Wednesday 24 October 2018

Top U.S. funds seek sunset rules on dual-class share listings

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Top U.S. funds seek sunset rules on dual-class share listings

A trade group representing top U.S. pension funds and asset managers, including BlackRock Inc and T. Rowe Price Group, will ask stock exchanges to limit how long companies may operate with unequal voting rights for shareholders.

Wealthfront to offer automated financial planning tool for free

Wealthfront, one of the largest digital wealth management startups known as "robo-advisers," will offer its automated financial planning tool for free by the end of the year as it seeks to grow its customer base, it said on Tuesday.

EDL Capital to shift headquarters to Switzerland from London

EDL Capital, the macro hedge fund firm started by Edouard de Langlade, has applied to cancel authorization for its London headquarters, filings with the British regulator showed.

Tariffs begin to take bite out of U.S. corporate earnings growth

U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world's largest economies is starting to weigh on companies ranging from Caterpillar Inc to Ford Motor Co.

PJT Partners hires Sheehan as adviser, CalSTRS names governance head

Leading corporate governance expert Anne Sheehan is joining boutique investment bank PJT Partners as an adviser, the firm's PJT CamberView unit announced on Tuesday.

A passion for makeup drove Urban Decay's Zomnir to cosmetics industry

Wende Zomnir has always had a passion for makeup - as an eighth grader, she was sent home from school for wearing too much. It should come as little surprise that she would grow up to co-found the edgy cosmetics company Urban Decay.

Wells Fargo pays $65 million to settle 'cross-sell' fraud claims with New York

Wells Fargo & Co will pay $65 million to settle claims that it misled investors about its "cross-selling" business strategy, the New York Attorney General's office said on Monday.

Barington pushes for independent chair at Bloomin' Brands

Activist investor Barington Capital Group L.P. on Monday turned up the heat on Outback Steakhouse owner Bloomin' Brands Inc's board by urging it to hire an independent chair to push management to spin off three smaller restaurant chains.

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