Wednesday, 9 June 2021

Reuters Global Investor: In shift, top U.S. fund group backs sustainability disclosure rules

In shift, top U.S. fund group backs sustainability disclosure rules

An investment industry leader on Monday urged U.S. regulators to require listed companies to disclose greenhouse gas emissions data and worker demographic information, endorsing efforts to make such details available to ordinary shareholders.

MOVES Ex BofA exec Elfring joins JPMorgan as EMEA vice chair -memo

JPMorgan Chase & Co (JPM.N) has tapped a former Bank of America Corp (BAC.N) executive to take on a new role as vice chairman of investment banking for Europe, the Middle East and Africa as it battles for key advisory mandates to dominate a resurgent M&A market.

Activist fund Barington pushes for change at Chico's, again

Activist investor Barington Capital Group on Monday urged Chico's FAS (CHS.N) to explore strategic options for its brands and said the apparel chain's board should add new members to help improve its lagging stock price.

JPMorgan freezes donations to Republicans who contested 2020 election

JPMorgan Chase & Co (JPM.N) will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden's election victory, according to an internal memo on Friday seen by Reuters.

TD Ameritrade limits trading on AMC Entertainment

TD Ameritrade put in place trading limitations on AMC Entertainment Holdings' (AMC.N) shares, the retail brokerage's website showed on Friday.

JPMorgan credit card spending ticks up, modestly helping loan growth

Spending by customers holding JPMorgan Chase & Co (JPM.N) credit cards was up 17% in May over the same period in 2019, bank co-president Gordon Smith said on Thursday.

Retailers, newspapers, printing firms oppose U.S. postal rate hikes

A coalition of retailers, newspapers, printers, greeting card companies and others oppose the U.S. Postal Service plan to hike postage prices for most mail by 7% and called on Congress to direct a new review before the increases take effect.

Rally in emerging market commodity currencies to roll on

Emerging market strategists were cautiously optimistic that the sector's commodity-linked currency rally would continue in coming months, but a much slower pace of vaccine rollouts will keep high-yield seekers nervous, a Reuters poll found on Friday.

With popcorn and tweets, AMC's Aron rides retail investor wave

Free popcorn for shareholders. Following more than 500 die-hard fans of his company's stock on Twitter. Retweeting a video of what appears to be an airplane flying a banner with the meme-stock rallying cry "AMC to the Moon" around Manhattan.

Engine No. 1 extends gains with a third seat on Exxon board

Exxon Mobil Corp (XOM.N) shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company's board, the company said on Wednesday, extending the firm's upset victory at one of America's top energy corporations.

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