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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

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

Fri, Oct 20, 2017

LONDON/BOSTON (Reuters) - 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... ...

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

Fri, Oct 20, 2017

NEW YORK (Reuters) - 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... ...

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

Thu, Oct 19, 2017

BOSTON (Reuters) - 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... ...

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

Fri, Oct 20, 2017

CHICAGO (Reuters) - 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? ...

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

Fri, Oct 20, 2017

BOSTON (Reuters) - 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... ...

Fidelity retirement funds warm to Canada, cool to emerging markets

Thu, Oct 19, 2017

BOSTON (Reuters) - 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. ...

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

Thu, Oct 19, 2017

NEW YORK (Reuters) - 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. ...

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

Fri, Oct 20, 2017

(In ninth and 10th paragraphs, this Oct 19 story corrects to show earnings were higher than analysts' estimates on an adjusted basis.) ...

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

Thu, Oct 19, 2017

NEW YORK (Reuters) - 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,... ...

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

Wed, Oct 18, 2017

BOSTON (Reuters) - 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... ...