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Latest Financial News

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

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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...

Oct 20

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

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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...

Oct 20

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

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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...

Oct 19

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

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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?

Oct 20

Third Point takes stake in Dover Corp, urges changes: letter

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Billionaire investor Daniel Loeb's hedge fund Third Point LLC bought a stake in Dover Corp during the third quarter and is urging the industrial conglomerate to sell off its energy...

Oct 20

Fidelity retirement funds warm to Canada, cool to emerging markets

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Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and U.S. government bonds.

Oct 19

U.S. fund investors regain risk appetite as Dow breaches 23,000

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U.S. fund investors regained an appetite for risk over the last week, rushing into U.S. and emerging-market stocks, according to data on Thursday from Lipper.

Oct 19

E*Trade to buy custody firm in growth push as profits remain dull

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Oct 20

LPC: JDA, Surgery Partners add flexibility for future without Libor

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Companies are preparing for a future without a crucial lending benchmark, adding language to their leveraged loan documents that allow them to choose an alternative rate,...

Oct 19

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

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Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if...

Oct 18