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Ex-Bank of America executive Malik to launch fund advisory firm

NEW YORK (Reuters) - Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers,...

PersonalFinance reuters.com

Families can pool resources for disabled in ABLE accounts

CHICAGO (Reuters) - TJ Rodriguez is 36 and cannot walk without a walker, but horse riding helps him build his strength.

PersonalFinance reuters.com

Your estate plan needs an update, even if it is new

NEW YORK (Reuters) - Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, thanks to new tax laws...

companyNews reuters.com

BRIEF-Vanguard Natural Resources Sees Q1 Capital Expenditures $46 Mln To $50 Mln

* VANGUARD NATURAL RESOURCES, INC. ANNOUNCES SENIOR LEADERSHIP CHANGES AND INITIAL 2018 GUIDANCE, AND PROVIDES 2018 GENERAL CORPORATE UPDATE

PersonalFinance reuters.com

Oil specialist Westbeck to launch electric vehicle hedge fund

LONDON (Reuters) - Oil-focused hedge fund firm Westbeck Capital will enter new territory next month with an equities fund designed to tap into growing excitement over electric vehicles, according to...

businessNews reuters.com

Morgan Stanley's wealth management business helps bank top estimates

(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management offset a drop in trading revenue.

PersonalFinance reuters.com

Nursing home study raises questions on Medicare managed care networks

CHICAGO (Reuters) - Managed care is the hot trend in Medicare, with the number of seniors enrolled in Medicare Advantage plans projected to soar over the coming decade. These plans offer simplicity...

sportsNews reuters.com

Sharapova too hot for Sevastova, reaches third round

MELBOURNE (Reuters) - Maria Sharapova suffered a late wobble in the blazing center court heat before easing past 14th seed Anastasija Sevastova 6-1 7-6(4) to reach the third round of the Australian Open on Thursday.

PersonalFinance reuters.com

U.S. investors' love affair with bonds unshaken by rising yields

NEW YORK (Reuters) - U.S. fund investors stampeded into bonds and world stocks during the latest week, ignoring warning signs about stretched prices, according to the Investment Company Institute...

PersonalFinance reuters.com

Bank of America takes tax hit, vows longer-term boost

(Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit...

companyNews reuters.com

BRIEF-Roaring Blue Lion Capital To Continue Discussing Ideas For Changes To HomeStreet Inc's Board

* ROARING BLUE LION CAPITAL MANAGEMENT SAYS WILL CONTINUE TO DISCUSS IDEAS THAT MAY RESULT IN CHANGES TO HOMESTREET'S BOARD, AMONG OTHERS

PersonalFinance reuters.com

Sovereign investor 2017 deal values down 24 percent at $72 billion

LONDON (Reuters) - Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which...

PersonalFinance reuters.com

Pimco doubts U.S. will enact infrastructure spending, welfare reform in 2018

NEW YORK (Reuters) - Investment firm Pimco thinks it is unlikely that Washington will enact welfare reform or a major spending plan to improve bridges, roads and other infrastructure in 2018, Libby...

PersonalFinance reuters.com

U.S. companies list blockchain ETFs as bitcoin proposals languish

NEW YORK (Reuters) - Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week.

United States International Relations nytimes.com

Pentagon Suggests Countering Devastating Cyberattacks With Nuclear Arms

President Trump has not yet approved a draft strategy that would expand “extreme circumstances” for nuclear retaliation to include a crippling cyberattack.

PersonalFinance reuters.com

Stock 'fear index' snaps out of extended snooze, jumps to six-week high

NEW YORK (Reuters) - A widely followed gauge of expected near-term stock price gyrations perked up on Tuesday to a six-week high as traders took to the equity options market to pick up some...

cnn.com

'Captain Underpants' helps usher the return of Saudi cinemas

PersonalFinance reuters.com

Be a money superhero and cosplay on a budget

NEW YORK (Reuters) - If you ever happen to run into Burbank’s Mark Chu-Lin, he might not respond if you call out to him by name.

PersonalFinance reuters.com

Round Hill, investor in Beatles and Bruno Mars songs, raises new fund

(Reuters) - Round Hill Music Royalty Partners, a private equity firm which invests in the copyright of songs from artists such as The Beatles, The Rolling Stones and Bruno Mars, said on Tuesday it...

