Wednesday 1 August 2018

Wells Fargo finds efficiency target elusive as revenue slips

Reuters.com Newsletter

Wells Fargo finds efficiency target elusive as revenue slips

With Wells Fargo & Co's revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank's closely watched efficiency ratio will return to pre-scandal levels.

Greenlight's bet against Tesla crashes fund's second-quarter returns

Billionaire hedge fund manager David Einhorn told investors on Tuesday that a sharp rally in Tesla Inc shares, which he bet against, turned into heavy second-quarter losses at his Greenlight Capital fund, and stuck by his dim outlook for the electric carmaker.

Hedge fund Man Group shares bounce after assets rise in first half

Shares in British hedge fund firm Man Group rose more than 5 percent on Wednesday after it generated higher returns from fees and saw assets under management climb by 4.2 percent in the first half.

Third Point seeks allies to put pressure on Campbell Soup: sources

Activist hedge fund Third Point LLC is meeting with some of Campbell Soup Co's largest shareholders to seek support for changes at the U.S. consumer company, people familiar with the matter said on Tuesday.

DoubleLine's Gundlach: Short-maturity U.S. Treasuries look attractive

Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries "look as good" relative to stocks and long-maturing bonds than they have in a long time.

Our Money: How to wade into the daunting waters of flood insurance

Donna Childs recently bought a home in Rhode Island about 5 minutes from the Pocasset River, and, despite past flooding, everyone told her she did not need flood insurance.

New York University prevails in lawsuit over employee retirement plans

New York University on Tuesday won the dismissal of a class-action lawsuit brought on behalf of thousands of employees who accused the school of mismanaging their retirement plans.

The Beat Goes On: Life Lessons with music producer Andre Harrell

In any history of hip-hop, one name keeps popping up over and over again: Andre Harrell.

Related Videos

Higher oil prices and output boost BP

CBS takes no immediate action on Moonves

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS