Reuters - Money

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Wednesday, September 13, 2017

Your Money: Raising money for an emergency raises money questions

NEW YORK (Reuters) - When Lori Jung set up a crowdfunding campaign to help with her brother's medical expenses for spinal cord damage, she also spoke to an accountant.

Carlyle to sell South Korean security firm ADT Caps: sources

HONG KONG (Reuters) - Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said.

Some U.S. banks already comply with new class action, arbitration rule

WASHINGTON (Reuters) - Senator Elizabeth Warren, who opposes efforts to dismantle a new rule allowing customers to sue financial companies in class actions, released letters on Tuesday from U.S. bank CEOs in which they declined to defend lobbying against the measure and several said they already comply with it.

Bridgewater's Dalio says would be 'terrible' if Cohn left White House

NEW YORK (Reuters) - Billionaire hedge fund manager Ray Dalio on Tuesday threw his weight behind President Donald Trump's top economic adviser, saying it would be "terrible" if Gary Cohn were to leave the Trump administration.

Gundlach: Equity investors to see change in dynamic with QE reversal

NEW YORK (Reuters) - Investors in equities and risk assets should brace themselves for the end of quantitative easing, given the high correlation it has to high stock and junk bond prices, Jeffrey Gundlach, chief executive at DoubleLine Capital, warned Tuesday.

Marcato's McGuire sees Terex's share price more than tripling

NEW YORK (Reuters) - Hedge fund manager Mick McGuire on Tuesday said that crane maker Terex Corp's share price could more than triple as the company focuses on its core business and pursues a disciplined capital allocation plan.

BlackRock reshuffles top regional, business unit executives

NEW YORK (Reuters) - BlackRock Inc, the world's largest asset manager, is reshuffling some of its top regional executives and placing new leadership at the head of its lucrative alternatives business, according to a memo on Tuesday.

Your Money: Why you should freeze your credit now

NEW YORK (Reuters) - In the wake of the Equifax Inc data breach that has exposed an estimated 143 million customer records to hackers, consumer credit experts have been recommending freezing one's credit as a protection against identity theft.

EU markets watchdog warns investors of market bubble threat

FRANKFURT (Reuters) - Rock-bottom interest rates and political uncertainty such as Brexit mean risks of an asset price bubble are at their highest, a European markets watchdog said on Tuesday, in an unusually strongly worded warning to investors.

Goldman details $5 billion revenue growth plan amid investor questions

(Reuters) - Goldman Sachs Group Inc on Tuesday unveiled a growth plan that could add as much as $5 billion in revenue annually, as the bank seeks to reassure investors after two poor trading quarters in a row.