PersonalFinance reuters.com

Activist fund Elliott urges changes to Bezeq Telecom board

TEL AVIV (Reuters) - Activist investor Elliott called for sweeping changes to the board of Bezeq Israel Telecom as it disclosed it has a 4.8 percent stake in the company, which has been under...

companyNews reuters.com

METALS-Weaker dollar helps buoy Shanghai, London copper prices

SYDNEY, Jan 16 (Reuters) - Copper prices edged up in London and Shanghai markets on Tuesday, helped by a weaker U.S. dollar.

companyNews reuters.com

METALS-Zinc scales 10-year peak as base metals rally

* LME/ShFE arb: http://bit.ly/2wZSAEz (Updates with closing prices)

PersonalFinance reuters.com

Hedge funds intensify bearish dollar, U.S. bond bets: McGeever

LONDON (Reuters) - The direction fast money is flowing at the start of the year could not be clearer as hedge funds and speculators ramp up their bets on a lower dollar and higher U.S. bond yields.

topNews reuters.com

U.S.-led coalition helps to build new Syrian force, angering Turkey

BEIRUT/ISTANBUL (Reuters) - The U.S.-led coalition is working with its Syrian militia allies to set up a new border force of 30,000 personnel, the coalition said on Sunday, a move that has added to Turkish anger over U.S. support for Kurdish-dominated forces in Syria.

topNews reuters.com

U.S.-led coalition helps build new Syrian force, angering Turkey

BEIRUT/ISTANBUL (Reuters) - The U.S.-led coalition is working with its Syrian militia allies to set up a new border force of 30,000 personnel, the coalition said on Sunday, a move that has added to Turkish anger over U.S. support for Kurdish-dominated forces in Syria.

PersonalFinance reuters.com

U.S. 'socially screened' funds draw second-biggest inflows ever

NEW YORK (Reuters) - U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category's second-biggest annual inflow ever, with...

businessNews reuters.com

Wall St. scales record highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove gains for consumer stocks.

companyNews reuters.com

US STOCKS-Wall St scales record highs on earnings optimism, data

* Rising rents, healthcare costs boost underlying U.S. inflation

PersonalFinance reuters.com

U.S. Supreme Court takes up challenge to SEC in-house judges

(Reuters) - The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice - its use of in-house judges to enforce investor protection laws - by a...

PersonalFinance reuters.com

New Vanguard CEO Buckley says indexing fosters competition

BOSTON (Reuters) - Vanguard Group Inc's vast scale helps it promote efficient markets, its new chief executive said on Friday, pushing back on concerns the growth of passive index funds could reduce...

PersonalFinance reuters.com

U.S. consumer watchdog official takes leadership fight to appeals court

WASHINGTON (Reuters) - An official who hopes to lead the Consumer Financial Protection Bureau on Friday took her fight to a U.S. appeals court, urging it to oust President Donald Trump's pick for the...

businessNews reuters.com

Wall St. scales record highs on earnings optimism, robust data

(Reuters) - Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks.

companyNews reuters.com

US STOCKS-Wall St scales record highs on earnings optimism, robust data

* Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct

PersonalFinance reuters.com

German property developer Instone targets March IPO: sources

FRANKFURT (Reuters) - German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in...

PersonalFinance reuters.com

PNC Financial fourth quarter profit more than doubles

(Reuters) - PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also...

PersonalFinance reuters.com

BlackRock, Alliance Bernstein tapping more into electronic bond trading

(This January 11 story, corrects name of firm in headline, 1st, 2nd, 4th and 10th paragraphs to Alliance Bernstein from Vanguard)

PersonalFinance reuters.com

PNC Financial profit more than doubles in fourth quarter

(Reuters) - U.S. regional lender PNC Financial Services reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth.

environmentNews reuters.com

Search for survivors of devastating California mudslide enters third day

MONTECITO, Calif. (Reuters) - The search for survivors from a devastating Southern California mudslide that has killed at least 17 people moved into its third day on Friday, with some 700 rescue workers expecting to find more dead victims.

sportsNews reuters.com

Golf: Last-gasp Li birdie helps Asia take lead against Europe

KUALA LUMPUR (Reuters) - China's Li Haotong held his nerve to birdie his final hole and give hosts Asia a slender lead over champions Europe on the opening day of the 2018 EurAsia Cup in Kuala Lumpur on Friday.

PersonalFinance reuters.com

U.S.-based equity funds attract $12 billion of new cash in latest week: Lipper

NEW YORK (Reuters) - Investors' appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and...

companyNews reuters.com

BRIEF-Apple Tree Partners Sells 150,000 Shares Of Aileron Therapeutics Inc's Common Stock On Jan 9

* APPLE TREE PARTNERS II LP REPORTS SALE OF 150,000 SHARES OF AILERON THERAPEUTICS INC'S COMMON STOCK ON JAN 9 AT $9.80 PER SHARE - SEC FILING Source text: (http://bit.ly/2DiFGmF) Further company coverage:

PersonalFinance reuters.com

Walmart wage hike may show wage pressures building for lowest paid

WASHINGTON (Reuters) - Walmart's tit-for-tat minimum wage battle with Target, ratcheting to $11 an hour for the least experienced workers with likely pressure to move higher, may signal broader gains...

companyNews reuters.com

BlackRock, Vanguard tapping more into electronic bond trading

NEW YORK, Jan 11 (Reuters) - Electronic trading is becoming increasingly important when it comes to corporate debt as fund management firms try to knit together sources of liquidity in a fragmented market, executives from Vanguard Group Inc and BlackRock Inc said on Thursday.

