Reuters - Money

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Wednesday, October 18, 2017

Q&A: Jewel learned her life lessons from nature, books and pain

NEW YORK (Reuters) - Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless - and then not only survives, but reaches the pinnacle of her profession.

New ETF has robots pick investments

The AI Powered Equity Exchange-Traded Fund , which launched in the United States on Wednesday, will use IBM Corp's Watson artificial intelligence technology to pick several dozen stocks with potential to beat the market, the fund's backers say.

George Soros foundations now control $18 billion: reports

NEW YORK (Reuters) - Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday.

Ackman, ADP board nominees to discuss plans for company Thursday

(Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead of November's proxy vote.

'Dr. Doom' commentator Marc Faber faces backlash over race comments

NEW YORK/VANCOUVER (Reuters) - Marc Faber, the Swiss investor based in Thailand, provoked a backlash from business television and investment management firms on Tuesday after comments in his latest newsletter suggested the United States had only prospered because it was settled by white people.

EU watchdogs to study cost, performance of mutual funds

PARIS (Reuters) - European Union financial regulators will conduct a large-scale study of the cost and performance of mutual funds, a top regulator said on Tuesday.

Obituary: Jim Saft, Reuters columnist, a man of humor and insight

This headline by Jim Saft, who died on Monday after suffering a stroke last month, was typical of the writing of one of Reuters smartest and most engaging columnists on investment and markets. [SAFT/]

Wells Fargo brokerage to return $3.4 million for risky products

NEW YORK (Reuters) - A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank.

Australia's ANZ sells pension business to IOOF for $766 million

SYDNEY (Reuters) - Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital.

Activist investor RBR launching campaign to break up Credit Suisse: FT

(Reuters) - Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday.