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PersonalFinance reuters.com

An update on winners and losers on the U.S. tax scorecard

NEW YORK (Reuters) - In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there were too many moving parts for most Americans to know how it would affect...

PersonalFinance reuters.com

'Tiger Cub' Griffin shuts his Blue Ridge hedge fund after 21 years

BOSTON (Reuters) - John Griffin is shutting his $6 billion Blue Ridge Capital hedge fund after more than two decades, becoming the latest high profile investor to liquidate his business as industry...

healthNews reuters.com

Ebola victims sue Sierra Leone government over mismanaged funds

FREETOWN (Reuters) - Two Ebola survivors in Sierra Leone filed a lawsuit in a regional court on Friday, accusing the government of mismanaging funds during an epidemic that killed more than 3,000 people in the West African nation.

PersonalFinance reuters.com

Votorantim Energia, Canada pension board form JV to invest in power

(Reuters) - Canada Pension Plan Investment Board (CPPIB) and Brazil's Votorantim Group's energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in...

PersonalFinance reuters.com

Investors pull most money in 2017 from U.S. stock funds: Lipper

NEW YORK (Reuters) - Investors pulled $16.2 billion from U.S.-based equity funds during the latest week, according to Lipper, marking the largest withdrawals since December 2016.

businessNews reuters.com

Wall St falls as investors fret about tax bill passage

NEW YORK (Reuters) - Major U.S. stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data.

businessNews reuters.com

Wall Street falls as investors fret about tax bill passage

(Reuters) - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul, offseting their optimism over strong retail sales data.

PersonalFinance reuters.com

Exclusive: Guggenheim Partners working to quell investor concern about management

NEW YORK (Reuters) - Top executives at asset manager and investment bank Guggenheim Partners LLC are working to quell clients' concerns about the fate of their chief executive officer and about an...

PersonalFinance reuters.com

Column: New U.S. state retirement plans are welcome, but why so expensive?

CHICAGO (Reuters) - Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for retirement if they do not already have a workplace 401(k).

businessNews reuters.com

Investors call on Sanderson, Denny's, McDonald's to cut antibiotics

(Reuters) - An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald's Corp, Denny's Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.

companyNews reuters.com

UPDATE 1-Banks drag European shares down as investors await Draghi

* Wind turbine makers boosted by U.S. tax development (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

companyNews reuters.com

Banks drag European shares down as investors eye BoE, ECB meetings

LONDON, Dec 14 (Reuters) - Weakness in bank stocks dragged European shares to a downbeat open on Thursday as financial sectors caught the cold from U.S. and Asian trading which suffered from a less hawkish than expected tone from the U.S. Federal Reserve.

PersonalFinance reuters.com

Vivienne Tam scales fashion peaks with China Chic

NEW YORK (Reuters) - Some of us are fortunate to find a calling in life early on, and for Vivienne Tam it was literally by design.

companyNews reuters.com

BRIEF-Boulevard Acquisition Says Institutional Investors Agreed To Private Placement Of New Estre Shares For About $130 Mln

* BOULEVARD ACQUISITION CORP. II AND ESTRE AMBIENTAL S.A. TRANSACTION UPDATE

Net Neutrality nytimes.com

Ajit Pai Nears His Biggest Win With Net Neutrality Repeal

Erasing the Obama-era internet rules on Thursday would help secure Mr. Pai’s reputation as one of the most efficient F.C.C. leaders in decades.

domesticNews reuters.com

Ex-New York town official sentenced to two-and-half years for bond fraud

NEW YORK (Reuters) - A former elected official of a New York City suburb was sentenced to 2-1/2 years in prison on Wednesday following his conviction in what U.S. prosecutors have called the first criminal securities fraud case brought over municipal bonds.

PersonalFinance reuters.com

Use balance transfers to start 2018 with path to pay off debt

NEW YORK (Reuters) - When the U.S. Federal Reserve raises interest rates, as it did on Wednesday by a quarter-percentage point, the first pinch consumers usually feel is higher interest rates on...

companyNews reuters.com

BRIEF-General American Investors Announces Actions Taken By Board

* GENERAL AMERICAN INVESTORS COMPANY ANNOUNCES ACTIONS TAKEN BY THE BOARD OF DIRECTORS

PersonalFinance reuters.com

Activist investor Primestone urges Tennant to merge with Nilfisk

COPENHAGEN/LONDON (Reuters) - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority...

companyNews reuters.com

U.S. stock funds attract most cash in 7 weeks -ICI

NEW YORK, Dec 13 (Reuters) - U.S. fund investors dashed into domestic stocks, pouring the most cash in seven weeks into the market, according to Investment Company Institute (ICI) data on Wednesday. The funds collected $6 billion in the seven days through Dec. 6, according to the trade group, as the market is poised to close 2017 with another strong year of gains under its belt. "We're in literally the longest amount of days since a 5 percent drawdown in 25 years," said Gary Droz, ma

PersonalFinance reuters.com

DoubleLine's Gundlach says investors should add commodities in portfolios: CNBC

NEW YORK (Reuters) - DoubleLine CEO Jeffrey Gundlach said on Wednesday that his best investment idea for the new year is commodities, against the backdrop of increasing global economic activity and...

politicsNews reuters.com

U.S. House to stop using public funds for harassment settlements: speaker

WASHINGTON (Reuters) - The top Republican in the U.S. House of Representatives said on Wednesday that Congress was working on a package of reforms that would prohibit using taxpayer money for settlements in sexual harassment claims lodged against lawmakers' offices.