PersonalFinance reuters.com

Bill Gross of Janus: 'Bonds, like men, are in a bear market'

NEW YORK (Reuters) - Billionaire bond veteran Bill Gross of Janus Henderson said on Thursday that the U.S. Treasury market has begun a bear market, though "not a dangerous one" for investors.

PersonalFinance reuters.com

Shopping for nursing homes more tricky in Trump era

CHICAGO (Reuters) - Finding a safe, high-quality nursing home for a loved one is never an easy task. Complicated decisions often are made at a moment of emotional crisis and reliable guidance can be...

PersonalFinance reuters.com

Grad school can be worth it if you pick wisely: study

NEW YORK (Reuters) - There is a sharp contrast between how graduate school students and undergraduate students approach paying for their educations. While parents typically pay the bulk of tuition...

PersonalFinance reuters.com

U.S. judge denies effort to stop Mulvaney from heading consumer watchdog

WASHINGTON (Reuters) - A U.S. federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget...

companyNews reuters.com

UPDATE 6-Buffett succession gains clarity as Berkshire promotes Abel, Jain

Jan 10 (Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the front runners to succeed Warren Buffett atop the conglomerate.

Jazz nytimes.com

The New Vanguard: Nicole Mitchell, an Innovative Flutist With an Afrofuturist Vision

One of Chicago’s most influential jazz musicians, Ms. Mitchell released two standout albums last year, and is the artist-in-residence at Winter Jazzfest.

PersonalFinance reuters.com

Investors strip most cash in four years from U.S. domestic stock funds

NEW YORK (Reuters) - Investors are slimming down equity stakes bloated by a nearly decade-long bull market, withdrawing $22 billion from U.S. domestic stock funds in a single week, Investment Company...

businessNews reuters.com

Canada takes U.S. to WTO, U.S. says case helps China

GENEVA (Reuters) - Canada has launched a wide-ranging trade complaint against the United States, the World Trade Organization said on Wednesday, in a dispute that Washington said would damage Canada's own interests and play into China's hands.

companyNews reuters.com

UPDATE 3-Canada takes U.S. to WTO, U.S. says case helps China

* United States has 60 days to respond (Adds comment from Canadian foreign minister)

PersonalFinance reuters.com

Bets on U.S. inflation heat up in bond market

NEW YORK (Reuters) - More investors are favoring U.S. bonds that profit from a pickup in inflation as the global economy gathers momentum with oil and other basic commodity prices recently hitting...

cnn.com

Why California's mudslides are so devastating

Southern Californians just can't get a break from nature. First, wildfires scorched a massive area northwest of Los Angeles. Now catastrophic mudslides have swallowed homes and killed at least 15 people.

businessNews reuters.com

Buffett succession gains clarity as Berkshire promotes Abel, Jain

(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate.

companyNews reuters.com

UPDATE 3-Buffett succession gains clarity as Berkshire promotes Abel, Jain

Jan 10 (Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate.

companyNews reuters.com

UPDATE 2-Berkshire promotes potential Buffett successors Abel, Jain

Jan 10 (Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their status as the most likely successors to Warren Buffett to run the conglomerate.

PersonalFinance reuters.com

Column: Buy time, not stuff, for more happiness

CHICAGO (Reuters) - For greater happiness in 2018, take a tip from a happiness researcher: Buy time instead of more stuff.

sportsNews reuters.com

Father’s sacrifice helps Kim become snowboard star

LONDON (Reuters) - Chloe Kim has the chance to become the youngest female snowboarder to win Olympic gold when the 2018 Pyeongchang Games kick off in South Korea next month and the American teen says she owes much of her success to her dedicated dad.

businessNews reuters.com

Berkshire promotes potential Buffett successors Abel, Jain

(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate's chief executive.

cnn.com

These images show the mudslide devastation

Destructive waves of mud sliding down barren hillsides in Southern California slammed everything in sight.

cnn.com

Rhino DNA database helps nail poachers and traffickers

CODIS -- the FBI's Combined DNA Index System, containing genetic evidence gathered from crime scenes and serial offenders -- helps cops nab criminals. Now, a similar DNA database is helping link international traffickers of rhinoceros horns to the scene of a poaching, according to a study published Monday in the journal Current Biology.

companyNews reuters.com

BRIEF-Transglobe Energy says ‍Randy Neely promoted to president, Edward Ok appointed CFO​

* TRANSGLOBE ENERGY CORPORATION ANNOUNCES 2018 CAPITAL BUDGET AND MANAGEMENT PROMOTIONS

Sex Crimes nytimes.com

DNA Helps New York Police Solve Infamous 1994 Rape Case

Detectives identified a suspect, who is serving life in prison, for a rape in Prospect Park that drew widespread attention and even figured in a Broadway play.

