Reuters - Money

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Tuesday, May 16, 2017

Buffett's Berkshire boosts American, Southwest airline bets; sheds Fox

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co , and shed its stake in Twenty-First Century Fox Inc .

Icahn takes new 19.8 million share stake in Conduent in first quarter

NEW YORK (Reuters) - Billionaire investor Carl Icahn acquired a new 19.8 million share stake in business services provider Conduent Inc in the first quarter and sold out of pharmaceutical firm Allergan Plc and speech technology group Nuance Communications Inc , according to regulatory filings on Monday.

Soros Fund Management ups Goldman stake, buys Snap shares in first quarter

NEW YORK (Reuters) - Soros Fund Management LLC, founded by billionaire investor George Soros, boosted the firm's share stake in Goldman Sachs Group Inc by nearly 40 percent during the first quarter and also purchased shares in Snap Inc, parent of the wildly popular Snapchat messaging app, during the first three months of the year, regulatory filings on Monday showed.

Several top fund managers trim Allergan stakes in first quarter

NEW YORK (Reuters) - Six closely watched investors sliced their stakes in Allergan Plc during the first quarter, recent regulatory disclosures show, cutting what had been one of the years' best performing health stocks that has stumbled in recent days.

Large hedge funds moved out of financial stocks in first quarter

NEW YORK (Reuters) - Several big-name hedge fund investors trimmed their stakes in financial companies in the first quarter as hopes for immediate tax cuts and loosening of regulations after President Donald Trump’s victory in November began to fade.

Philadelphia sues Wells Fargo, alleges predatory lending

(Reuters) - The City of Philadelphia sued Wells Fargo & Co on Monday, accusing the largest U.S. mortgage lender of predatory lending, which violates the federal Fair Housing Act.

ValueAct's Ubben taps Morfit for CIO post in succession plan

BOSTON (Reuters) - Activist hedge fund investor Jeffrey Ubben is handing over the reins of his $16 billion investment firm by promoting long-time business partner Mason Morfit to chief investment officer.

Investment firms TPG, Dragoneer reveal stake in Etsy

(Reuters) - Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc , the Brooklyn-based online retailer of handmade goods, Etsy disclosed in filings on Monday.

HSBC settles bondholders' claims of Libor manipulation

NEW YORK (Reuters) - HSBC Holdings Plc has settled claims by a group of U.S. bondholders that it conspired with rivals to rig the Libor benchmark interest rate, according to a New York court filing on Monday by the bondholders' attorneys.

Paulson holds SPDR Gold holdings steady as bullion rallies

NEW YORK (Reuters) - Paulson & Co held its stake steady in the world's biggest gold exchange-traded fund while Soros Fund Management stayed out of the precious metal in the first quarter of 2017, when bullion prices rallied to 3-1/2-month highs, a filing showed on Monday.