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Reuters Money
Jun 21, 2018

Twenty U.S. states target protections for pre-existing health conditions
CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)

Reuters Money
Jun 21, 2018

The Ballmers are upping the game of giving away money
NEW YORK (Reuters) - The writer is a Reuters contributor. The opinions expressed are his own.

Reuters Money
Jun 21, 2018

Companies need older workers: here is why
CHICAGO (Reuters) - The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but...

Reuters Money
Jun 20, 2018

Investors poured $7.54 billion into equity ETFs after rocky G7 meeting: ICI
NEW YORK (Reuters) - Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $7.54 billion of net new cash in the week ended June 13, according...

Reuters Money
Jun 20, 2018

Hedge fund Tourbillon hires Berman as president
NEW YORK (Reuters) - Hedge fund Tourbillon Capital Partners, which has made headlines with negative returns lately, hired former hedge fund manager Ross Berman as its president and chief strategy...

Reuters Money
Jun 20, 2018

Post-MiFID II, most hedge funds make clients foot research bill
LONDON (Reuters) - The majority of hedge funds are passing on charges for investment research to investors under new European Union rules, despite years of poor average performance and as many large...

Reuters Money
Jun 19, 2018

Goldman Sachs to invest $500 million in women-run companies
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on...

Reuters Money
Jun 19, 2018

Goldman Sachs to invest $500 mln in women-run companies
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on...

Reuters Money
Jun 19, 2018

BofA's Merrill admits misleading customers, to pay $42 million SEC fine
WASHINGTON/NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine...

Reuters Money
Jun 19, 2018

Merrill Lynch to pay $42 million for misleading customers: SEC
WASHINGTON (Reuters) - Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said...

Reuters Money
Jun 19, 2018

Your Money: How to deal with the paperwork scramble after a spouse dies
NEW YORK (Reuters) - When you are grieving a departed spouse, the last thing you want to think about is changing the title to your car.

Reuters Money
Jun 19, 2018

New 'spider' ETF captures Facebook, AT&T in its web
NEW YORK (Reuters) - State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which...

Reuters Money
Jun 19, 2018

Wealth management startup SigFig secures $50 million round led by General Atlantic
NEW YORK (Reuters) - SigFig, a San Francisco-based startup that provides wealth management technology to financial companies, has raised $50 million from investors, it said on Tuesday.

Reuters Money
Jun 18, 2018

Wells Fargo mulls combining wealth management divisions
(Reuters) - Wells Fargo & Co said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units.

Reuters Money
Jun 18, 2018

Wells Fargo to restructure wealth management business: WSJ
(Reuters) - Wells Fargo & Co is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Reuters Money
Jun 15, 2018

Merrill Lynch reviewing ban on commissions-paying retirement accounts
NEW YORK (Reuters) - The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new...

Reuters Money
Jun 15, 2018

Wells Fargo receives final approval to settle $142 million lawsuit
(Reuters) - Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a...

Reuters Money
Jun 15, 2018

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML
LONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week...

Reuters Money
Jun 15, 2018

Italy court rules it cannot hear Morgan Stanley derivatives case
ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley that included a request for 2.7 billion euros ($3.1 billion) in...

Reuters Money
Jun 15, 2018

Wells Fargo settles retail sales lawsuit for $142 million
(Reuters) - Wells Fargo & Co said a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of...

Reuters Money
Jun 15, 2018

Italy court rules it cannot hear Morgan Stanley derivatives case: sources
ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case against Morgan Stanley and former senior Treasury officials that included a request for 2.7 billion euros ($3.1...

Reuters Money
Jun 14, 2018

Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps
BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire...

Reuters Money
Jun 14, 2018

U.S. fund investors pull nearly $10 billion from stocks in week: Lipper
NEW YORK (Reuters) - U.S. fund investors pulled $9.7 billion out of stocks during the latest week, marking the largest withdrawals since early April, according to Lipper data on Thursday.

Reuters Money
Jun 14, 2018

World's rich grow richer as bull markets roar on: study
ZURICH (Reuters) - Personal financial wealth swelled 12 percent last year to nearly $202 trillion, the strongest growth in five years as bull markets and the dollar's weakening against most major...

Reuters Money
Jun 13, 2018

In Natus proxy fight, Glass Lewis supports Voce nominees
BOSTON (Reuters) - Influential proxy-advisory firm Glass Lewis & Co recommended that Natus Medical Incorporated shareholders remove two company nominated directors and replace them with hedge fund...

Reuters Money
Jun 13, 2018

Brazil watchdog fines Morgan Stanley, Royal Bank of Canada for forex manipulation
BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates...

