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Diversified Financials Capital Markets

  • May 2- Hedge fund Black-and-White Capital LP on Tuesday called on Etsy Inc, an online retailer of handmade goods, to explore a sale, saying the U.S. company's sales growth had slowed while costs had increased. Shares of New York City- based Etsy rose 2.4 percent to $11.32 in morning trading. Etsy's intrinsic value could reach $30 per share with operational...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • LONDON, May 2- Hedge funds are losing faith that OPEC can accelerate the rebalancing of the oil market even if the group agrees to extend output cuts when it meets later this month. The number of long positions has fallen to the lowest level since before OPEC announced its output agreement on Nov. 30. Fund managers have become less bullish despite increasingly...

  • NEW YORK, May 1- Morgan Stanley's wealth management business said on Monday it is lowering the commissions that brokers earn on stock trades, exchange-traded funds and annuities amid pressure to lower costs for clients. The wealth management industry has taken steps to level the fees and commissions that brokers charge on investment products like mutual...

  • Reuters exclusively reported on April 26 that public pension funds in at least seven U.S. states periodically send millions of dollars to an investment fund that owns the Trump SoHo Hotel and Condominium in New York City and pays one of Trump's companies to run it, according to a Reuters review of public records. Trump is setting an extremely dangerous...

  • BEVERLY HILLS, May 1- Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could move to break up the country's biggest banks. "My fantasy is to break up the big banks," Griffin said on Monday at the Milken Institute Global Conference in Beverly Hills. Griffin's hedge fund and securities firm...

  • BOSTON, May 1- The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus, replacing him with a new chief executive and and new chairman, and overhauled the firm's board, according to a filing Monday that offered little explanation for the unexpected changes. New York- based AllianceBernstein, which is 64 percent owned by...

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • Reviving such a law would require an act by Congress. Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians eager to crack down on Wall Street. Senator Elizabeth Warren frequently invokes it, and Senator Bernie Sanders made it a major part of his presidential campaign.

  • NEW YORK, May 1- Guggenheim Investments, overseen by Global Chief Investment Officer Scott Minerd, had positive net flows of more than $944 million into its fixed-income mutual funds and exchange-traded funds in April, the firm said on Monday. Guggenheim's flagship Total Return Bond Fund, an intermediate-term fund that has outperformed 99 percent of its...

  • BOSTON, May 1- Asset manager AllianceBernstein on Monday fired longtime leader Peter Kraus and replaced him with a new chief executive and a new chairman, but offered little explanation for the unexpected change. The firm, majority-owned by France's AXA SA, named JPMorgan Asset Management executive Seth Bernstein as its new CEO and Robert Zoellick, previously...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • CHICAGO, April 28- BlackRock Inc Chief Executive Officer Larry Fink on Friday sounded another warning on the U.S. economy after the government reported anemic growth in the first quarter. "We're actually decelerating," Fink, whose firm is the world's biggest asset manager, said during a talk at the Morningstar Investment Conference in Chicago.

  • NEW YORK, April 28- Swiss bank UBS AG reported Friday that profits for its Wealth Management Americas business rose 8 percent over last year as higher operating income, client activity and cuts to recruiting offset higher employee pay doled out to top brokers. UBS Wealth Management Americas Chief Executive Tom Naratil's commitment to spend less on recruiting...