By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared hesitant to upend a tax on Americans who have invested in certain foreign corporations, as they po[...]
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Alecta to lead class action against First Republic Bank
COPENHAGEN (Reuters) – Swedish pension fund Alecta said on Tuesday it had been appointed by a U.S. court to lead a class action against First Republic Bank aimed at recovering as much capital as[...]
Read moreBNY Mellon to raise minimum wage, add mental health benefits
NEW YORK (Reuters) – BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday. The p[...]
Read moreUS bond investors brace for Fed rate cuts in 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are pricing in imminent Federal Reserve interest rate cuts by the first half of next year, as signs of slowing U.S. economic growth and e[...]
Read moreNelson Peltz’s Trian to seek at least three Disney board seats, sources say
By Svea Herbst-Bayliss, Dawn Chmielewski and Samrhitha A (Reuters) -Activist investor Nelson Peltz is pushing ahead with plans to seek at least three board seats at Disney as the firm is not satisfied[...]
Read moreRobinhood opens in UK with low-cost US trading to woo clients
By Sinead Cruise LONDON (Reuters) -Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan to “de[...]
Read moreElliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
By Svea Herbst-Bayliss and Laura Sanicola (Reuters) – Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp[...]
Read moreGM sees $9.3 billion hit from labor deals, outlines $10 billion buyback
By David Shepardson (Reuters) -General Motors said on Wednesday its new labor deals after a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33% divid[...]
Read moreState Street adds option to fully back corporate boards
By Ross Kerber BOSTON (Reuters) – State Street’s asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareho[...]
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