Friday 30 June 2017

Reuters Money: June 30, 2017

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Friday, June 30, 2017
U.S. SEC to allow firms to file confidential draft statements before IPOs
(Reuters) - The U.S. Securities and Exchange Commission said on Thursday it was expanding the Jumpstart Our Business Startups (JOBS) Act, by allowing all public companies to file confidentially prior to initial public offerings, in a move designed to revitalize the IPO market.
Senate health bill would decimate long-term care coverage
CHICAGO (Reuters) - When Americans think about retirement planning, long-term care usually is a major blind spot - few of us want to contemplate the possibility of infirmity and dependency in old age. But we would do well to think about it now, as the Senate Republicans take a holiday weekend pause in their push to dismantle the Affordable Care Act.
In New York, France promises English-law contracts after Brexit
NEW YORK (Reuters) - France will set up a special court to handle English-law cases for financial contracts after Britain leaves the European Union, Finance Minister Bruno Le Maire said on Thursday as Paris steps up its charm offensive to attract banks.
Chatty billionaire Ackman grabs bigger megaphone with Twitter account
BOSTON (Reuters) - Billionaire investor William Ackman, one of the hedge fund industry's most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks, just got himself an even bigger megaphone: a Twitter account.
Goldman heads list of top AsiaPac equity deal underwriters in first half
HONG KONG (Reuters) - Asia-Pacific equity capital markets (ECM) activity firmed 7 percent in the first half of 2017, as a sharp increase in IPOs offset a decline in the sale of existing shares, preliminary Thomson Reuters data showed.
HQ Capital names Jeremy Katz co-head of its real estate group
(Reuters) - Independent investment management firm HQ Capital named Jeremy Katz as a co-head of its real estate group.
Your Money: Sharing family getaways without any cottage conflicts
NEW YORK(Reuters) - Picture it: 40 picturesque acres nestled in Wisconsin lake country.
U.S. housing stocks may rally as millennials age: Smead
NEW YORK (Reuters) - Stocks of large U.S. home builders and building materials companies are poised to rise as millennials age and need housing, according to Bill Smead, the chief executive of Smead Capital Management.
Your Money: How many college savings buckets do you need?
NEW YORK (Reuters) - Like many financially savvy parents, Jim Stehr started a college savings account for his son at birth. When Stehr's second and third children came along, he opened accounts for them too.
California moves forward on letting customers sue banks, inspired by Wells Fargo
WASHINGTON (Reuters) - California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year's Wells Fargo scandal passed a key Assembly committee.
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