Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures to regulators on Thursday showed.
Funds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman.
Investors overcame fears over a potential trade war and added money to domestic stocks and emerging markets in the latest week, Lipper data showed on Thursday.
Bank of America Corp's wealth management arm Merrill Lynch said on Thursday it is reintroducing commissions for its retirement accounts, reversing a policy put in place to comply with Obama-era regulation.
JPMorgan Chase & Co's asset management arm is liquidating a $1 billion credit hedge fund led by Fahad Roumani after abandoning a plan to spin it off, Bloomberg reported on Thursday, citing a letter to investors.
Parents may think they can stop paying attention to financial aid after their child has decided on a college, but those offers generally apply to only the first year.
The family that controls Campbell Soup Co looks to be on a collision course this week with new hedge fund investors pushing for the company to sell itself, heralding a potential proxy fight industry analysts have labeled the "fight of the fall."
Advisory firm CamberView Partners agreed to sell itself to boutique investment bank PJT Partners Inc on Tuesday in a deal that comes as public companies seek help defending against activist investors demanding corporate changes.