PersonalFinance reuters.com

Grad students plead for mercy from U.S. tax overhaul

CHICAGO (Reuters) - Graduate student Mollie Marr is worried that the U.S. tax overhaul working its way through Congress will force her and many other fellow students to give up on their educations.

companyNews reuters.com

PDVSA bonds initially valued at 19.25 cents at CDS auction

NEW YORK, Dec 13 (IFR) - Bonds of Venezuela's PDVSA were valued at 19.25 cents on the dollar in the first stage of an auction Wednesday to determine the payout on credit default swaps tied to the state-owned oil company.

companyNews reuters.com

UPDATE 3-Italian bonds, bank stocks hit as prospect of March election reignites political uncertainty

* Broader markets await Fed rate decision (Adds stocks market reaction, quotes)

politicsNews reuters.com

Congress to stop using public funds for harassment settlements: U.S. speaker

WASHINGTON (Reuters) - U.S. House Republican Speaker Paul Ryan said on Wednesday that Congress would stop using taxpayer money for settlements in sexual harassment claims lodged against lawmakers' offices.

companyNews reuters.com

UPDATE 2-European stock, bond futures open on Eurex after delay

LONDON, Dec 13 (Reuters) - The start of trading in government bond and stock market futures on the derivatives and futures exchange Eurex was delayed by around 50 minutes on Wednesday after the platform suffered "serious issues".

companyNews reuters.com

Behind bitcoin boom, Japanese retail investors pile in

* Japanese traders said to account for up to half of bitcoin trade

companyNews reuters.com

Brazil's Oi files new restructuring plan allowing takeover by bondholders

SAO PAULO, Dec 12 (Reuters) - Brazilian telecommunications company Oi SA filed late on Tuesday a new restructuring plan with the Rio de Janeiro court sweetening the terms for bondholders and government credits in a push to get approval in a key creditors meeting on Dec. 19.

PersonalFinance reuters.com

Public pension funded ratio up in third quarter 2017: report

NEW YORK (Reuters) - The funded status of 100 of the largest U.S. public pension plans grew by $36 billion in third quarter of 2017, boosted by strong equity returns, according to a report released...

PersonalFinance reuters.com

Desjardins, credit union centrals, Cumis to form Aviso Wealth

(Reuters) - Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in...

PersonalFinance reuters.com

Vanguard looks to blockchain for index data

BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new...

businessNews reuters.com

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.

businessNews reuters.com

Sanofi investors hungry for drug progress and deal news

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.

companyNews reuters.com

UPDATE 1-Seadrill bondholders propose alternative debt restructuring -sources

OSLO, Dec 12 (Reuters) - An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.

United States Economy nytimes.com

Economic Scene: Tax Plan’s Biggest Cuts Could Be in Living Standards

Cutting taxes is mostly an exercise in slicing the economic pie a different way, not making it bigger, with gains for a few offset by losses for many.

companyNews reuters.com

Seadrill bondholders propose alternative debt restructuring -sources

OSLO, Dec 12 (Reuters) - An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.

environmentNews reuters.com

Big investors press major companies to step up climate action

OSLO (Reuters) - More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world's biggest corporate greenhouse gas emitters to combat climate change.

PersonalFinance reuters.com

The write stuff: Life lessons from author James Patterson

NEW YORK (Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

PersonalFinance reuters.com

Fidelity keeps $2 billion mandate in New York after star manager's departure

BOSTON (Reuters) - A large New York state retirement plan said on Monday it would keep a popular Fidelity tech fund, whose portfolio manager recently left the company after being accused of sexual...

PersonalFinance reuters.com

Marcato says Deckers' rejected offer to settle proxy contest

BOSTON (Reuters) - After months of turning up the heat on Deckers Outdoor Corp, hedge fund Marcato Capital Management recently proposed a settlement that the UGG boot maker rejected, a filing...

PersonalFinance reuters.com

Fidelity fund keeps $2 billion mandate in New York after manager's departure

BOSTON (Reuters) - A popular Fidelity Investments tech fund, whose manager left the company after being accused of sexual harassment, has retained a mandate to manage more than $2 billion for a New...

PersonalFinance reuters.com

Marcato sets condition for Deckers interviewing its nominees

(Reuters) - Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement...

PersonalFinance reuters.com

U.S. fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.

companyNews reuters.com

BRIEF-Capital World Investors Reports A 13.8 Percent Passive Stake In Neovasc Inc

* CAPITAL WORLD INVESTORS REPORTS A 13.8 PERCENT PASSIVE STAKE IN NEOVASC INC AS OF NOVEMBER 30, 2017 - SEC FILING Source text : [http://bit.ly/2kZxgLY] Further company coverage:

PersonalFinance reuters.com

Two fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts...

environmentNews reuters.com

India government favors petcoke import ban, U.S. would be biggest loser

NEW DELHI (Reuters) - India's government is in favor of banning imports of petroleum coke on environmental grounds, according to a government affidavit filed with the country's top court, which could be a big blow to U.S. refiners who export heavily to the country.

healthNews reuters.com

U.S. House committee 'may reconsider' WHO cancer agency funds

LONDON (Reuters) - U.S. congressional committee members warned on Friday that Washington's funding of the World Health Organization's cancer research agency could be halted unless it is more open about its operations.

companyNews reuters.com

BRIEF-Capital Research Global Investors Reports 12.6 Pct Passive Stake In Bandwidth Inc As Of Nov 30

* CAPITAL RESEARCH GLOBAL INVESTORS REPORTS 12.6 PERCENT PASSIVE STAKE IN BANDWIDTH INC AS OF NOVEMBER 30 - SEC FILING Source text: (http://bit.ly/2kJzKOE) Further company coverage:

companyNews reuters.com

BRIEF-Capital Research Global Investors Reports 11.1 Pct Passive Stake In Integra Lifesciences As Of Nov 30

