Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data
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
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.
In next war, soldiers will leave their smartphones at home: Peter Apps
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.
Risk of pension meltdown grows due to inaction by U.S. Congress
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.
How risky ETFs won the decade - and why they might not repeat that performance
Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%, despite warnings that they are not suitable for most investors.
Activist hedge fund Marcato Capital to shut down after drop in assets
Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday.
U.S. retirement legislation aims to improve workplace saving, income options
(The opinions expressed here are those of the author, a columnist for Reuters.)
Local hero: Florida hotelier Harris Rosen keeps his giving close to home
Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune.