Race bias lawsuit against Morgan Stanley sent to private arbitration

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Race bias lawsuit against Morgan Stanley sent to private arbitration

A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday.

Exclusive: Third Point demands Campbell Soup board records

Activist investor Daniel Loeb's hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace the company's board of directors, according to a letter seen by Reuters.

Fall season means it is time to tune up your Medicare coverage

If you are not happy with your Medicare coverage, now is the time to make a change.

Hedge fund Highfields to shut down, founder says in client letter

Hedge fund Highfields Capital Management is shutting down amid a period of lackluster returns and as its founder said he needs a change after two decades of managing money for prominent clients including Harvard University.

U.S. money market assets decreased in latest week: iMoneyNet

U.S. money market fund assets decreased by $15.04 billion to $2.834 trillion in the week ended Oct 2, the Money Fund Report said on Wednesday.

Hudson Bay Capital holds short position on Tesla stock

U.S. hedge fund Hudson Bay Capital Management holds a short position in shares of automaker Tesla Inc, its chief executive said on Wednesday.

Eyes on the Prize: First jobs of famous photographers

A photograph can capture the mood of a nation or seminal moments in history in a single frame.

Hedge fund Olympic Peak plans to short AT&T bonds

U.S. hedge fund Olympic Peak Management's founding partner said on Wednesday he planned to short AT&T's debt when the fund launches in January, citing increasing competition and high leverage that may ultimately lead to a credit ratings downgrade.

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