Reuters - Money

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Thursday, September 7, 2017

Comedian Bob Odenkirk found one answer to Hollywood success

NEW YORK (Reuters) - Going after fame and fortune in Hollywood leads a lot of people right to failure.

Saving hurts, and so do the errors of self-invested plans: James Saft

(Reuters) - A little thought experiment for retirement savers:

Ackman's hedge fund to sell out of Nomad Foods after two-year run

BOSTON/LONDON (Reuters) - Billionaire investor William Ackman has decided to exit his large stake in Nomad Foods, selling out of one of his handful of investments at a time he is waging a proxy fight to push for change at another portfolio company.

Goldman suspends work on U.S. IPO of HNA's Pactera unit: sources

HONG KONG (Reuters) - Goldman Sachs has suspended its preliminary work on a planned U.S. initial public offering (IPO) for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people familiar with the matter told Reuters.

Top investment banks' revenues rise in calmer markets: survey

LONDON (Reuters) - Revenue at the world’s 12 largest investment banks rose in the first six months of 2017 thanks to a stronger performance in the underwriting of debt and equity issues compared with a year ago, a survey showed on Thursday.

U.S. stock funds attract $8.19 billion during last week of August: ICI

NEW YORK (Reuters) - Investors' renewed appetite for risk came back with a vengeance during the last week of August, as equity funds had estimated inflows of $8.19 billion, compared to estimated outflows of $1.81 billion in the previous week, Investment Company Institute (ICI) data showed on Wednesday.

Fed's Fischer exit muddies investors' outlook: Richard Bernstein

NEW YORK (Reuters) - The unexpected resignation of America's No. 2 central banker on Wednesday only complicates decision-making by global investors and business leaders already worried that international economic expansion may be short-lived, according to U.S. money manager Richard Bernstein on Wednesday.

Traders see U.S. debt ceiling risks shift to December

NEW YORK (Reuters) - The U.S. Treasury bill market may have dodged a bullet on Wednesday when President Donald Trump and top Democrats backed a plan to raise the debt ceiling, but it implied that traders believe the risk of a U.S. default has not disappeared - only been deferred to December and beyond.

Falcon Private Bank changes CEO, chairman also leaves

ZURICH (Reuters) - Falcon Private Bank Chief Executive Walter Berchtold has left the Swiss bank and been replaced by board member Martin Keller, while Chairman Christian Wenger is also stepping down, Falcon said on Wednesday.

UBS agrees to scoop up some HSBC clients in Latin America

ZURICH (Reuters) - HSBC has reached an agreement to refer some of its Latin American private banking clients, primarily in Central America and the Andean region, to Switzerland's UBS, according to an internal memo seen by Reuters.