PersonalFinance reuters.com

Massachusetts hedge fund manager pleads guilty to fraud

BOSTON (Reuters) - A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a...

PersonalFinance reuters.com

Julius Baer buys remaining 20 percent in Kairos for 96 million euros

ZURICH (Reuters) - Swiss private bank Julius Baer said on Tuesday it bought the 20 percent in Italian wealth management firm Kairos Investment Management SpA it did not already own for 96 million...

cnn.com

Exxon claims it's the victim of a vast conspiracy

worldNews reuters.com

North, South Korea to hold talks as Winter Olympics helps break ice

SEOUL (Reuters) - North and South Korea will hold their first formal talks for more than two years on Tuesday, brought together by sport to discuss how the North's athletes can attend next month's Winter Olympics in the South despite simmering fears of conflict.

companyNews reuters.com

BRIEF-Viacom Promotes Fukiko Ogisu To Chief People Officer

* VIACOM PROMOTES FUKIKO OGISU TO EXECUTIVE VICE PRESIDENT AND CHIEF PEOPLE OFFICER Source text for Eikon: Further company coverage:

sportsNews reuters.com

Formula 1's bobsleigh input helps make an ice runner

LONDON (Reuters) - There are plenty of reasons why the sport of bobsleigh is sometimes referred to as Formula One on ice but few as obvious as Italy's World Cup sleds.

worldNews reuters.com

Nigeria starts large scale evacuation of its citizens from Libya

TRIPOLI (Reuters) - Nigeria is starting flights to evacuate thousands of its citizens from Libya which will continue until all those wanting to return home have done so, its foreign minister said on Saturday.

Nuclear Weapons nytimes.com

Nuclear War Would Be ‘Devastating,’ So the C.D.C. Wants to Get People Prepared

The nation’s public health agency says a workshop was scheduled months ago, before President Trump’s recent tweets about nuclear buttons and North Korea.

sportsNews reuters.com

Fiery Kerber helps Germany set up Hopman Cup final against Switzerland

(Reuters) - Angelique Kerber cruised past Daria Gavrilova before teaming up with Alexander Zverev to help Germany overcome Australia on Friday and set up an enticing Hopman Cup final against Switzerland.

businessNews reuters.com

Global stocks scale new record highs, dollar stuck

LONDON (Reuters) - World stocks scaled fresh record highs on Friday after more data pointed to the strength of the world's largest economy, while the dollar was stuck near four-month lows ahead of crucial payroll numbers.

companyNews reuters.com

GLOBAL MARKETS-Stocks scale new record highs, dollar stuck

LONDON, Jan 5 (Reuters) - World stocks scaled fresh record highs on Friday after more data pointed to the strength of the world's largest economy, while the dollar was stuck near four-month lows ahead of crucial payroll numbers.

PersonalFinance reuters.com

Rising tide in U.S. markets helps bonds, global stocks

NEW YORK (Reuters) - Investors sitting on U.S. stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments.

companyNews reuters.com

UPDATE 1-Rising tide in U.S. markets helps bonds, global stocks

(Adds details on funds, analyst quote, table, byline) By Trevor Hunnicutt NEW YORK, Jan 4 (Reuters) - Investors sitting on U.S. stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments. U.S. fund investors pulled $8.4 billion from stocks and funneled $3.3 billion into taxable bonds during the most recent week, responding defensively to a strong year of market gains, Lipper data showed on T

PersonalFinance reuters.com

U.S. stock funds post $8.4 billion outflows during week: Lipper

NEW YORK (Reuters) - U.S. fund investors pulled $8.4 billion from stocks and funneled $3.3 billion into taxable bonds during the most recent week, responding to a strong year of market gains...

PersonalFinance reuters.com

History Lessons: First jobs of famous historians

NEW YORK (Reuters) - Historians study the beginnings of things, even their first work experiences. For the latest in Reuters’ “First Jobs” series, we talked to a few prominent historians about their...

PersonalFinance reuters.com

Column: For U.S. retirees, rising interest rates a double-edged sword

CHICAGO (Reuters) - U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of...

politicsNews reuters.com

Trump push to scale back welfare programs has Republicans on edge

WASHINGTON (Reuters) - Emboldened by his victory in the passage of the biggest U.S. tax overhaul in decades, President Donald Trump now wants to rein in social welfare programs even though some Republicans are wary of tackling the volatile issue in a congressional election year.

businessNews reuters.com

Asian shares scale ten-year peak, oil elevated on Iran unrest

TOKYO (Reuters) - Asian shares vaulted to 10-year highs on Thursday as solid economic data from the United States and Germany reinforced investors' optimism, while oil prices hovered at a 2-1/2-year high with unrest in Iran stoking supply disruption concerns.

businessNews reuters.com

Asian shares scale 10-year peak, oil elevated on Iran unrest

TOKYO (Reuters) - Asian shares flirted with 10-year highs on Thursday as solid economic data from the United States and Germany reinforced investors' optimism, while oil prices hovered at a 2-1/2-year high with unrest in Iran stoking supply disruption concerns.

companyNews reuters.com

GLOBAL MARKETS-Asian shares scale 10-year peak, oil elevated on Iran unrest

* U.S. manufacturing sector survey, German jobless rate upbeat

PersonalFinance reuters.com

Merrill Lynch bans clients from investing in Silbert bitcoin fund

NEW YORK (Reuters) - Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert's top funds last month, according to a memo seen by Reuters.

PersonalFinance reuters.com

U.S. charges ex-Och-Ziff executive with fraud, obstruction of justice

NEW YORK (Reuters) - U.S. prosecutors have charged Michael Cohen, the former head of European investing at hedge fund Och-Ziff Capital Management Group , with fraud and obstruction of justice,...

PersonalFinance reuters.com

U.S. charges former Och-Ziff executive with fraud, obstruction of justice

NEW YORK (Reuters) - U.S. prosecutors have charged Michael Cohen, a former executive at hedge fund Och-Ziff Capital Management Group , with fraud and obstruction of justice, according to court...

PersonalFinance reuters.com

Column: New tax laws may kill the beach house dream

CHICAGO (Reuters) - Dreaming of a beach house? You might want to think twice about that, given tax changes that just kicked in will make owning a vacation home more costly and may tank the resale...

PersonalFinance reuters.com

Column: OPEC's focus on stocks risks prices overshooting - Kemp

LONDON (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is sticking doggedly to its plan to cut commercial oil inventories down to the five-year average to rebalance the oil...

cnn.com

Dog helps save man from obesity

Some doctors are prescribing a novel approach to overweight patients - adopt a dog. Studies show, it's effective. See how a dog named Peety changed a man's life.

PersonalFinance reuters.com

New U.S. tax law could impact paychecks by February

NEW YORK (Reuters) - The first paychecks of 2018 will be dispatched soon, but it may be weeks or months before taxpayers and payroll processors know how the new U.S. tax laws will affect your...

companyNews reuters.com

BRIEF-Amazon Been In Talks With Several Companies Including P&G, Clorox About Letting Them Promote Products On Its Echo Devices - CNBC‍​

* AMAZON HAS BEEN IN TALKS WITH SEVERAL COMPANIES INCLUDING P&G AND CLOROX ABOUT LETTING THEM PROMOTE PRODUCTS ON ITS ECHO DEVICES - CNBC, CITING SOURCES ‍​ Further company coverage:

PersonalFinance reuters.com

Column: Hedge funds gamble OPEC will tighten oil market too much: Kemp

LONDON (Reuters) - Hedge funds are the most bullish about oil prices in years, expecting further gains even as prices touch multi-year highs and ignoring the risk linked to such a large concentration...

businessNews reuters.com

Asia shares scale decade top on China optimism, dollar in doldrums

SYDNEY (Reuters) - Asian shares scaled a decade peak on Tuesday after a survey of Chinese manufacturing proved surprisingly upbeat, while the euro lurked within striking distance of its 2017 top against an ailing U.S. dollar.

companyNews reuters.com

GLOBAL MARKETS-Asia shares scale decade top on China optimism, dollar in doldrums

* Oil prices recoup early losses to hit highest since mid-2015

Deaths (Fatalities) nytimes.com

Laughter, Then Horror, as Flames Engulfed Upscale Mumbai Restaurants

The fire at two restaurants on Friday killed 14 people. Patrons said the establishments had no fire alarms, sprinklers or clear emergency exits.

