U.S. states eye protections for investors if federal regulation falters

The question could become important if the financial services industry wins its high-stakes legal and political battles to dismantle the federal fiduciary rule governing advice to retirement investors.

Michael Imperioli learns from life after 'The Sopranos'

NEW YORK (Reuters) - Every actor dreams of extreme success, but there is also a downside: That you will forever be known as the character you played.

Micro Focus shares jump on report Elliott takes stake

LONDON (Reuters) - Micro Focus shares surged on Thursday, with traders citing a Bloomberg report that hedge fund Elliott Management has taken a stake in the UK software firm.

Activist investor Barington nominates two directors at Xerium

BOSTON (Reuters) - Activist investor Barington Capital Group LP has launched a fight for two board seats at machine industry company Xerium Technologies Inc., according to a regulatory filing made on Thursday.

Hedge fund Folger Hill to merge with Schonfeld

BOSTON (Reuters) - Folger Hill Asset Management, a hedge fund run by former SAC Capital Advisors LP executive Sol Kumin, will merge with Schonfeld Strategic Advisors after a period of sluggish returns.

Hedge fund Paulson & Co takes stake in Viacom

(Reuters) - Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has taken a stake in Viacom Inc as the U.S. media company has started to turn around its business, Paulson told Reuters in an interview.

Your Money: Get insurance for your dog's bite, as well as its bark

NEW YORK (Reuters) - A cute Maltipoo puppy could never harm anyone, right?

Loomis' Fuss: 10-year Treasury yield could go 'north of 4 pct' within two years

NEW YORK (Reuters) - Loomis Sayles vice chairman Dan Fuss says the 10-year Treasury yield could go "north of 4 percent" within two years, but geopolitical risks and economic deterioration could keep yields lower.

Asset managers back U.S. plan to limit stock exchange rebates

NEW YORK (Reuters) - Financial firms representing more than $1 trillion in assets under management have endorsed a U.S. regulator's plan to test limiting the rebates and other incentives that stock exchanges can pay to brokers, a practice critics say creates conflicts of interest.

ISS recommends against Goldman pay plan, worried on costs

BOSTON (Reuters) - Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank's heavy use of stock-based compensation.

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