Bhinneka News Online: Reuters Money: August 4, 2017

Friday, 4 August 2017

Reuters Money: August 4, 2017

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Friday, August 4, 2017

Republican U.S. senator looking into Wells Fargo insurance scandal

WASHINGTON (Reuters) - Republican Senator Jerry Moran said on Thursday he is seeking additional information on recent revelations that Wells Fargo & Co enrolled unknowing borrowers in costly auto insurance, putting more pressure on the bank whose reputation is already marred by previous sales practices.

Q&A: Canada tries trading marijuana in new ETF

NEW YORK (Reuters) - You can smoke it or eat it, and now in Canada, you can trade it in your stock portfolio.

First Jobs: Very small roles for future Broadways stars

(The writer is a Reuters contributor. The opinions expressed are his own)

Ex-Millennium trader Langlois preps new hedge fund: sources

LONDON (Reuters) - Former Millennium Capital Partners and Brevan Howard Asset Management trader Arnaud Langlois is preparing to launch equities hedge fund Terreneuve Capital, two sources familiar with the matter told Reuters.

The future of U.S. caregiving: High demand, scarce workers

(The opinions expressed here are those of the author, a columnist for Reuters)

U.S. taxable bond funds attract cash for fourth straight week: Lipper

NEW YORK (Reuters) - Investors poured $1.8 billion into U.S.-based taxable bond funds during the latest , marking the fourth straight week of inflows into the funds, Lipper data showed on Thursday.

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.

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.

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.

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.