PersonalFinance reuters.com

Financier Tilton defeats lawsuit by Zohar funds she founded

NEW YORK (Reuters) - Lynn Tilton, the colorful New York financier recently cleared of wrongdoing in a U.S. Securities & Exchange Commission fraud case, won another legal victory on Friday as a...

PersonalFinance reuters.com

Citigroup follows Morgan Stanley, UBS, quits recruiting pact: bank

NEW YORK (Reuters) - Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street's biggest securities brokerages to not sue each other when a...

environmentNews reuters.com

Canada scales back New Year's Eve party due to extreme cold

CALGARY, Alberta (Reuters) - Bitterly cold conditions have prompted authorities across Canada to issue extreme weather alerts, including one in the nation's capital Ottawa, where the government scaled back a New Year's Eve party and moved a hockey tournament indoors.

Fires and Firefighters nytimes.com

Fire at Restaurant in Upscale Mumbai Building Kills at Least 14

A fire engulfed two rooftop restaurants in Mumbai on Friday, killing at least 14 people. The police filed criminal complaints against restaurant managers.

PersonalFinance reuters.com

U.S. stock funds attract most cash since 2014: Lipper

NEW YORK (Reuters) - Investors poured $24.1 billion into U.S.-based stock funds during the latest week, Lipper said on Thursday, sending a gift to equity markets already on pace to record a year of...

PersonalFinance reuters.com

Noosa founder Koel Thomae found her dream in a spoon of yogurt

NEW YORK (Reuters) - It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career.

PersonalFinance reuters.com

Biggest withdrawal in four months hits U.S. domestic stock funds: ICI

NEW YORK (Reuters) - U.S. fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic...

PersonalFinance reuters.com

Column: 2018, the year of the active fund manager?: McGeever

LONDON (Reuters) - After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs.

PersonalFinance reuters.com

Henry Cisneros gives life lessons on building dreams

NEW YORK (Reuters) - Henry Cisneros has spent his life working to improve U.S. cities, first as San Antonio’s City Councilor in the 1970’s, then as the city’s mayor for eight years and then as the...

Pirro, Jeanine nytimes.com

Jeanine Pirro of Fox News Helps an Old Friend: President Trump

After a White House visit, the Fox News host has called for the firing of Robert Mueller and said F.B.I. agents should be “taken out in cuffs.”

PersonalFinance reuters.com

Ski slopes and beaches forgotten: tax takes precedence

NEW YORK (Reuters) - There will be no holiday slowdown this year for tax consultant Jonathan Traub, who skipped hitting the ski slopes with his family and hunkered down in his Colorado condo to prep...

PersonalFinance reuters.com

U.S.-based equity funds post $22 billion of outflows, largest withdrawals in 2017

NEW YORK (Reuters) - U.S.-based equity funds posted $22.2 billion of outflows in the week ended Dec. 20, the largest cash withdrawals for 2017, according to Lipper data on Thursday.

environmentNews reuters.com

Ireland gives Trump golf course green light for scaled-down sea wall

DUBLIN (Reuters) - Ireland on Thursday gave the green light for a company owned by U.S. President Donald Trump to build a scaled-down sea wall at its golf course in the west of Ireland that environmental groups say could damage protected wildlife habitats.

PersonalFinance reuters.com

Your Money: Get ready for a flood of difficult divorces in 2018

NEW YORK (Reuters) - Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a sigh of relief. The final tax overhaul bill gives them until the end of...

worldNews reuters.com

Moscow says it was London's decision to scale back UK-Russia dialogue

MOSCOW (Reuters) - The decision to scale back British-Russian dialogue was a groundless and untimely decision by London, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday, on the eve of British foreign minister Boris Johnson's visit to Moscow.

PersonalFinance reuters.com

Column: With U.S. life expectancy gains down, tax bill will make things worse

CHICAGO (Reuters) - The Republican tax bill approved by Congress this week will create financial headaches for millions of taxpayers trying to navigate all the new rates and rules.

PersonalFinance reuters.com

A Model Life: How Petra Nemcova transformed tragedy into joy

NEW YORK (Reuters) - If Petra Nemcova's life were a movie plot, nobody would believe it.

cnn.com

Senior White House adviser promoted conspiracy theories on the radio

A White House senior adviser at the Department of Homeland Security promoted several far-right conspiracy theories in past radio appearances, a CNN KFile review has found.

PersonalFinance reuters.com

U.S. tax overhaul requires new math for 529 savings plans

NEW YORK (Reuters) - Families with children in private or parochial school will be able to tap their college savings plans to pay for up to $10,000 in tuition and other expenses in the new year,...

companyNews reuters.com

UPDATE 2-Cereal demand helps General Mills beat sales estimate

* Raises FY 2018 organic sales forecast (Adds analyst comment, details from conference call; updates share price)

PersonalFinance reuters.com

Column: Student tax breaks survive the tax bill, make the most of them

CHICAGO (Reuters) - If you are going to college, getting extra training for a job, or paying off student loans, there are myriad tax breaks worth thousands of dollars to people burdened by college...

