Tuesday 20 November 2018

Former energy executive David Crane is on a mission to save the planet

Reuters.com Newsletter

Former energy executive David Crane is on a mission to save the planet

What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by investing in solar power and electric vehicle charging networks.

Is impact investing too good to be true?

There is more to socially responsible investing than just avoiding stocks that are against your principles, whether it be guns or tobacco or bad environmental practices.

Hedge funds' historic bond bet swing suggests Fed close to cycle end: McGeever

A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is near the end of its rate-raising cycle.

Fidelity names tech executive Neff to run asset management

Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies.

Eaton Vance's Gaffney sees opportunity in emerging market-denominated bonds

There are untapped opportunities in corporate debt securities denominated in emerging-market currencies, Eaton Vance's director of diversified fixed-income said at the Reuters Global Investment 2019 Outlook Summit on Friday.

Tired of house calls, Alli Webb built a Drybar styling empire

A decade ago, Alli Webb was a hair stylist who made house calls, driving all over Los Angeles to shampoo, style, and blow-dry clients' hair before big nights out.

Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government charges of fraud involving Malaysia's state controlled investment bank, 1MDB.

Wells Fargo plans 1,000 U.S. job cuts

Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.

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