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Reuters: Money

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Channel Title: Reuters: Money
Channel Website: http://www.reuters.com

Channel Description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

 
Ackman apologizes for Valeant losses, calls bet a mistake
BOSTON (Reuters) - Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was "deeply and profoundly sorry"...
...read more

Of pretentious hedge fund names and bad results: James Saft
(Reuters) - You probably already knew that hedge fund names are intended to impress, or even better to confuse just enough to make you stop asking questions, but most of all to inspire confidence.
...read more

U.S. money market assets increased in latest week: iMoneyNet
NEW YORK (Reuters) - U.S. money market fund assets increased by $5.47 billion to $2.632 trillion in the week ended March 28, the Money Fund Report said on Wednesday.
...read more

BlackRock cuts fees and jobs; stockpicking goes high-tech
NEW YORK (Reuters) - BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that...
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Wells Fargo to pay $110 million to settle lawsuit over account abuses
(Reuters) - Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that...
...read more

SEC denies a second application to list bitcoin product
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday denied for the second time this month a request to bring to market a first-of-its-kind product tracking bitcoin, the...
...read more

Bacardi family spirit: Remember your roots and be frugal
NEW YORK (Reuters) - Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio of more than...
...read more

Your Money - Being 26: A money checkup for biggest U.S. age group
NEW YORK (Reuters) - Callan Olive is about as adult as you can get for a 26-year-old.
...read more

Morgan Stanley rates Banco BTG Pactual stock 'overweight'
SAO PAULO (Reuters) - Grupo BTG Pactual SA's stock is undervalued based on its ability to outperform peer banks in Latin America, where investment-banking and asset management activities remain...
...read more

Citadel rehires Yeh as head of its quant unit
BOSTON (Reuters) - Hedge fund Citadel said it is making changes at the top of its global quantitative division by bringing back James Yeh to replace the current head who is retiring.
...read more

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