Reuters Money: August 3, 2017

Click to View in Browser Thursday, August 3, 2017 PwC to pay $1 million to settle Merrill Lynch audit complaint WASHINGTON (Reuters) - Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The future of U.S. caregiving: High demand, scarce workers (The opinions expressed here are those of the author, a columnist for Reuters) Socially responsible investing an expensive taste: James Saft (Reuters) - Other benefits like peace and a livable planet notwithstanding, the financial cost of socially responsible investing appears to be high. U.S. corporate pensions see highest funding level in two years: Wilshire NEW YORK (Reuters) - U.S. corporate pensions' ability to meet future payouts improved to the strongest level in two years July as most of their investments appreciated, led by Wall Street's record run, Wilshire Consulting data released on Wednesday showed. Och-Ziff saw fresh redemptions but performance a bright spot BOSTON (Reuters) - Investors pulled $2.9 billion out of Och-Ziff Capital Management in the last four months but strong returns may prompt a rethink among clients in the future, the hedge fund company's chief executive said on Wednesday. Democrats want to grill Wells Fargo executives about auto insurance WASHINGTON (Reuters) - Democratic lawmakers pushed on Tuesday for another chance to question Wells Fargo & Co's leadership about sales practices after the scandal-hit bank said it forced auto insurance on borrowers who did not need it. Investor Einhorn sees cash burn at Tesla, sticks with short bet BOSTON (Reuters) - Billionaire investor David Einhorn, who has been hurt by his bet against Tesla Inc, said on Tuesday that the electric car maker is over-valued and that the company is not adequately capitalized. Your Money: How college fast-trackers save time and money NEW YORK (Reuters) - For most students, getting their college bachelor's degree takes four years. For some, five. Rockefeller Foundation backs nonprofit ETF startup NEW YORK (Reuters) - The Rockefeller Foundation is helping to finance a startup hoping to build exchange-traded funds for nonprofit organizations and direct the profits back to their causes, officials from the group said with a plan to announce the initiative later on Tuesday. Lack of value fund interest could be another bad omen for Chipotle NEW YORK (Reuters) - More well-publicized incidents at Chipotle Mexican Grill Inc restaurants have pushed the shares down 26 percent over the last three months, but the burrito chain is facing a more subtle threat that could weigh on the stock: it is losing favor with growth fund managers and yet remains too expensive to attract value-oriented funds in their place. Related News Tesla shares rise as investors bet on Model 3 success U.S. jobless claims, layoffs fall as labor market tightens A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook