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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters: Money

Fidelity names tech executive Neff to run asset management

Fri, Nov 16, 2018

Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies. ...

Eaton Vance's Gaffney sees opportunity in emerging market-denominated bonds

Fri, Nov 16, 2018

There are untapped opportunities in corporate debt securities denominated in emerging-market currencies, Eaton Vance's director of diversified fixed-income said at the Reuters Global Investment 2019... ...

Tired of house calls, Alli Webb built a Drybar styling empire

Fri, Nov 16, 2018

A decade ago, Alli Webb was a hair stylist who made house calls, driving all over Los Angeles to shampoo, style, and blow-dry clients’ hair before big nights out. ...

Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

Thu, Nov 15, 2018

Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government... ...

Wells Fargo plans 1,000 U.S. job cuts

Thu, Nov 15, 2018

Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions. ...

DoubleLine Capital LP warns on U.S. investment-grade bonds

Thu, Nov 15, 2018

DoubleLine Capital LP portfolio manager Monica Erickson has a problem. She thinks the investment-grade corporate bond market, which is her specialty, is the worst place to be for bond investors. ...

U.S. big investors' best investment ideas for 2019

Thu, Nov 15, 2018

The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this... ...

Third Point gains ISS, Glass Lewis support in Campbell proxy fight

Thu, Nov 15, 2018

Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co , including replacing some board members. ...

How U.S. seniors on Medicare can bridge the gap in dental insurance

Thu, Nov 15, 2018

During a recent visit to my dentist, we got talking about his frustrations with Medicare. “It’s amazing - they have managed to eliminate teeth from the human body.” ...

PG&E rout may be hitting hedge funds after raised bets before fire

Wed, Nov 14, 2018

Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp's tumbling share price after raising bets on the utility in the months ahead... ...