Thursday 7 March 2019

JPMorgan backs away from private prison finance

Reuters.com Newsletter

JPMorgan backs away from private prison finance

JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.

BB&T agrees to return funds to investors to settle SEC charges

The top U.S. securities regulator said on Tuesday that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled clients about the cost of advisory services.

BlackRock makes case to own more U.S. TIPS

BlackRock, the world's biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising short-term interest rates in the coming months.

To save time and money, companies roll out caregiving benefits

When Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the caregiving service Cariloop saved her a whole day.

BlueMountain names slate for PG&E board

PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the wake of California's catastrophic wildfires.

U.S. consumer spending, factory data point to weak first quarter GDP growth

U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter.

Your Money: State taxes are too hard for mere mortals to compute

Can regular people calculate their state taxes in light of the new U.S. tax law?

Big U.S. pension funds ask electric utilities for decarbonization plans

Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal.

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