Reuters - Money

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Wednesday, March 15, 2017

Five steps to age-proof your retirement healthcare costs

NEW YORK (Reuters) - You might not think that flossing has much to do with your 401(k).

Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement

NEW YORK (Reuters) - Wells Fargo & Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement of investor claims over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc.

Blackrock says roll-back of regulation currently a bad idea

FRANKFURT (Reuters) - The world's largest money manager Blackrock warned against a sweeping deregulation of financial markets pointing to lessons learned from history.

Valeant shares fall as Ackman exit highlights company's challenges

BOSTON (Reuters) - Valeant Pharmaceuticals Inc's stock price fell to its lowest level in eight years on Tuesday after the abrupt exit of its biggest supporter put renewed focus on the Canadian company's most pressing problem: raising capital to cut its roughly $30 billion debt pile.

Larry King distills thousands of interviews into a few life lessons

NEW YORK (Reuters) - For a complete history of broadcasting, you do not need to go through archives or visit a museum. Just have a chat with Larry King.

U.S. taxpayers procrastinate on filing returns this year

NEW YORK (Reuters) - Tax season in the United States is off to a slow start.

Ackman's Pershing Square sells Valeant stake, takes $3 billion loss

BOSTON (Reuters) - Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months.

Activist hedge fund critical of Walt Disney's move on Disneyland Paris

LONDON/PARIS (Reuters) - An activist hedge fund has criticized plans by Walt Disney to take full control of debt-laden Paris theme park operator Euro Disney , according to a letter seen by Reuters.

Morgan Stanley hiring hundreds into wealth unit to train technophobe advisers

(Reuters) - Morgan Stanley is hiring hundreds of tech-savvy specialists at its wealth management branches to train advisers on the firm's new digital tools, the bank's co-head of wealth management Andy Saperstein said in an interview.

JP Morgan prepares wealth clients for change in IRAs

NEW YORK (Reuters) - JPMorgan Chase & Co has sent some wealth management customers letters this month notifying them that they could be moved to the firm's self-directed platform soon ahead of a pending Labor Department retirement regulation, the bank said on Monday.