Money News

  • Which company just hit $1 trillion? Google it.

    NEW YORK (Reuters) - As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.

  • Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

    NEW YORK (Reuters) - Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday.

  • ValueAct's Ubben cheers BlackRock's new stance on climate change

    NEW YORK (Reuters) - Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies to tackle climate change or face his wrath.

  • Your money: Avoid divorce money regrets by taking control now

    NEW YORK (Reuters) - Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that by five years after a divorce, most people feel recovered from the psychological and financial blows.

  • In next war, soldiers will leave their smartphones at home: Peter Apps

    LONDON (Reuters) - As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering the region were told to leave smartphones and personal devices in the United States.

  • 'Green is good.' Is Wall Street's new motto sustainable?

    NEW YORK (Reuters) - If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

  • Risk of pension meltdown grows due to inaction by U.S. Congress

    CHICAGO, Jan 7 (Reuters) - The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.

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