* CAPITAL RESEARCH GLOBAL INVESTORS REPORTS 11.1 PERCENT PASSIVE STAKE IN INTEGRA LIFESCIENCES HOLDINGS CORP AS OF NOVEMBER 30 - SEC FILING Source text: (http://bit.ly/2jb88l1) Further company coverage:

PersonalFinance reuters.com

SEC to delay mutual fund disclosures in cybersecurity push

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.

companyNews reuters.com

Some Venezuela bondholders receive payments on PDVSA 2017N, 2010 bonds

CARACAS, Dec 8 (Reuters) - Some bondholders have received late interest payments on Venezuelan state oil company PDVSA's 2017N and 2020 bonds, three market sources said on Friday.

companyNews reuters.com

MOVES-OppenheimerFunds, KPMG, Janus Henderson

Dec 8 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.

cnn.com

History's biggest bubbles: They never end well

PersonalFinance reuters.com

UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.

PersonalFinance reuters.com

City of London sticks to Brexit plans despite progress

LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.

companyNews reuters.com

UPDATE 1-China imposes record fine on Guangfa Bank over guarantees for defaulted bonds

BEIJING, Dec 8 (Reuters) - China's banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan ($109 million) for providing illegal guarantees for defaulted corporate bonds sold through an Alibaba-backed online finance platform, it said on Friday.

PersonalFinance reuters.com

U.S.-based stock ETFs attract $14.6 billion of inflows, largest since June: Lipper

NEW YORK (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors'...

companyNews reuters.com

UPDATE 1-U.S.-based stock ETFs attract $14.6 bln of inflows, largest since June -Lipper

(Adds quotes from senior research analyst) By Jennifer Ablan NEW YORK, Dec 7 (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets. Risk appetite was also reflected in high-quality bonds. U.S.-based investment-grade corporate bond funds attracted $622 million of inflows in the week ended We

companyNews reuters.com

U.S.-based stock ETFs attract $14.6 bln of inflows, largest since June -Lipper

NEW YORK, Dec 7 (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets.

companyNews reuters.com

BRIEF-Investors Bank Announces Workforce Reduction And Branch Closures

* INVESTORS BANK ANNOUNCES WORKFORCE REDUCTION AND BRANCH CLOSURES

PersonalFinance reuters.com

Investment funds buy $9.481 billion two-year note in November: U.S. Treasury

(Reuters) - Large investment managers bought $9.481 billion at a 2-year note auction held in November,

worldNews reuters.com

Ukraine - biggest obstacle to normal Russia ties, says Tillerson

VIENNA (Reuters) - The United States would "badly" like to lift sanctions against Russia but will not do so until Moscow has pulled its forces out of eastern Ukraine and Crimea, Secretary of State Rex Tillerson said on Thursday, calling that the main obstacle to normal ties.

technologyNews reuters.com

Orange's boss Richard promises investors more of the same

PARIS/LONDON (Reuters) - Orange's boss Stephane Richard told investors on Thursday he will stick with plans to invest heavily in upgrading networks rather than content as he bids for a third term to lead France's biggest telecoms operator.

topNews reuters.com

Tillerson says Ukraine is biggest obstacle to normal Russia ties

VIENNA (Reuters) - The United States would "badly" like to lift sanctions against Russia but will not do so until Moscow has pulled its forces out of eastern Ukraine and Crimea, Secretary of State Rex Tillerson said on Thursday, calling that the main obstacle to normal ties.

PersonalFinance reuters.com

Gross warns Fed should be 'more cautious' amid investor bond binge

NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...

PersonalFinance reuters.com

Retail disruption is nothing compared to gnarly first jobs

NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.

PersonalFinance reuters.com

Column: U.S. Republicans sharpen knives for retirement program cuts

CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.

PersonalFinance reuters.com

Yes, she's judging you: Luvvie Ajayi on writing a bestselling life

NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...

Bitcoin (Currency) nytimes.com

Bitcoin Hasn’t Replaced Cash, but Investors Don’t Care

Investors have lifted Bitcoin past $13,000, likening it to gold as a place to store money. Early followers who hoped for a faster, cheaper way to pay for things are looking elsewhere.

PersonalFinance reuters.com

Proxy firm ISS advises shareholders to back Marcato at Deckers

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato's choice of directors at Deckers Outdoor Corp, switching its...

PersonalFinance reuters.com

Proxy advisory firm ISS switches Deckers recommendation to Marcato nominees

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday switched its recommendation in one of the season's most hotly contested proxy contests to suggest shareholders...

PersonalFinance reuters.com

My taxes probably are going up. Are yours?

NEW YORK (Reuters) - No matter what version of the U.S. tax overhaul being considered by Congress becomes law, it looks like I am going to be paying more in taxes next year.

Starbucks Corporation nytimes.com

The World’s Biggest Starbucks Opens in Shanghai. Here’s What It Looks Like.

The company’s new store in China is aimed squarely at a country of tea drinkers that has emerged as a major core of its business.

PersonalFinance reuters.com

Study abroad appeals to more U.S. college students, but costs can mount

CHICAGO (Reuters) - While most college seniors are still hoping to land a good job after graduation, Kelsey Berg is set.

PersonalFinance reuters.com

Short-seller Muddy Waters bets against OSI Systems

BOSTON (Reuters) - Carson Block, founder of short-seller Muddy Waters LLC, which gained prominence with a bet against a Chinese timber company, said he is shorting OSI Systems Inc, sending the...

companyNews reuters.com

Investors wean themselves off oil as electric future beckons

* Oil and gas stocks lag European market: http://tmsnrt.rs/2AzaEb7

cnn.com

Hugh Jackman on turning down Bond role

Hugh Jackman apparently was neither shaken nor stirred by the possibility of playing James Bond.

cnn.com

Israeli Prime Minister reinforces bond with US

After the announcement that President Trump will recognize Jerusalem as the capital of Israel, Israeli Prime Minister Benjamin Netanyahu says the alliance with US is "irreplaceable."

technologyNews reuters.com

Ireland says yet to agree exact date for Apple to start transferring tax funds

DUBLIN (Reuters) - Ireland expects Apple to start paying up to 13 billion euros ($15.36 billion) in back taxes into an escrow account once it is set up at the end of January, but an exact date has yet to be agreed.

topNews reuters.com

China pledges 'significant' market opening for foreign investors

BEIJING (Reuters) - China will "significantly" widen market access for foreign investors, state radio on Wednesday quoted vice premier Wang Yang as saying, following a recent move to raise foreign ownership limits in local financial firms.

peopleNews reuters.com

Christine Keeler, woman at the centre of Britain's biggest sex scandal, dies

LONDON (Reuters) - Christine Keeler, the model and dancer whose liaisons with a British minister and a Soviet diplomat at the height of the Cold War shocked Britain and embroiled the government in a notorious political sex scandal, has died aged 75.

peopleNews reuters.com

Christine Keeler, the love triangle call girl in Britain's biggest sex scandal, dies

LONDON (Reuters) - Christine Keeler, the woman at the center of a 1960s love triangle between a minister and Soviet naval attache that produced Britain's biggest political sex scandal, has died at the age of 75.

companyNews reuters.com

Japan's Nikkei posts biggest fall since late March

TOKYO, Dec 6 (Reuters) - Japan's Nikkei share average fell 2 percent on Wednesday, its biggest percentage drop since late March, with selling accelerating after a break of a key technical support level from its 25-day moving average.

PersonalFinance reuters.com

Gundlach says 'strange environment' to be cutting U.S. corporate taxes

NEW YORK (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes...

PersonalFinance reuters.com

Disrupt This! Innovation ETFs are storming the market

NEW YORK (Reuters) - Amazon.com is disrupting retail. Airbnb is disrupting hotels. Uber is disrupting transportation. Who is going to be disrupted next?

businessNews reuters.com

Tech stocks rebound as investors assess tax bill details

(Reuters) - Wall Street rose and technology stocks recovered from a two-day selloff on Tuesday, with investors assessing a change to the Senate's version of the tax overhaul bill that could affect the ability of companies to cut their tax bills.

topNews reuters.com

Buy sterling on a 'Brexit breakthrough'? Not yet, say investors

LONDON (Reuters) - Sterling investors remain hesitant about chasing the rallying pound higher even as the British government said it was close to an agreement with the European Union on how to move Brexit talks onto trade next year.

companyNews reuters.com

BRIEF-US appeals court revives lawsuit against Alibaba by ADS investors

Dec 5 (Reuters) - u.s. Appeals court revives shareholder lawsuit against alibaba group holding ltd over pre-ipo regulatory warning -- ruling 2Nd u.s. Circuit court of appeals vacates lower court judge's dismissal of lawsuit by holders of american depository shares and call options Shareholders accused alibaba of concealing a regulator's warning about its ability to suppress counterfeiting on its websites

PersonalFinance reuters.com

Q&A: Designer Rachel Roy learned to bend so she will not break

NEW YORK (Reuters) - Going from a California teen working in a clothing store to making dresses for Michelle Obama has been quite the trajectory for fashion designer Rachel Roy.

businessNews reuters.com

U.S. investors overweight in stocks despite market fears: study

NEW YORK (Reuters) - Three out of four U.S. investors age 40 and older worry about a correction that will eventually end the long-running bull market in stocks, yet most refuse to head for the exits.

cnn.com

World's biggest Starbucks just opened in China

Venture Capital nytimes.com

DealBook: From Bezos to Walton, Big Investors Back Fund for ‘Flyover’ Start-Ups

The fund started by an AOL co-founder and an author has attracted a Who’s Who of American business to invest in the heartland’s entrepreneurs.

worldNews reuters.com

Swiss to return $321 million in stolen funds to Nigeria

ZURICH (Reuters) - Switzerland will return to Nigeria around $321 million in assets seized from the family of former military ruler Sani Abacha via a deal signed with the World Bank on Monday, the Swiss government said.

businessNews reuters.com

Dow hits record as investors bet on tax cuts

(Reuters) - The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts.

companyNews reuters.com

Investors line up for Germany's Techem, which could fetch $5 bln -sources

* Ista sale multiple gives almost 4 bln euro enterprise value

PersonalFinance reuters.com

Fidelity clients suffer second website glitch in week

BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch...

PersonalFinance reuters.com

Fidelity says some customers cannot access accounts

BOSTON (Reuters) - Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator...

companyNews reuters.com

BRIEF-Foreign institutional investors hold 75 pct of Italy's UniCredit

Dec 4 (Reuters) - UniCredit's Chairman Giuseppe Vita tells shareholder meeting:

businessNews reuters.com

Confusion reigns as banks scramble to price FX, bond research under EU markets revamp

LONDON (Reuters) - How much are you worth? For the FX and bond analysts covering the world's biggest markets, how much to charge for their time and research remains in question just a month away from sweeping new rules that require fund managers to pay for these services.

companyNews reuters.com

Euro zone bond yields jump after U.S. tax plan raises rate hike prospects

LONDON, Dec 4 (Reuters) - Euro zone bond yields rose sharply and European stock futures pointed to a higher open on Monday as the passage of a tax bill in the United States over the weekend increased the prospects of more aggressive rate hikes in the world's largest economy.

