Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by the Fed on Tuesday.
Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth of shareholder value.
Italy's Del Vecchio calls on Mediobanca to grow through M&A
Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.
Brexit extension, election still most likely, says UBS
UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged that chances of a Brexit deal have increased.
Elliott ranks as busiest activist hedge fund in third quarter, again
Elliott Management, Paul Singer's $35 billion hedge fund, kept up its blistering pace of pushing for corporate changes during the third quarter, outspending all rivals with campaigns at AT&T and Marathon Petroleum Corp , data released on Friday showed.
Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes
Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://ckcp.leggo.today/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters.
Fidelity follows rivals in cutting online trading commissions to zero
Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with new entrants in the market.
A Model Life: Life Lessons with Brooke Shields
Brooke Shields has been in the public eye - and earning money - nearly from birth. But unlike many other child stars, Shields has not flamed out, or gotten lost to drugs. Instead she’s a married mom of two, plugging away on business ventures like her “Timeless” clothing line for QVC.