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Friday, October 27, 2017

Activist investors scupper $20 billion Clariant-Huntsman merger

ZURICH (Reuters) - Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value.

Risky assets heading for best year: BAML

LONDON (Reuters) - Voracious investor appetite is set to make this by far the strongest year for inflows into stocks and corporate debt, Bank of America Merrill Lynch strategists said on Friday.

Global insurers look to raise rates after catastrophic quarter

(Reuters) - Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record.

Oh, behave: How to make sense of behavioral ETFs

NEW YORK (Reuters) - Can you make serious money by capitalizing on human foibles?

Medicare should warn enrollees on steep late sign-up penalties

CHICAGO (Reuters) - For many Americans entering retirement, it comes as an unwelcome surprise: Medicare premiums become much more expensive if you do not sign up on time.

U.S. Treasury pushes back on bank-like rules for asset managers, insurers

WASHINGTON (Reuters) - The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as “too big to fail” and slapped with additional oversight under the administration of President Donald Trump.

Volatility fails to scare investors in U.S. stock, bond funds: Lipper

NEW YORK (Reuters) - Investors endured jolts to both stocks and bonds, pouring even more cash into funds tracking both markets during the latest week, according to Lipper data released on Thursday.

Former FireEye CEO joins cyber venture fund Allegis

(Reuters) - Technology executive Dave DeWalt has joined early-stage cyber-security venture capital firm Allegis Capital as a managing director, the fund said on Thursday, as it looks to invest more in companies closer to going public.

U.S. muni bond funds post $262 million in inflows: Lipper

U.S. municipal bond funds reported $262 million of net inflows in the week ended Oct. 25, compared with $536.2 million in inflows in the previous week, according to data released by Lipper on Thursday.

FINRA's head of regulatory operations Axelrod to step down

NEW YORK (Reuters) - The Financial Industry Regulatory Authority said on Thursday that Susan Axelrod, its executive vice president for regulatory operations, is leaving the securities industry self-regulator for a job in the private sector early next year.