cnn.com

Trump says investors should sue ABC over bungled story

An erroneous ABC News report about President Trump and his former adviser Michael Flynn met widespread criticism and led the network to suspend the journalist behind the story for making a "serious error."

businessNews reuters.com

Fear of missing out keeps investors in stocks despite risks

NEW YORK, (Reuters) - Wall Street's fear of missing out on a relentless rally appears to be trumping rising political risk in a high-stakes December in Washington.

companyNews reuters.com

BRIEF-Hennessy Advisors, Inc. Acquires Two Rainier U.S. Equity Funds

* HENNESSY ADVISORS, INC. ACQUIRES TWO RAINIER U.S. EQUITY FUNDS

PersonalFinance reuters.com

Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to...

companyNews reuters.com

Venezuela bondholders meeting ended without pact on strategy -sources

Dec 1 (Reuters) - A meeting of Venezuelan bondholders on Thursday to discuss how to handle the government's request to restructure $60 billion in outstanding bonds has yielded no clear strategy, sources with direct knowledge of the meeting told Reuters on Friday.

PersonalFinance reuters.com

Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in...

PersonalFinance reuters.com

Mednax fielding takeover interest from buyout firms: sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

PersonalFinance reuters.com

Exclusive: Mednax fielding takeover interest from buyout firms - sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

cnn.com

Australia switches on world's biggest battery

The world's biggest lithium ion battery has started delivering power.

Solar Energy nytimes.com

Australia Powers Up the World’s Biggest Battery — Courtesy of Elon Musk

South Australia had a blackout problem, and the Tesla founder had a solution: a battery the size of a football field.

PersonalFinance reuters.com

U.S.-based money market funds post $33 billion inflows, largest of 2017: Lipper

NEW YORK (Reuters) - Investors poured $33 billion into U.S.-based money market funds during the week ended Nov. 29, the largest inflows of 2017, Lipper data showed on Thursday, in a sign that...

PersonalFinance reuters.com

Hedge fund Hutchin Hill shuts down after three bad years

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance.

PersonalFinance reuters.com

Hedge fund Hutchin Hill shutting down: letter

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after a period of poor performance.

companyNews reuters.com

BRIEF-‍Viking Global Investors Reports 9.6 Pct Passive Stake In Jianpu Technology

* ‍VIKING GLOBAL INVESTORS LP​ REPORTS 9.6 PERCENT PASSIVE STAKE IN JIANPU TECHNOLOGY INC AS OF NOVEMBER 20 - SEC FILING Source text : http://bit.ly/2AJKTpc Further company coverage:

PersonalFinance reuters.com

Bodenholm and Westray reveal media stock shorts on changing viewers

LONDON (Reuters) - European hedge funds Bodenholm Capital and Westray Capital Management revealed they had taken short selling positions on some media companies, bets that their stock prices will...

PersonalFinance reuters.com

New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities...

Dow Jones Stock Average nytimes.com

Markets Pass Another Milestone, as Investors Remain Fearless

The latest landmark — Dow 24,000 — reflects optimism about rising profits and lower taxes, and a seeming imperviousness to unsettling news.

PersonalFinance reuters.com

U.S. Securities and Exchange Commission ratifies administrative law judges

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.

worldNews reuters.com

In warning to Ankara, EU cuts funds for Turkey's membership bid

BRUSSELS (Reuters) - The European Union is set to cut up to 175 million euros for Turkey in 2018 that are linked to Ankara's stalled bid to join the bloc and could block some 3.5 billion euros in development loans earmarked for the country, lawmakers and diplomats said.

PersonalFinance reuters.com

U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive...

PersonalFinance reuters.com

Column: To the year-end checklist, add mandatory retirement withdrawals

CHICAGO (Reuters) - Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.

companyNews reuters.com

CORRECTED (OFFICIAL)-MOVES- JP Morgan, Citi Private Bank, VAM Funds, Brown Shipley (Nov. 29)

Nov 29 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

businessNews reuters.com

Flipkart investors, employees trimming stakes as part of SoftBank deal: sources

MUMBAI (Reuters) - Some early Flipkart [IPO-FLPK.N] investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan's SoftBank Group , two people familiar with the matter said on Thursday.

companyNews reuters.com

UPDATE 1-Flipkart investors, employees trimming stakes as part of SoftBank deal -sources

* Current, former employees offered just over $85 apiece -sources

technologyNews reuters.com

Europe draws in nearly half of funds raised via initial coin offerings: report

LONDON (Reuters) - Nearly half of the cash that has poured into newly issued cryptocurrencies in recent years has been raised in Europe, research published on Thursday showed.

companyNews reuters.com

UPDATE 4-Alibaba's jumbo bond deal sets sector benchmark in Asia

* Maturities ranging from 5.5 years to 40 years (Recasts with sector context, trade prices, company fundamentals)

companyNews reuters.com

Marvel's biggest cast assemble for 'Avengers: Infinity War'

LOS ANGELES, Nov 29 (Reuters) - The evil villain Thanos is preparing to take over the universe and Marvel has recruited all of its cinematic superheroes, from Iron Man and Thor to Doctor Strange and Spider-Man, to save the galaxy in Wednesday's new trailer for "Avengers: Infinity War."

politicsNews reuters.com

Republicans in House seek protection for municipal bonds in tax bill

(Reuters) - A group of Republicans in the U.S. House of Representatives on Wednesday urged keeping federal tax breaks on private activity bonds sold by the developers of hospitals, nursing homes, airports and toll roads to reduce costs.

businessNews reuters.com

Nasdaq falters as investors flee tech for banks

(Reuters) - The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.

