 | | | | PG&E Corp shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner's board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the wake of catastrophic wildfires. | | |
| | | (The opinions expressed here are those of the author, a columnist for Reuters) | | |
| | | With the partial U.S. government shutdown about a month old, a student showed up at the College of Southern Maryland's financial aid office with two preschool children in tow to request emergency help paying her $3,000 in tuition and fees. She is one of the 800,000 workers not getting paid. | | |
| | | U.S. fund investors returned in force to bonds during the latest week, putting the most cash in debt markets in almost a year, Investment Company Institute (ICI) data showed on Wednesday. | | |
| | | Barclays economists said on Wednesday they reduced their outlook on U.S. economic growth in the first quarter to an annualized rate of 2.5 percent from an earlier projection of 3.0 percent as a result of the historically long partial federal government shutdown. | | |
| | | Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday that worries about a global recession are inflated, and pessimism expressed by political and business leaders at the World Economic Forum in Davos is a “valuable contra-indicator” for investors and turning him bullish. | | |
| | | BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for "socially responsible" investments, a filing with U.S. market regulators showed on Tuesday. | | |
| | | Ashland Global Holdings and Cruiser Capital settled their proxy contest on Tuesday with a deal allowing the hedge fund to help select two new board members at the specialty chemicals company while one of its board nominees becomes a consultant there. | | |
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