PersonalFinance reuters.com

Tax bill's 'pass-through' rule will aid wealthy, not workers: critics

WASHINGTON (Reuters) - Wealthy business owners, such as President Donald Trump, stand to gain from a provision in the Republican tax bill that creates a valuable deduction for owners of pass-through...

Travel and Vacations nytimes.com

Explorer: In the California Desert: Vast Darkness, Vibrant Music, an Oasis

In Wonder Valley, the silence makes its own kind of noise. And Twentynine Palms makes its own kind of music.

PersonalFinance reuters.com

Hurricane-hit catastrophe bond managers plan new funds

LONDON (Reuters) - Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year's hurricanes and wildfires.

PersonalFinance reuters.com

Investor equity valuation worries grow - BAML survey

LONDON (Reuters) - Two-thirds of investors believe U.S. tax cuts will boost equity markets, which are already increasingly seen as over-valued, a monthly survey by Bank of America Merrill Lynch...

PersonalFinance reuters.com

Work hard, play hard: Life lessons from Sammy Hagar

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

PersonalFinance reuters.com

Massachusetts and NY probing MetLife over unpaid pensions

(Reuters) - Regulators in Massachusetts and New York State said on Monday they are probing MetLife Inc after the insurer revealed last week it had failed to pay pensions to potentially thousands of...

PersonalFinance reuters.com

Ethical investors tightening screws on emerging-market debt issuers

LONDON (Reuters) - For years, the Brazilian mining conglomerate Vale was a darling of emerging market investors, who were happy to ignore the company's poor record on environmental and social issues...

PersonalFinance reuters.com

Amundi to absorb MiFID research costs

(Reuters) - French asset manager Amundi no longer plans to ask clients to pick up the bill for external investment research when new European Union rules come into force in January, a spokesman said...

PersonalFinance reuters.com

As California fires blaze, homeowners fear losing insurance

(Reuters) - California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage.

PersonalFinance reuters.com

U.S. taxpayers rush to claim deductions under threat from tax bill

NEW YORK (Reuters) - Financial advisers and accountants are working overtime as many U.S. taxpayers scramble to pay the rest of their 2017 taxes before Jan. 1 when the proposed Republican tax...

environmentNews reuters.com

Break in winds helps California battle historic wildfire

VENTURA, Calif. (Reuters) - Calming winds on Sunday helped firefighters slow the spread of a California wildfire that already ranks as the third largest in state history, having scorched 270,000 acres (109,000 hectares) along the scenic Pacific Coast north of Los Angeles.

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...

companyNews reuters.com

BRIEF-Kingold Jewelry Inc's Unit Enters Trust Loan Agreement

* SAYS ON DEC 1, CO'S UNIT ENTERED INTO A TRUST LOAN AGREEMENT OF RMB 1 BILLION WITH ZHESHANG JINHUI TRUST

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.

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).

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.

technologyNews reuters.com

Finisar deal helps Apple block rivals' path to AR features

SAN FRANCISCO (Reuters) - Apple Inc's $390 million deal with chip supplier Finisar Corp announced on Wednesday helps lock in the supply of a component that Apple believes will play a big role in its future products by bolstering augmented reality features.

companyNews reuters.com

BRIEF-Western Alliance Bancorp Says Ken Vecchione Will Be Promoted To CEO In Q1 2018

* WESTERN ALLIANCE BANCORPORATION DETAILS TIMING FOR CEO ROLE TRANSITION IN 2018

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...

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...

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...

companyNews reuters.com

MOVES-Citi promotes Davison in FIG reshuffle in EMEA

LONDON, Dec 13 (IFR) - Citigroup has promoted Piers Davison to co-head its financial institutions group in Europe, Middle East and Africa, as part of a raft of changes in the FIG business at its corporate and investment bank.

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.

businessNews reuters.com

Wall Street scales higher on tech gains; Fed's rate decision awaited

(Reuters) - Wall Street indexes advanced on Wednesday as technology stocks gained and traders took positions, overlooking concerns of benign inflation ahead of a likely interest rate hike by the Federal Reserve later in the day.

cnn.com

Opinion: A devastating loss for Trump in Alabama

President Donald Trump should be sweating after the shocking outcome in Alabama's special election. Roy Moore's defeat is a huge blow to him personally and to the GOP as a party.

vis-multimedia nytimes.com

Artist Flees Beijing After Filming Devastation of Mass Evictions

Hua Yong, a painter, has shot and posted online dozens of videos documenting the forced removal of thousands of migrant workers from Beijing.