PersonalFinance reuters.com

U.S. bond funds attract $6.16 billion in week ended Nov. 21: ICI

NEW YORK (Reuters) - U.S. fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable...

PersonalFinance reuters.com

Illinois' $750 million bonds won by BofA with still hefty yields

CHICAGO (Reuters) - Bank of America Merrill Lynch won $750 million of Illinois bonds in competitive bidding on Wednesday as the state faced a lingering market penalty for its fiscal and political...

businessNews reuters.com

Nasdaq drops as investors shun techs for financials

(Reuters) - The Nasdaq Composite index fell more than 1 percent in midday trade on Wednesday as investors sold off technology stocks and moved into financials that have gained on strong economic data and comments from Fed officials on future rate hikes.

companyNews reuters.com

US STOCKS-Nasdaq drops as investors shun techs for financials

* Dow up 0.39 pct, S&P up 0.32 pct, Nasdaq off 1.11 pct (Changes comment, adds details, updates prices)

companyNews reuters.com

Unilever spreads auction narrows with three funds left - sources

LONDON, Nov 29 (Reuters) - Private equity firms Apollo , KKR and CVC Capital Partners are the final three parties left bidding for Unilever's margarine and spreads business, sources familiar with the matter said, as the process moves towards its final round.

environmentNews reuters.com

China makes its biggest seizure of endangered pangolin scales: state media

BEIJING (Reuters) - Chinese customs have seized 11.9 tonnes of scales of pangolins, the world's most poached animal and under threat of extinction, in their biggest seizure of its kind, state media said on Wednesday.

companyNews reuters.com

MOVES- JP Morgan, Citi Private Bank, VAM Funds, Brown Shipley

Nov 29 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

PersonalFinance reuters.com

Exotix Capital appoints Basni Jashapara to senior role

(Reuters) - Emerging markets-focused investment bank Exotix Capital named Basni Jashapara as its new head of EMEA sales for research, analytics and data.

PersonalFinance reuters.com

Citi Private Bank appoints Andrew Keating as UK Private Banker

(Reuters) - Citi Private Bank (CPB), a unit of Citigroup Inc that caters to wealthy individuals and families, appointed Andrew Keating as UK Private Banker.

PersonalFinance reuters.com

VAM Funds names Robert Gordon director of two funds

(Reuters) - Luxembourg-based fund management company VAM Funds appointed Robert Gordon as a director of VAM Funds and VAM Managed Funds.

PersonalFinance reuters.com

Weatherbys Private Bank names associate director

(Reuters) - Weatherbys Private Bank appointed Henry Taylor as an associate director.

companyNews reuters.com

UPDATE 1-Alibaba issues price guidance for 5-tranche, benchmark dollar bond - term sheet

HONG KONG, Nov 29 (Reuters) - Chinese internet giant Alibaba Group Holding Ltd on Wednesday issued pricing guidance for a multi-tranche benchmark dollar bond, which is expected to price during New York hours, according to a term sheet seen by Reuters.

environmentNews reuters.com

China's war on smog 'biggest uncertainty' for copper smelters: Jiangxi Copper executive

SHANGHAI (Reuters) - China's environmental crackdown is the "biggest uncertainty" facing the nation's copper smelters, as the government steps up inspections and stiffens emissions control standards, an executive from Jiangxi Copper Co Ltd said on Wednesday.

companyNews reuters.com

Alibaba markets five-tranche US dollar bonds

SINGAPORE, Nov 29 (IFR) - Alibaba Group Holding, rated A1/A+/A+, is marketing five tranches of US dollar bonds in its second such offering.

companyNews reuters.com

Alibaba issues price guidance for 5-tranche, benchmark sized dollar bond issue - term sheet

HONG KONG, Nov 29 (Reuters) - Internet giant Alibaba Group Holding Ltd is making a five tranche dollar bond offering in a benchmark-sized issue expected to price later on Wednesday during New York trading hours, according to a term sheet seen by Reuters.

PersonalFinance reuters.com

Vanguard to offer its first active ETF lineup in U.S.

BOSTON (Reuters) - Vanguard Group Inc on Tuesday said it will offer six actively managed exchange traded funds aimed at giving investors exposure to specific factors like low volatility or liquidity,...

environmentNews reuters.com

Germany clears $1.19 billion in diesel pollution funds for cities

BERLIN (Reuters) - Germany's federal government on Tuesday released 1 billion euros ($1.19 billion) of promised funding to help municipalities tackle diesel pollution but environmentalists doubt the move will help avert bans of polluting vehicles.

PersonalFinance reuters.com

RBC Investor & Treasury Services expands product management team

(Reuters) - RBC Investor & Treasury Services, a unit of Royal Bank of Canada, appointed Annette Niebuhr as managing director, network management within its product management team.

Sorensen, Bent nytimes.com

Hear the Piece That Won One of Music’s Biggest Prizes

Bent Sorensen, a Danish composer, has claimed the $100,000 Grawemeyer Award for Music Composition for his triple concerto “L’Isola della Città.”

PersonalFinance reuters.com

SEC looking at fixed-income markets with 'greater focus': Clayton

NEW YORK (Reuters) - U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday that the SEC has formed a group to examine fixed-income markets with the goal of protecting retail...

worldNews reuters.com

Zimbabwe's Mnangagwa opens three-month amnesty window for return of stolen funds

HARARE (Reuters) - Zimbabwe's new President Emmerson Mnangagwa has opened a three-month amnesty window for the return of public funds illegally stashed abroad by individuals and companies, he said on Tuesday.

environmentNews reuters.com

German cities call on Merkel to release diesel pollution funds

BERLIN (Reuters) - German cities will call on the government to immediately release 1 billion euros ($1.2 billion) of promised funding to cut diesel pollution and help them avert a potential ban on diesel vehicles.