Reuters Money
Jun 13, 2018

Madoff customers' recovery tops 75 percent with Merkin settlement
NEW YORK (Reuters) - The court-appointed trustee liquidating Bernard Madoff's firm on Wednesday announced a $280 million settlement with one of the swindler's earliest investors, enabling customers...

Reuters Money
Jun 13, 2018

Investors make costly mistake if they ignore fees
CHICAGO (Reuters) - Individual investors could be throwing away as much as $7 billion a year on expensive index funds that are no better than cheaper funds - without even realizing it.

Reuters Money
Jun 13, 2018

U.S. Medicare expands offer to reverse late enrollment penalties
(The writer is a Reuters columnist. The opinions expressed are his own.)

Reuters Money
Jun 12, 2018

Gundlach says 'excellent time' to shift into emerging markets
NEW YORK (Reuters) - The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged...

Reuters Money
Jun 12, 2018

Morgan Stanley's fixed-income business has great potential: CEO
NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman said on Tuesday that in recent years the bank's fixed-income group has had the greatest opportunity for delivering growth.

Reuters Money
Jun 12, 2018

Morgan Stanley's 'most attractive business' is fixed income: CEO
NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman called the bank's fixed-income group its "most attractive business" on Tuesday at a conference the Wall Street firm held in...

Reuters Money
Jun 12, 2018

Wells Fargo workers push for more board access, so far in vain
(Reuters) - A labor-backed group is stepping up pressure on Wells Fargo & Co to add an employee to a council that has the ear of the bank's board and management, arguing workers deserve a voice as...

Reuters Money
Jun 12, 2018

As millennials age, more U.S. companies look ahead to Generation Z
NEW YORK (Reuters) - After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what's next.

Reuters Money
Jun 12, 2018

Investors pull $300 million from Bill Gross fund in May: Morningstar
NEW YORK (Reuters) - Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from...

Reuters Money
Jun 12, 2018

Your Money: Join the great chase for cheaper 'runcations'
NEW YORK (Reuters) - For some people, the ideal vacation involves a lounge chair, a stiff drink with an umbrella in it and a whole lot of nothing.

Reuters Money
Jun 11, 2018

Investors push for board seats to help wind down Ranger Direct fund
NEW YORK (Reuters) - Two large investors in Ranger Direct Lending Fund, Oaktree Capital Management and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end...

Reuters Money
Jun 11, 2018

Oaktree pushes for board seats to help wind down Ranger Direct fund
NEW YORK (Reuters) - Investor Oaktree Capital Management, the world's largest distressed debt asset manager, said in a letter to shareholders on Monday it would continue a push to elect its two board...

Reuters Money
Jun 08, 2018

Vanguard internal dividend up most since 1997-adviser
BOSTON (Reuters) - Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual...

Reuters Money
Jun 07, 2018

U.S. money market funds see biggest inflows in nearly five years: Lipper
NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years in the latest week, seizing an opportunity to reap richer yields while taking less risk,...

Reuters Money
Jun 07, 2018

U.S. money market funds collect most cash in nearly five years: Lipper
NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years, seizing an opportunity to get paid richer yields while taking little risk, Lipper said on...

Reuters Money
Jun 07, 2018

Federal Reserve to release stress test results on June 21 and June 28
WASHINGTON (Reuters) - The Federal Reserve announced on Thursday it would release the results of its 2018 stress tests for large banks on June 21 and June 28.

Reuters Money
Jun 07, 2018

Phony bank accounts not a 'systemic' issue: U.S. regulator
WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at...

Reuters Money
Jun 07, 2018

Bank of America raises planned Paris job moves before Brexit: sources
LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of...

Reuters Money
Jun 07, 2018

Some fund managers are avoiding Amazon as it leads U.S. market
NEW YORK (Reuters) - For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc .

Reuters Money
Jun 07, 2018

Julius Baer looks to fixed price system to bolster returns
ZURICH (Reuters) - Swiss private bank Julius Baer is shifting more customers to a pricing system that charges them a fixed fee for its services as part of a wider industry effort to buffer against...

Reuters Money
Jun 07, 2018

College pay-off seems elusive for many U.S. young people
CHICAGO (Reuters) - When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor's degree in biology eight years ago, he thought he would quickly get a job in a laboratory...

Reuters Money
Jun 06, 2018

Icahn buys small stake in drugmaker Allergan: sources
(Reuters) - Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the...

Reuters Money
Jun 06, 2018

Repeat after me: Social Security and Medicare are not insolvent
CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs' health, and doomsayers start talking about insolvency...

Reuters Money
Jun 06, 2018

Your Money: New insurance hacks cyber threats against the rich
NEW YORK (Reuters) - Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats.

Reuters Money
Jun 05, 2018

Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar
(Reuters) - Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability...

Reuters Money
Jun 05, 2018

OppenheimerFunds, Carlyle launch new private credit interval fund
NEW YORK (LPC) - OppenheimerFunds, the asset manager that oversees about US$249bn, has launched a private debt interval fund in partnership with US private equity firm Carlyle Group, to bring retail...

Reuters Money
Jun 05, 2018

U.S. hedge fund Hudson Bay to open London office: sources
LONDON (Reuters) - U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday.

Reuters Money
Jun 05, 2018

Employers help pay student loans to attract workers
NEW YORK (Reuters) - For public relations manager Maggie McCuen, having help from her job to repay student loans is not priceless - it is worth every tangible penny of the $1,416 her company has...

Reuters Money
Jun 04, 2018

SEC fines New York firm deVere $8 million over UK pension advice conflicts
NEW YORK (Reuters) - The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose...

Reuters Money
Jun 04, 2018

Pershing Square's Fraidin to join Cadwalader as M&A lawyer
BOSTON (Reuters) - Stephen Fraidin, a prominent mergers lawyer who has been a top executive at billionaire investor William Ackman's hedge fund, is joining law firm Cadwalader, Wickersham & Taft LLP.

Reuters Money
Jun 03, 2018

Insurer Lincoln National could see upside: Barron's
NEW YORK (Reuters) - U.S. insurer Lincoln National Corp could deliver shareholder returns of 20 percent or more in the coming year, as the market for the company's main product, variable annuities,...

Reuters Money
Jun 01, 2018

All the right notes: First jobs of famous musicians
NEW YORK (Reuters) - Without music, life would be a mistake, according to the German philosopher Friedrich Nietzsche.

Reuters Money
May 31, 2018

Why U.S. retirees are waiting longer to claim Social Security
CHICAGO (Reuters) - Fewer Americans are asking Social Security to "show me the money" as soon as possible.

Reuters Money
May 31, 2018

The rise of the apprentice: a European tradition comes to the U.S
NEW YORK (Reuters) - The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the long-running NBC...

Reuters Money
May 30, 2018

Italian imbroglio splits hedge funds on bank bets
LONDON (Reuters) - Hedge funds are split on how to position billions of dollars in bets they have taken on Italian banks as the country's political tumult takes its toll on bonds, shares and the euro.

Reuters Money
May 24, 2018

Ideology threatens to trump facts in official Medicare handbook
CHICAGO (Reuters) - In September, the federal government will mail a handbook on Medicare enrollment to 43 million households. "Medicare & You" is an important, authoritative source on a wide array...

Reuters Money
May 24, 2018

The next frontier in workplace wellness: financial health
NEW YORK (Reuters) - Study after study shows that money stress can be as bad for workplace productivity as back pain.

Reuters Money
May 23, 2018

Hedge fund Jana Partners has no shares in Casey's Stores: spokesman
BOSTON/NEW YORK (Reuters) - Jana Partners said on Wednesday it was not invested in Casey's General Stores Inc after speculation that the hedge fund had built a stake in the company helped push its...

Reuters Money
May 23, 2018

Norway's wealth fund voted against Shell climate target motion
OSLO (Reuters) - Norway's $1 trillion wealth fund voted against a motion at Shell's annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to...

Reuters Money
May 23, 2018

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source
FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.

Reuters Money
May 23, 2018

Deutsche Bank looks to cut 10,000 jobs to reduce costs: WSJ
FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.

Reuters Money
May 23, 2018

Daycare costs harder to afford than college for many
The nation's fertility rate hit a record low in 2017, and one has to wonder: Could the cost of raising children be discouraging a generation that was choked by the Great Recession?

Reuters Money
May 23, 2018

Deutsche Bank looking to cut 10,000 jobs: WSJ
FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.

Reuters Money
May 23, 2018

Deutsche Bank plans to exit from equities markets: Bloomberg
FRANKFURT (Reuters) - Deutsche Bank is planning to withdraw from a number of equities markets across the globe, Bloomberg News reported on Wednesday.

Reuters Money
May 23, 2018

Norway's wealth fund voted in favor of Shell CEO pay, against climate targets
OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to...

Reuters Money
May 21, 2018

Corvex, Icahn to mull bid for oil and gas producer Energen
BOSTON (Reuters) - Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp , according to a regulatory filing made on...

Reuters Money
May 21, 2018

Corvex and Icahn to mull making a bid for Energen
BOSTON (Reuters) - Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp. .

