Friday 7 December 2018

Employee rights group says Wells Fargo declined planned meeting

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Employee rights group says Wells Fargo declined planned meeting

A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by Reuters.

BlackRock's Rieder buying longer-term bonds as Fed pause seems likely

BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this week.

First steps towards a life of giving back

Here is some good news to hold onto this holiday season: Americans are giving more than ever.

DoubleLine's Gundlach says Treasuries point to economy ready to weaken

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken."

U.S. top court signals it will buttress anti-fraud securities laws

U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal by a New York investment banker who had been banned from the industry.

Moelis hires from BlackRock, hedge fund for activist defense team

Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies facing activist shareholders.

Can better cancer care lower company's health costs?

When companies try to tackle rising healthcare costs, shifting more of the burden to employees is increasingly the strategy of choice.

Losses at Einhorn's hedge fund Greenlight grow in November

Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year.

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