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Daily News

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

Reuters: Money

Hedge fund Fir Tree puts $410 million dislocation fund to work

Fri, Mar 27, 2020

After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market and other securities, sure the... ...

Your Money: The one document Americans need now - Power of attorney

Fri, Mar 27, 2020

If you live in the United States and really want to be prepared for coronavirus, experts say you need a fully executed power of attorney, which designates a trusted person to take over your finances... ...

Ackman says TV interview did not lead to profit on trades

Fri, Mar 27, 2020

Billionaire investor William Ackman said a CNBC television interview he gave last week was not designed to profit from any trades, dismissing some media speculation he had purposely pushed markets... ...

Column: How the $2 trillion U.S. coronavirus relief bill impacts retirement savers

Fri, Mar 27, 2020

The $2 trillion economic stimulus package racing toward passage in the U.S. Congress contains several important relief provisions for retirees, and for younger workers saving for retirement. ...

Settlement talks between First United, Driver Management break down

Thu, Mar 26, 2020

Talks between First United Corp and Driver Management to settle a fight for board seats at the bank holding company broke down when the activist investor rejected the offer, two sources familiar with... ...

U.S. cruise line company Lindblad names directors backed by ValueAct to its board

Thu, Mar 26, 2020

Lindblad Expeditions on Thursday said it named two independent directors backed by activist investment firm ValueAct Capital, which owns a nearly 10% stake in the adventure cruise company, to its... ...

Pay for cleaners, babysitters and dogwalkers hangs in the balance

Wed, Mar 25, 2020

Lily Reiche has lost nearly half of her dogwalking clients in Los Angeles because of California's coronavirus stay-at-home order. Of the 40 or so accounts at My Dog Spot, which dried up because... ...

New CEO pay limits loom as investors confront coronavirus crisis

Wed, Mar 25, 2020

The havoc wrought by the coronavirus crisis could give investors leverage to put new limits on CEO pay packages and link them more closely to a range of social and environmental issues at companies'... ...

White House not considering three-month tariff deferral: Navarro

Tue, Mar 24, 2020

The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic... ...

BNY Mellon money fund gets capital infusion after 'shadow price' falls

Tue, Mar 24, 2020

A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S.... ...