| | BlackRock's Fink learns to live with activist investors | | NEW YORK (Reuters) - Larry Fink, whose $6 trillion BlackRock Inc seldom picks a public fight with large companies, said on Monday that activist investors often help lay the groundwork for positive change in the corporate world. |
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| | U.S. junk bond sector ends rough week on calmer note | | NEW YORK (Reuters) - Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals. |
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| | The 20 percent club: hedge fund stars of an industry rebound | | NEW YORK (Reuters) - A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street. |
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| | Equifax warns on post-breach costs, revenue hit | | (Reuters) - Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period. |
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| | Muni market breathes 'sigh of relief' over Senate tax plan | | CHICAGO/NEW YORK (Reuters) - The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt. |
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