Investors are pressuring some blank-check acquisition companies to scale back wildly lucrative payouts to their bosses that are weighing on shareholder returns, threatening to tamp down Wall Street's biggest gold rush of recent years.
Hedge fund D.E. Shaw is pressuring Exxon Mobil Corp to make changes and sent the company a letter this week asking it to cut costs and improve performance, two people familiar with the matter said on Wednesday.
A former female employee of Fidelity Investments has sued the company for discrimination and a hostile workplace where women were allegedly disparaged and racially insensitive comments were made, according to a lawsuit.
JPMorgan Chase & Co's expenses in 2021 will likely top $67 billion, slightly more than analysts' estimates, because of company investments CEO Jamie Dimon said on Tuesday at an investor conference.
Robo-adviser Betterment LLC said founder Jon Stein will step down as chief executive officer on Tuesday and will be replaced by former ViacomCBS Inc executive Sarah Levy.
The U.S. securities regulator said on Tuesday that UK-based investment advisor BlueCrest Capital Management Ltd had agreed to pay $170 million to settle charges that it allegedly misled investors over the existence of a proprietary hedge fund created to invest staff capital.
Nearly 50 buyout firms and investors have signed a global initiative that aims to improve diversity and inclusion among their ranks, a U.S. private equity investor association said on Monday.
(Reuters) -A new investment firm is taking aim at one of corporate America's most iconic brands, pressing energy giant Exxon Mobil Corp to overhaul itself by focusing more on clean energy to improve its financial performance.
