 | | | | An investor group on Thursday called on Exxon Mobil's (XOM.N) board to recruit directors and senior executives with energy and clean fuels experience, echoing calls at the center of an ongoing proxy fight. | | | | | | David Swensen, who spent more than three decades managing one of the world's best performing college endowments as Yale University's chief investment officer, has died of cancer, the university said. | | | | | | A federal court in the United States has authorized the Internal Revenue Service (IRS) to serve a "John Doe Summons" on the crypto exchange Kraken, seeking identities of U.S. taxpayers who have used cryptocurrency, the Department of Justice said on Wednesday. | | | | | | Allstate Corp (ALL.N) on Wednesday posted a first-quarter profit that beat analysts' estimates by nearly 60%, driven largely by investment income and its core insurance businesses. | | | | | | A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc (TSLA.O) are weighing on the performance of ARK Innovation (ARKK.P), the flagship exchange-traded fund managed by star stock picker Cathie Wood that bested all other U.S. equity funds in 2020. | | | | | | Prudential Financial Inc (PRU.N) on Tuesday posted profits that topped analysts' estimates by nearly 50% for the first quarter, boosted by record results in its asset management and retirement business. | | | | | | Private-equity company Blackstone Group Inc (BX.N) said on Tuesday it has hired a Goldman Sachs Group Inc (GS.N) partner to head client services and business development around the world for its hedge fund unit. | | | | | | For some Berkshire Hathaway shareholders a list of post-pandemic challenges including looming inflation, a dearth of acquisitions and more environmental and social disclosure demands are prompting a rethink on Warren Buffett's conglomerate. | | | | | | Robinhood Financial on Monday struck back against comments by Warren Buffett that likened the retail brokerage to a casino that encourages millions of inexperienced day traders to place short-term stock market bets. | | | | | | The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co (WFC.N) to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts that rattled the bank in 2016 and led to billions of dollars in fines and penalties. | | | | | |