Reuters Money
May 18, 2018

U.S. bank stock gains may stall after two-year rally
(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.

Reuters Money
May 17, 2018

Hedge fund Pagoda Asset Management shutting after four years -source
BOSTON (Reuters) - Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source...

Reuters Money
May 17, 2018

Ackman says Pershing Square Holdings up 0.1 percent this year
BOSTON (Reuters) - Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square...

Reuters Money
May 17, 2018

Remedy for high drug costs: Let Medicare negotiate
CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)

Reuters Money
May 16, 2018

Parents inch closer to college saving goals, study says
NEW YORK (Reuters) - When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals - as long as they reduce the amount of money they save,...

Reuters Money
May 16, 2018

Cboe and BlackRock to launch corporate bond index futures
(Reuters) - Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world's largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures.

Reuters Money
May 14, 2018

Unmasked: Life lessons with actor Antonio Banderas
NEW YORK(Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

Reuters Money
May 12, 2018

Chemicals boss Ratcliffe tops Sunday Times Rich List
LONDON (Reuters) - Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145...

Reuters Money
May 12, 2018

BlackRock may keep fees despite executive's U.S. campaign donation: SEC
NEW YORK (Reuters) - BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich's U.S. presidential campaign, according to a...

Reuters Money
May 11, 2018

Sober in Sin City: Hedge funds focus on work at Las Vegas event
LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin...

Reuters Money
May 11, 2018

Fed to put Wells Fargo remediation plan to public board vote: letter
WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren,...

Reuters Money
May 10, 2018

U.S-based emerging market stock funds post largest outflows since 2016
NEW YORK (Reuters) - U.S. fund investors are wavering on one of their favorite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds.

Reuters Money
May 10, 2018

U.S. investors cash out of emerging market stock funds: Lipper
NEW YORK (Reuters) - U.S. fund investors walloped emerging market stock funds with $870 million in withdrawals, the most since November 2016, weekly data from Lipper showed on Thursday.

Reuters Money
May 10, 2018

Wells Fargo trims expected hit from regulatory cap on assets
BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast...

Reuters Money
May 10, 2018

Some U.S. fund managers finally convinced oil rally is for real
NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices - on track for their...

Reuters Money
May 10, 2018

Bank of America affirms gun pledge, hints at Remington loan exit
WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker...

Reuters Money
May 10, 2018

Tax cut helping turn U.S. small caps into unlikely source of safety
NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader...

Reuters Money
May 10, 2018

Entrepreneur 101: To nurture job growth, U.S. universities seed start-ups
NEW YORK (Reuters) - A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.

Reuters Money
May 10, 2018

Vermont can show Washington the way on senior housing policy
CHICAGO (Reuters) - Hey, Ben Carson - how about a field trip to Vermont?

Reuters Money
May 10, 2018

Australia's AMP feels shareholder wrath over misconduct
SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd faced an investor revolt at its annual meeting on Thursday, with shareholders voting overwhelmingly against its executive pay plans in the...

Reuters Money
May 09, 2018

Australia's AMP braces for shareholder revolt at frosty AGM
SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public...

Reuters Money
May 09, 2018

CalSTRS opts to engage assault weapon retailers, not immediate divestment
(Reuters) - The California State Teachers' Retirement System decided on Wednesday to publicly engage retailers of military-style assault weapons in the wake of public outcry over mass shootings, as...

Reuters Money
May 09, 2018

Australia's AMP to 'vigorously defend' class action lawsuits
(Reuters) - Top Australian wealth manager AMP Ltd said it will defend two class action lawsuits filed against it following damaging revelations from a government-ordered inquiry into the country's...

Reuters Money
May 09, 2018

Happy Mother's Day - paying the 'motherhood penalty'
CHICAGO - If mom arrives at this year's Mother's Day gathering looking like she needs less stress and more relaxation, resist the urge to tell her to leave her job.

Reuters Money
May 09, 2018

CalSTRS opts to engage with assault weapon retailers, not divest
(Reuters) - The California State Teachers' Retirement System decided on Wednesday not to divest from Walmart and other retailers that sell military-style assault weapons, resisting pressure from...

Reuters Money
May 09, 2018

Majority of Sturm Ruger investors vote for gun-safety report
(Reuters) - A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the...

Reuters Money
May 09, 2018

U.S. bond funds take in cash for eleventh straight week: ICI
NEW YORK (Reuters) - U.S. fund investors are shifting from stocks to bonds and piled into debt markets for an 11th straight week, Investment Company Institute (ICI) data showed on Wednesday.

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