an “unjustified CEO bonus increase” for Chief Read More

Starboard drops Dollar Tree board challenge

3 weeks ago DieselGasoil Comments Off on Starboard drops Dollar Tree board challenge
(Reuters) – Activist investor Starboard Value LP said on Friday it was withdrawing its nominations for directors at Dollar Tree Inc’s board, saying that it was pleased with the company’s decision to test multiple price points at its stores. Starboard in January pushed for changes at the discount chain, seeking to capitalize on criticism from Read More

Beginning of the end: BAML sees S&P500 rally topping out in second quarter

3 weeks ago DieselGasoil Comments Off on Beginning of the end: BAML sees S&P500 rally topping out in second quarter
LONDON (Reuters) – The U.S. benchmark S&P 500 stock index will scale new peaks above 3,000 in the second quarter before topping out, Bank of America Merrill Lynch (BAML) said on Friday as data showed more cash was pulled from global equities this week. A Wall Street sign is seen in Lower Manhattan in New Read More

Huge inflows to U.S. high-yield bond, investment-grade debt funds

3 weeks ago DieselGasoil Comments Off on Huge inflows to U.S. high-yield bond, investment-grade debt funds
(Reuters) – Investors’ appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group’s fourth consecutive week of inflows, according to Refinitiv’s Lipper research service data. Additionally, U.S.-based investment-grade corporate bond funds attracted over $2.9 billion in the Read More

Huge inflows in U.S. high-yield bond, investment-grade debt funds

3 weeks ago DieselGasoil Comments Off on Huge inflows in U.S. high-yield bond, investment-grade debt funds
(Reuters) – Investors’ appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group’s fourth consecutive week of inflows, according to Lipper data. Additionally, U.S.-based investment-grade corporate bond funds attracted over $2.9 billion in the period, extending their Read More