Goldman Sachs profit rises 44 percent
(Reuters) – Goldman Sachs Group Inc (GS.N) reported a 44 percent rise in second-quarter profit on Tuesday, driven by strength in its investment banking and fixed income trading businesses. FILE…
Icahn sells some of his Herbalife shares, remains biggest investor
BOSTON (Reuters) – Billionaire investor Carl Icahn said on Friday that he sold some of his shares in Herbalife (HLF.N) as the nutrition and weight loss company bought back some…
ISS sides against two Tesla directors, backs split of Musk’s roles
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc (TSLA.O) directors Antonio Gracias and James Murdoch, increasing pressure on the car…
Proxy adviser ISS recommends votes against two Tesla directors
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services recommended on Friday that investors cast proxy votes against Tesla Inc (TSLA.O) directors Antonio Gracias and James Murdoch. FILE PHOTO: A Tesla…
Big proxy adviser ISS does not support Facebook’s Zuckerberg in proxy vote
BOSTON (Reuters) – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of…
Sober in Sin City: Hedge funds focus on work at Las Vegas event
LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on…
BlackRock may keep fees despite executive’s U.S. campaign donation: SEC
NEW YORK (Reuters) – BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich’s U.S. presidential campaign,…
Chemicals boss Ratcliffe tops Sunday Times Rich List
LONDON (Reuters) – Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among…
Wells Fargo on track for $4 billion in expense reductions
BOSTON (Reuters) – Wells Fargo & Co (WFC.N) on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019, and that the aftertax…
Lack of Wall Street back-office deters mainstream crypto investments
NEW YORK (Reuters) – Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class. FILE PHOTO:…