New York court dismisses whistleblower's libel suit against UBS
ZURICH (Reuters) - A New York appeals court has dismissed a U.S. whistleblower's $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least "substantially true".
Why pessimism on Social Security could come back to bite millennials
CHICAGO (Reuters) - Why does the word âoldâ come to mind for so many of us when the topic of Social Security comes up? Â
First net inflows into global equities in 10 weeks: BAML
LONDON (Reuters) - Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets.
D.E. Shaw's top shareholder activist Koffey leaves hedge fund
(Reuters) - Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday.
Hedge fund manager David Tepper plans to send investors' money back
BOSTON (Reuters) - Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said on Thursday.
Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
WASHINGTON (Reuters) - From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.
Investors continue four-week retreat from U.S. stock market
NEW YORK (Reuters) - Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data released Wednesday by the Investment Company Institute.
'Toxic cocktail' brewing for U.S. asset managers: hedge fund investor Kass
(Reuters) - Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to feel disruption" and may be headed for large share price falls.
Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
SAO PAULO (Reuters) - U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters.
Your money: Cosigning a student loan? Be prepared to pay
(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.)