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20.10.2017

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival...
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20.10.2017

Column: With U.S. elder abuse in spotlight, a look at guardians

CHICAGO (Reuters) - Are unsuspecting seniors around the United States being scooped up without warning from their homes, placed in nursing homes and having their possessions taken away?
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20.10.2017

Third Point takes stake in Dover Corp, urges changes: letter

BOSTON (Reuters) - Billionaire investor Daniel Loeb's hedge fund Third Point LLC bought a stake in Dover Corp during the third quarter and is urging the industrial conglomerate to sell off its energy...
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19.10.2017

Fidelity retirement funds warm to Canada, cool to emerging markets

BOSTON (Reuters) - Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and U.S. government bonds.
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20.10.2017

U.S. fund investors regain risk appetite as Dow breaches 23,000

NEW YORK (Reuters) - U.S. fund investors regained an appetite for risk over the last week, rushing into U.S. and emerging-market stocks, according to data on Thursday from Lipper.
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20.10.2017

E*Trade to buy custody firm in growth push as profits remain dull

NEW YORK (Reuters) - E*Trade Financial Corp plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said...
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19.10.2017

LPC: JDA, Surgery Partners add flexibility for future without Libor

NEW YORK (Reuters) - Companies are preparing for a future without a crucial lending benchmark, adding language to their leveraged loan documents that allow them to choose an alternative rate,...
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19.10.2017

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if...
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19.10.2017

Kenneth Chenault to step down as AmEx CEO after nearly 17 years

(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by...
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18.10.2017

New ETF has robots pick investments

The AI Powered Equity Exchange-Traded Fund , which launched in the United States on Wednesday, will use IBM Corp's Watson artificial intelligence technology to pick several dozen stocks with...
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