BOSTON— Seven Harvard University students have filed a lawsuit asking a judge to force the university's governing body to divest from fossil fuel companies. The complaint asks the court to compel the Harvard Corporation, the governing body, to stop investing any of its $36.4 billion endowment in gas, coal and oil companies. In a letter to the Harvard community in...» Read More
AIG has approached some of the world’s biggest investors with a view to them taking stakes in AIA, the US insurer’s Asian operation, with strong interest from China, people familiar with the matter told the FT.
By most accounts, high-frequency trading (HFT) is behind half of all equities traded in the United States each and every day. Here are five things investors should know about HFT.
Last Thursday’s intraday volatility, which saw the Dow plummeting nearly 1000 points, has left European investors tentative about Wall Street, according to market participants.
For the second time this week, hedge fund manager John Paulson has held a conference calls with investors over his involvement in the Goldman Sachs case, CNBC has learned.
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
In the last two months, SAC Capital Advisors has turned into a $13 billion piñata.
Maxis, Malaysia's biggest telecom firm plans to list on the stock market by mid-November, media reports said.
It’s been four decades since the go-go years of the late 1960s, when hot mutual funds captured the imagination of investors by reporting performance that was too good to be true. It’s been so long that Bank of America seems to have forgotten what happened.
The coming transformation of ETFs into mutual funds.
New U.S. jobless claims fell for a third straight week last week; productivity rose 1.6 percent. What does this herald for the stock markets? Art Cashin, UBS Financial Services director of floor operations, offered his insights to CNBC.
Citigroup's recent arrangement for converting some of the government’s preference shares into ordinary shares causes a significant loss to the retail investor, Citigroup shareholder Victor Filatov, former president of Capula Investment Management, told CNBC.
A key gauge of German investor sentiment slid to a record low in July, battered by concerns about the U.S. financial sector and fears of a lasting downturn for German manufacturers.
A heavy gloom hanging over Wall Street may deepen this week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.
Institutional investors sent a letter to Verizon Communications, urging the phone company to give shareholders more say over the pay packages of executives.
Change has come to Colombia. The South American nation was not so long ago synonymous with narcotics trafficking, violent revolutionary groups and shocking assassinations of prosecutors and judges.
With the Dow Jones Industrial Average hitting another record, investors are asking: buy or sell? Robert Zagunis, co-portfolio manager at Jensen Investment Management, and Jeff Mortimer, portfolio manager for Schwab Core Equity Funds, gave "Closing Bell" viewers their answer: buy.
One share, one vote? Not exactly: the fate of millions of shares and the rights of shareholders may be up for grabs, as the U.S. House Financial Services Committee is considering a bill that would give investors final say over CEO compensation. Two experts debated the wisdom of such a bill, on "Morning Call."
Influential proxy advisory firm Institutional Shareholder Services said on Tuesday it recommends that Caremark Rx shareholders support a takeover proposal from drugstore chain CVS, reversing its previous stance.
In a sign that the New York Times may be trying to appease investors who have criticized it, the newspaper publisher invited Morgan Stanley money manager Hassan Elmasry and another large shareholder, T. Rowe Price Group, to make presentations to its board of directors late last month, The Wall Street Journal reported.
Should companies stop issuing quarterly earnings guidance? That was a major topic of discussion on today's "Morning Call." Dean , executive director of the Business Roundtable Institute for Corporate Ethics, says yes because focusing on quarterly earnings per share guidance often forces companies to concentrate on the here-and-now while under-investing in the future.