PersonalFinance reuters.com

New ETF joins fight against sexual harassment in workplace

NEW YORK (Reuters) - A new exchange-traded fund is being introduced for investors who want their money kept far away from sexual harassment in the workplace.

Federal Taxes (US) nytimes.com

Op-Ed Columnist: The Biggest Tax Scam in History

Republicans try to create a safe space for political double talk.

PersonalFinance reuters.com

U.S. Labor Department delays final part of fiduciary rule

NEW YORK (Reuters) - The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that...

companyNews reuters.com

WRAPUP 3-China blue chips extend losses as bond market mood remains fragile

* Reports of new rules on asset-backed securities underscore regulatory concerns

businessNews reuters.com

Sabeco gets strong response at Singapore investors' roadshow as Vietnam kicks off sale

SINGAPORE (Reuters) - Vietnam's biggest brewer Sabeco has received a strong response from potential suitors at an investors' roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews.

companyNews reuters.com

METALS-London nickel skids, metals slip as investors cut risk

(Recasts, adds comment, updates details and prices) MELBOURNE, Nov 27 (Reuters) - London nickel led metals lower on Monday, as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing. China will check local governments' investment in railway projects, the state planner said on Friday, amid official concerns that breakneck infrastructure spending is racking up too much debt. "Today's selling is also a likely

companyNews reuters.com

WRAPUP 2-China blue chips extend losses as bond market mood remains fragile

* Reports of new rules on asset-backed securities underscore regulatory concerns

companyNews reuters.com

WRAPUP 1-China shares extend losses on fragile bond market mood

SHANGHAI, Nov 27 (Reuters) - China's stock markets fell sharply on Monday, extending last week's sell-off, as investors worried about the impact of rising borrowing costs on company profits and braced for more regulatory measures as Beijing cracks down on risky financing.

companyNews reuters.com

UPDATE 1-U.S.-based stock ETFs attract $9.4 bln of inflows in latest week -Lipper

(Adds analyst quote on ETF vs active mutual fund flows, byline) By Jennifer Ablan NEW YORK, Nov 24 (Reuters) - Investors poured $9.4 billion into U.S.-based stock exchange-traded funds (ETFs) in the week ended Wednesday, the group's eighth consecutive week of inflows, against a backdrop of record closing highs on major markets, Lipper data showed on Friday. Retail investors, however, yanked money out of U.S.-based stock mutual funds, pulling $3.5 billion during the same period, cont

companyNews reuters.com

U.S.-based stock ETFs attract $9.4 bln of inflows in latest week -Lipper

NEW YORK, Nov 24 (Reuters) - Investors poured $9.4 billion into U.S.-based stock ETFs in the week ended Wednesday, the group's eighth consecutive week of inflows, against the backdrop of record closing highs on major markets, Lipper data showed on Friday.

companyNews reuters.com

UPDATE 2-Venezuela's PDVSA says making bond payments, urges trust

CARACAS, Nov 24 (Reuters) - Venezuelan state oil company PDVSA said on Friday it was making last-minute payments on two bonds close to default, including one backed by shares in U.S.-based refiner Citgo, and called for "trust" as it seeks to maintain debt service amid a deepening economic crisis.

businessNews reuters.com

'Stealth hedging' shows investors not so complacent

NEW YORK (Reuters) - With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent.

PersonalFinance reuters.com

France cuts cost of sacking traders to lure banks post-Brexit

PARIS (Reuters) - The French parliament has approved measures to cut the cost of sacking traders by excluding their bonuses from compulsory redundancy payouts, in a move aimed at luring banks'...

companyNews reuters.com

BRIEF-‍Clariant to present details on updated strategy to investors in early 2018​

* ‍CLARIANT ANNOUNCES PLAN TO UPDATE ITS STRATEGY TO FURTHER ENHANCE GROWTH AND VALUE CREATION​

companyNews reuters.com

BRIEF-Razor Energy qtrly adjusted funds flow $0.10 per share

* Razor Energy Corp. Announces third quarter 2017 results and record production

companyNews reuters.com

Bank investors criticise eurozone resolution authorities

LONDON, Nov 23 (IFR) - Investors in eurozone bank debt, badly bruised by unexpected resolutions of some such lenders in recent months, are being forced to take a more realistic approach to their strategies in the wake of these events.

PersonalFinance reuters.com

Sovereign funds pull $3.7 billion from global stock, bond markets in third quarter

LONDON (Reuters) - Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data...

companyNews reuters.com

High-yield bond funds extend outflow streak - BAML

LONDON, Nov 23 (Reuters) - Investors yanked $2 billion from high-yield bond funds over the past week, the fourth straight week of outflows, Bank of America Merrill Lynch data showed on Friday, as they took profits in an asset class that has yielded double-digit returns this year.

cnn.com

Tesla builds the world's biggest battery

companyNews reuters.com

SocGen sees limited upside in stocks as bond yields set to rise

LONDON, Nov 23 (Reuters) - With bond yields set to rise and shares already trading at expensive prices, there is little upside left in equity markets, France's Societe Generale said on Thursday in its 2018 outlook.

businessNews reuters.com

Dollar dumped, bonds buoyant on Fed inflation caution

SYDNEY (Reuters) - The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought.

companyNews reuters.com

GLOBAL MARKETS-Dollar dumped, bonds buoyant on Fed inflation caution

* Fed minutes show "many" worried inflation would stay too low

businessNews reuters.com

Dollar dumped, bonds boosted on Fed inflation caution

SYDNEY (Reuters) - Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally.

companyNews reuters.com

GLOBAL MARKETS-Dollar dumped, bonds boosted on Fed inflation caution

* Fed minutes show "many" worried inflation would stay too low

PersonalFinance reuters.com

Vanguard's Davis makes case for index funds even in tough times

BOSTON (Reuters) - The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry...

