Monday, 26 March 2018

Your Money: Cost of a name change after divorce? Priceless

Your Money: Cost of a name change after divorce? Priceless

NEW YORK (Reuters) - I picked a good day to change my name after my divorce - late on a Friday afternoon recently when it was pelting sleet outside.

Battered by Great Recession, underfunded public pensions to persist

CHICAGO (Reuters) - Ten years on from the financial crisis, many U.S. state and local public pension systems are still the worse for wear.

Wall Street jumps at open as trade war fears cool

Wall Street's main indexes surged 1.5 percent at the open on Monday after reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.

Hedge fund Glenview ups stake in Sharpie maker Newell Brands

BOSTON (Reuters) - Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and Elmer's Glue handed activist investor Carl Icahn board seats.

Bank of America pays $42 million fine in New York 'masking' probe

NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.

Funds ask Aviva to make clear preference shares are irredeemable

LONDON (Reuters) - Six large institutional investors said on Friday that Aviva's decision to drop plans to cancel its preference shares addressed most of their concerns, but added issuers of preference shares should make it clear they are irredeemable.

Twenty-First Century Fox replaces Bank of America in Sky lending syndicate

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox has changed the group of banks lined up to help finance its proposed takeover of European pay-TV company Sky, replacing Bank of America with Citibank.

Goldman Sachs CEO says sovereign balance sheets look risky

BOSTON (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product.

Vital Medicare counseling service escapes U.S. budget cuts for now

Catherine Jones lives on $930 a month in Social Security benefits, so every dollar counts for the retired Detroit nurse. Her income is low enough to qualify for a special Medicare program that covers Part B premium copayments and deductibles, but last April, something went wrong. For some reason, Medicare started charging her $134 each month for Part B.

Ackman exits Nike stake with $100 million in profit: source

(Reuters) - Investor William Ackman has stepped out of his Nike sneakers, at least in a financial sense.

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