NEW YORK (Reuters) - BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich's U.S. presidential campaign, according to a preliminary ruling late on Friday by a securities regulator.
LONDON (Reuters) - Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145 billionaires living in the country.
LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin City" celebrations and more on the grind of vetting fund managers.
WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday.
BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.
NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.
WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.
NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices - on track for their fourth consecutive quarterly gain, the longest such stretch for more than 10 years - are more than a mirage.
GuideStone Capital Management's president tells Reuters' Fred Katayama why he thinks the oil rally may soon run its course. He also advises investors nearing retirement to lower their risk exposure without flocking to bonds.
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