Bhinneka News Online: Reuters Money: June 7, 2017

Wednesday, 7 June 2017

Reuters Money: June 7, 2017

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Wednesday, June 7, 2017

Goldman Sachs boost rates for savers in bid to attract deposits

(Reuters) - U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual bank at the top of the list: Goldman Sachs Group Inc.

Jean Case's journey from needing charity to giving it

NEW YORK (Reuters) - There are some prominent power couples in the world of philanthropy, but Steve and Jean Case might be among the most influential of all.

Jackson National to replace Pimco Total Return with DoubleLine Core

NEW YORK (Reuters) - Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital.

Ex-State Street executive to plead guilty in U.S. to fraud scheme

BOSTON (Reuters) - A former State Street Corp executive has agreed to plead guilty in connection with a scheme to defraud six clients through secret commissions on billions of dollars of trades, according to court papers filed on Tuesday.

Foreign investors to pour nearly $1 trillion into emerging markets in 2017: IIF

NEW YORK (Reuters) - Non-resident capital inflows to emerging markets should reach $970 billion this year, a 35 percent increase from 2016, the Institute of International Finance said in a report released on Tuesday.

Four ways retirement saving is about to change

NEW YORK (Reuters) - Leaving your job soon and rolling over a 401(k) into an IRA? Thinking about buying an annuity? About to call your money manager and allocate this year's Roth contribution?

GM shareholders to decide on Greenlight stock plan, board challenge

(Reuters) - Greenlight Capital's plan to split up General Motors Co's stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their votes on the hedge fund's proposals.

First jobs of Madison Avenue's ad wizards

NEW YORK(Reuters) - Thanks to TV shows like "Mad Men," the advertising world seems to many to be impossibly stylish and full of intrigue.

Column: Watchdogs step up U.S. fight against elder financial fraud

CHICAGO (Reuters) - Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making - and that creates opportunity for financial fraud and abuse targeting the elderly.

Hedge fund Marcato Capital Management posts gains in May

BOSTON (Reuters) - Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year.