Wednesday, 10 May 2017

Reuters Money: May 10, 2017

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Wednesday, May 10, 2017
Buffett's fledgling biBERK pursues online insurance 'experiment'
OMAHA, Neb. (Reuters) - It has been decades since anyone thought of Warren Buffett's Berkshire Hathaway Inc , or even its insurance operations, as "very, very small."
Property, merger bets dominate picks at Sohn conference
NEW YORK (Reuters) - Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas.
Q&A: Mother-daughter charity team has that Pittsburgh Steelers spirit
NEW YORK(Reuters) - As part-owner of the Pittsburgh Steelers, Cindy Citrone had the connections to get help when she wanted to raise awareness for organ donation. She got the National Football League team to sign on to a fundraising campaign, and got the city's pro baseball and hockey teams, the Pirates and Penguins, on board as well for an upcoming all-Pittsburgh effort to get more people screened as potential organ donors.
Nasdaq short interest up 0.5 percent in late April
NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.5 percent in the second half of April, the exchange said on Tuesday.
SEC's Piwowar warns that 'SAFE' investments may not be so safe
WASHINGTON (Reuters) - A U.S. securities regulator is warning retail investors to tread carefully before putting money into a risky new type of start-up financing vehicle that may never provide a return on their investment.
Prudential Financial shareholders approve 2016 executive pay
(Reuters) - Prudential Financial Inc shareholders on Tuesday approved the company's compensation for executives and sided with directors in rejecting a proposal that would require an independent board chairman.
Ackman pitches Howard Hughes, citing management and real estate locations
NEW YORK (Reuters) - Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time.
DoubleLine's Gundlach suggests buying emerging markets ETF
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said on Monday that investors should buy the iShares MSCI Emerging Markets exchange-traded fund, short an ETF tracking the S&P 500, and leverage it one time.
Greenlight's Einhorn calls Core Labs shares 'way overvalued'
NEW YORK (Reuters) - Billionaire investor David Einhorn on Monday called energy services provider Core Laboratories substantially overvalued and said its share price could drop to $62.
Speculators slashed U.S. rate hike bets before FOMC, jobs data
NEW YORK (Reuters) - Speculators abandoned their bets on rising U.S. interest rates in the futures market just days before the Federal Reserve's decision this month to leave rates unchanged and the release of an upbeat April payrolls report.
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