PersonalFinance reuters.com

Illinois returns to muni market with $750 million bond sale

CHICAGO (Reuters) - Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt.

businessNews reuters.com

Tech still hedge funds' sweetheart sector: Goldman Sachs

LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market.

companyNews reuters.com

Tech still hedge funds' sweetheart sector -Goldman Sachs

LONDON, Nov 22 (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.

companyNews reuters.com

U.S. bond fund investors stirred, not shaken

By Trevor Hunnicutt NEW YORK, Nov 22 (Reuters) - U.S. fund investors pumped millions into bond funds for a 50th straight week, the Investment Company Institute (ICI) said on Wednesday, showing that caution in recent weeks may not portend a flight from debt generally. Taxable-bond mutual funds and exchange-traded funds (ETFs) took in $839 million during the turbulent week ended Nov. 15, the lowest in nearly a year, as high-yield debt came under pressure, according to the trade group.

businessNews reuters.com

Deutsche Bank strategist tells investors to avoid bitcoin

FRANKFURT (Reuters) - Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment.

companyNews reuters.com

U.S. investment firm PennantPark prices $139 mln Tel Aviv bond offer

* U.S. investment firm PennantPark Floating Rate Capital Inc said on Wednesday it priced an institutional debt offering in Israel of $138.7 million of notes maturing in 2023 and paying annual interest of 3.83 percent.

PersonalFinance reuters.com

Your Money: Uncertain future for those counting on medical deductions

NEW YORK (Reuters) - At a retirement community near Chicago, Jay Schachner and his friends are nervously awaiting the fate of their medical expenses amid U.S. tax overhaul.

companyNews reuters.com

BRIEF-UK's FCA fines bond trader 60,000 pounds for market abuse‍​‍​

* IMPOSED ON PAUL WALTER, A FORMER BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LTD BOND TRADER, FINANCIAL PENALTY OF 60,090 POUNDS FOR ENGAGING IN MARKET ABUSE‍​‍​‍​ Source text (http://bit.ly/2jekggW) Further company coverage:

companyNews reuters.com

UPDATE 1-Venezuela bondholders look to form alliances under restructuring limbo

Nov 21 (Reuters) - Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $60 billion of debt.

companyNews reuters.com

Venezuela bondholders look to form alliances under restructuring limbo

Nov 21 (Reuters) - Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $60 billion of debt.

PersonalFinance reuters.com

Citi hit with $6.5 million in U.S. fines over student loans

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it had ordered Citibank to pay $6.5 million for allegedly harming borrowers with student loan servicing...

PersonalFinance reuters.com

U.S. consumer agency hits Citi with $6.5 million in fines over education lending

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau said on Friday it had ordered Citibank to pay $6.5 million for alleged student loan servicing failures it said had harmed...

companyNews reuters.com

GLOBAL MARKETS-Stocks rally on growth, earnings outlook; bonds slip

* Oil rises but capped OPEC meeting (Adds oil, gold settlement prices)

domesticNews reuters.com

SEC charges N.Y. town, ex-official, with defrauding municipal investors

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings, the agency said in a statement.

PersonalFinance reuters.com

Your Money: Gear up for a big year of giving

CHICAGO (Reuters) - If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year.

PersonalFinance reuters.com

FINRA fines JPMorgan $1.25 million for failures in employee background checks

NEW YORK (Reuters) - The Financial Industry Regulatory Authority said on Tuesday it fined JPMorgan Chase & Co's securities division $1.25 million for failing to conduct adequate background checks on...

PersonalFinance reuters.com

Paris watchdog win bolsters its fight for Brexit banks

PARIS/LONDON (Reuters) - The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks after Brexit, French officials said on Tuesday.

businessNews reuters.com

Exclusive: Selling Saudi Arabia's grain mills proves a grind for investors

DUBAI (Reuters) - An unwieldy sale process and onerous ownership rules are discouraging some potential investors from bidding for Saudi Arabia's state-owned grain mills, sources close to the firms say, in a potential snag for the kingdom's economic reforms.

companyNews reuters.com

BRIEF-Investment funds managed by Morgan Stanley Energy Partners make equity investment in Durango Midstream​

Nov 21 (Reuters) - Investment funds managed by Morgan Stanley Energy Partners:

politicsNews reuters.com

Doubts linger after Florida's Scott pitches biggest budget

NEW YORK (Reuters) - After deep cuts in spending for Florida schools and other public programs following the Great Recession, outgoing Republican Governor Rick Scott this month proposed an $87.4 billion budget he says boosts spending on some depleted services to record levels.

PersonalFinance reuters.com

Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products

HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC in a case related to the sale of Lehman Brothers-linked...

entertainmentNews reuters.com

Taylor Swift's 'Reputation' is 2017's biggest U.S. album debut

LOS ANGELES (Reuters) - Taylor Swift's "Reputation" album sold 1.216 million copies in its first week and debuted at the top of the U.S. Billboard 200 album chart, Nielsen Music said on Monday, the biggest album debut of the year.

companyNews reuters.com

UPDATE 3-Bombardier sees strong demand for $1 bln bond offering

Nov 20 (Reuters) - Bombardier Inc said on Monday it priced $1 billion worth of seven-year bonds at par with a final yield of 7.5 percent per year, underscoring strong demand for the deal partly slated to retire debt maturing in 2019.