Faced with COVID-19, highest number of Australians tap retirement funds since April
HONG KONG/SYDNEY (Reuters) - Australians asked to pull out more than A$5 billion ($3.5 billion) from their pension funds in the first week of July, the highest since the government granted early access to retirement savings to support a coronavirus-hit economy.
Did Uncle Sam's virus aid help your credit score? Don't count on a loan
NEW YORK (Reuters) - Rachel Levine, a New York-based office furniture saleswoman, lost her job in late March without any notice or severance pay when the coronavirus outbreak shut down most of the city. The married, 44-year-old mom is still out of work, unsure when or whether she will return to her previous job.
Bain Capital extends deadline for Japan's Nichiigakkan bid for second time
TOKYO (Reuters) - U.S. buyout fund Bain Capital said on Thursday it had extended its deadline for a $1 billion buyout offer for Japanese nursing home operator Nichiigakkan Co for a second time.
Mednax CEO, board directors replaced amid settlement with Starboard
BOSTON (Reuters) - Healthcare services company Mednax's
stock price closed up nearly 4% on Monday after its founder and chief executive and several board members were replaced, half a year after activist investor Starboard Value began pressing for change.
Leaf Group investors allege CEO conflicts tainted strategic review
BOSTON (Reuters) - Six major investors in Leaf Group, pushing for the ouster of the content company's chief, said on Monday his strong ties with a board member compromised a recent strategic review of the operator of online brands.
Hedge fund success shaped by launch size, strong first-year returns: data
BOSTON (Reuters) - Starting a hedge fund with more capital and scoring top first-year returns point to higher chances of survival in the often risky business, Goldman Sachs Group Inc said in research released on Friday.
U.S. stock funds see first inflow in four weeks: Lipper
(Reuters) - U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper.
Cannae, Senator hire D.F. King as solicitor in bid for CoreLogic
BOSTON (Reuters) - Cannae Holdings and Senator Investment Group, which are trying to buy property data and analytics company CoreLogic Inc, have hired a proxy solicitor, a source familiar with the matter said on Thursday.
Bond investors wait for more headlines on EU recovery fund
AMSTERDAM (Reuters) - Euro zone bond yields held their ground on Thursday with investors' main focus expected to be any new developments on the European Union's recovery fund, which aims to help the region's economy recover from the coronavirus crisis.
Top-performing U.S. equity funds this year are betting on a transformed world
NEW YORK (Reuters) - U.S. equity funds that were able to best weather the global economic upheaval from the coronavirus pandemic this year are turning to healthcare, e-commerce and electric vehicle stocks as they look ahead to 2021.