Thursday 10 May 2018

Happy Mother's Day - paying the 'motherhood penalty'

Happy Mother's Day - paying the 'motherhood penalty'

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

U.S. bond funds take in cash for eleventh straight week: ICI

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

Majority of Sturm Ruger investors vote for gun-safety report

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

CalSTRS opts to engage assault weapon retailers, not immediate divestment

(Reuters) - The California State Teachers' Retirement System decided on Wednesday to publicly engage retailers of military-style assault weapons in the wake of public outcry over mass shootings, as opposed to immediately reducing investments in these companies.

Australia's AMP feels shareholder wrath over misconduct

SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd faced an investor revolt at its annual meeting on Thursday, with shareholders voting overwhelmingly against its executive pay plans in the wake of damaging revelations of board-level misconduct.

Exclusive: World's biggest gold ETF launching new low-fee fund - source

LONDON (Reuters) - The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters.

Soros Fund Management hires ex Citadel trader: sources

BOSTON (Reuters) - Lucy DeStefano, former head of trading at hedge fund Citadel's Aptigon unit, is set to join Soros Fund Management later this year, two sources familiar with the matter said.

Go to Omaha, young man: Chinese investors flock to Buffett

OMAHA, Neb. (Reuters) - China's growing middle class is becoming a bigger force in global tourism. For a case in point, look no further than Nebraska the week of the Berkshire Hathaway Inc annual shareholders' meeting.

In Omaha, preparing for change at Berkshire Hathaway

OMAHA, Neb. (Reuters) - The first question Warren Buffett was asked at Berkshire Hathaway Inc's annual meeting on Saturday was whether he was "semi-retired," having given four lieutenants oversight over the company's operating businesses and some investments.

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