Reuters - Money

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Tuesday, October 24, 2017

WASHINGTON (Reuters) - President Donald Trump on Monday dismissed the possibility of curbing a popular tax-deferred U.S. retirement savings program to help pay for his sweeping tax cuts, and voiced doubts about adding another top bracket targeting the wealthiest Americans.

Fidelity Chairman's video to employees: no tolerance for harassment

BOSTON (Reuters) - Fidelity Investments Chairman Abigail Johnson on Monday delivered a direct message to more than 40,000 employees at the asset management company: There's no tolerance for harassment.

Glass Lewis recommends ADP investors vote for Ackman's slate

BOSTON (Reuters) - Proxy advisory firm Glass Lewis recommended on Monday that Automatic Data Processing Inc shareholders vote for all three dissident directors proposed by activist investor Bill Ackman.

Activist mulls next step after failed Johnston Press board ousting

LONDON/BENGALURU (Reuters) - Activist investor Custos Group is considering its next steps after discovering a clause in a bondholder deal that hindered its attempt to oust Johnston Press top management.

Hedge fund Marcato sues Deckers over board election

BOSTON (Reuters) - Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties.

Nestle CEO praised by Third Point but hedge fund still wants more

LONDON/BOSTON (Reuters) - Nine months into leading the world's biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done.

SoFi held sale talks, but bidders balked at $8 billion price: newspaper

NEW YORK (Reuters) - Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Times reported on Sunday, citing people familiar with the matter.

'Dr. Doom', Marc Faber, removed from more boards after comments on race

NEW YORK (Reuters) - Marc Faber, the markets prognosticator known as "Dr. Doom," has been dismissed from three more company boards after comments in his latest newsletter this week suggested the United States had only prospered because it was settled by white people.

Column: With U.S. elder abuse in spotlight, a look at guardians

CHICAGO (Reuters) - Are unsuspecting seniors around the United States being scooped up without warning from their homes, placed in nursing homes and having their possessions taken away?

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.