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...

companyNews reuters.com

Irish start-up helps local shops compete with online giants

LONDON, Dec 12 (Reuters) - Pointy, a Dublin-based firm with Silicon Valley backers, is solving the problem of how to make it easier for people to find products they want close to home, as shopping online gets easier but locating what you want locally remains elusive.

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...

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...

companyNews reuters.com

Angelo, Gordon promotes top executives amid succession planning

BOSTON, Dec 11 (Reuters) - Investment firm Angelo, Gordon is promoting two senior executives to co-chief investment officers to work alongside the firm's co-founder, Michael Gordon, as the firm prepares for an eventual generational change.

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.

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...

Terrorism nytimes.com

How ISIS Produced Its Cruel Arsenal on an Industrial Scale

When the Islamic State seized territory in Iraq and Syria, it had the time and space to industrialize advanced weapons manufacturing. The results included explosive space heaters and chemical rockets.

sportsNews reuters.com

Altidore goal helps propel Toronto FC to first MLS Cup

TORONTO (Reuters) - Jozy Altidore's second half goal helped propel a relentless Toronto FC to a 2-0 victory over the Seattle Sounders on Saturday to claim their first Major League Soccer championship after a gut-wrenching loss in last year's final.

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.

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.

businessNews reuters.com

Brexit deal helps U.S. futures bounce

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotiations.

companyNews reuters.com

US STOCKS-Brexit deal helps U.S. futures bounce

Dec 8 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotiations.

cnn.com

Out-of-control wildfires devastate California

Four major wildfires are torching the Los Angeles area

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'...

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,

businessNews reuters.com

Broadcom helps lift Nasdaq; S&P, Dow slip

(Reuters) - Gains in chipmaker Broadcom and yogawear maker Lululemon helped lift the Nasdaq at the open on Thursday, while the S&P 500 and the Dow were slightly lower.

companyNews reuters.com

US STOCKS SNAPSHOT-Broadcom helps lift Nasdaq; S&P, Dow slip

Dec 7 (Reuters) - Gains in chipmaker Broadcom and yogawear maker Lululemon helped lift the Nasdaq at the open on Thursday, while the S&P 500 and the Dow were slightly lower.

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.

environmentNews reuters.com

China scales back northern gas push to avert heating crisis

BEIJING (Reuters) - Beijing scaled back its plan to convert northern cities to cleaner fuel this winter after provinces warned of gas shortages, residents struggled to keep warm and reports of freezing classrooms deepened concerns about a heating crisis.

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...

companyNews reuters.com

Alaskan oil lease sale brings few bids despite vast territory offered

ANCHORAGE, Alaska, Dec 6 (Reuters) - An oil-and-gas lease sale that raised concerns with environmentalists due to the vast amount of acres offered in Arctic Alaska drew few bids on Wednesday, government officials said.

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.

companyNews reuters.com

BRIEF-Finjan Files Complaint Against Zscaler For Patent Infringement

* FINJAN FILES A COMPLAINT AGAINST ZSCALER, INC. FOR PATENT INFRINGEMENT IN THE NORTHERN DISTRICT OF CALIFORNIA

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...

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?

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.

cnn.com

Drugmaker paid doctors with problem records to promote its pill

One physician had his prescription pad taken away after he repeatedly failed tests assessing his competency.

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-‍Reservoir Capital Partners Sells about 2.9 Million Shares Of Aspen Aerogels Inc's Common Stock On Nov 30

* ‍RESERVOIR CAPITAL PARTNERS LP​ REPORTS SALE OF 2,895,981 SHARES OF ASPEN AEROGELS INC'S COMMON STOCK ON NOV 30 - SEC FILING Source text: (http://bit.ly/2zKqz2N) Further company coverage:

topNews reuters.com

South Korea, U.S. kick off large-scale air exercise amid North Korean warnings

SEOUL (Reuters) - South Korea and the United States launched large-scale joint aerial drills on Monday, officials said, a week after North Korea said it had tested its most advanced missile as part of a weapons programme that has raised global tensions.

companyNews reuters.com

MIDEAST STOCKS-Yemen helps Saudi rise for eighth day, Qatar rebounds on FX

* Saudi market also buoyed by easing concern about graft probe

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...

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...

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.

businessNews reuters.com

GM plans large-scale launch of self-driving cars in U.S. cities in 2019

SAN FRANCISCO/DETROIT (Reuters) - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.

cnn.com

One year, three devastating hurricanes

The 2017 hurricane season may end up being the most expensive ever. Here's a look back.