Reuters - Money

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Tuesday, May 9, 2017

Property, merger bets dominate picks at Sohn conference

NEW YORK (Reuters) - Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas.

Q&A: Mother-daughter charity team has that Pittsburgh Steelers spirit

NEW YORK(Reuters) - As part-owner of the Pittsburgh Steelers, Cindy Citrone had the connections to get help when she wanted to raise awareness for organ donation. She got the National Football League team to sign on to a fundraising campaign, and got the city's pro baseball and hockey teams, the Pirates and Penguins, on board as well for an upcoming all-Pittsburgh effort to get more people screened as potential organ donors.

SEC's Piwowar warns that 'SAFE' investments may not be so safe

WASHINGTON (Reuters) - A U.S. securities regulator is warning retail investors to tread carefully before putting money into a risky new type of start-up financing vehicle that may never provide a return on their investment.

Ackman pitches Howard Hughes, citing management and real estate locations

NEW YORK (Reuters) - Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time.

DoubleLine's Gundlach suggests buying emerging markets ETF

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said on Monday that investors should buy the iShares MSCI Emerging Markets exchange-traded fund, short an ETF tracking the S&P 500, and leverage it one time.

Greenlight's Einhorn calls Core Labs shares 'way overvalued'

NEW YORK (Reuters) - Billionaire investor David Einhorn on Monday called energy services provider Core Laboratories substantially overvalued and said its share price could drop to $62.

Speculators slashed U.S. rate hike bets before FOMC, jobs data

NEW YORK (Reuters) - Speculators abandoned their bets on rising U.S. interest rates in the futures market just days before the Federal Reserve's decision this month to leave rates unchanged and the release of an upbeat April payrolls report.

How skateboard legend Tony Hawk plans for the long road ahead

NEW YORK (Reuters) - When most people hear the name Tony Hawk, they picture him whirling through a 900 on his skateboard at ESPN's X-Games, or on the cover of the iconic video game series, Tony Hawk's Pro Skater, which has collectively sold millions of copies.

Paul Singer's Elliott Management raises $5 billion in 24 hours: letter

NEW YORK (Reuters) - Paul Singer's hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being distorted by years of economic stimulus.

Vanguard CEO cites 'inherent conflict' in paying brokerages to sell funds

NEW YORK (Reuters) - Vanguard Group Chief Executive Officer Bill McNabb said on Thursday that Morgan Stanley had decided to stop selling its mutual funds because the largest U.S. brokerage by salesforce wants "to be compensated for being on their platform in one way or another, and that's something we just won't do."