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Diversified Financials Capital Markets

  • BOSTON, Oct 22- Less than a year into her tenure as chairman of Fidelity Investments, Abigail Johnson faces a crisis amid allegations that the mutual fund giant has a men's club mentality. Johnson is addressing inappropriate workplace conduct such as sexual harassment by hiring a consulting firm to review employee behavior stretching back years, the Wall...

  • NEW YORK, Oct 22- JPMorgan Chase& Co has partnered with data analytics start-up Mosaic Smart Data to help its fixed-income sales and trading business become more profitable. The London- based start-up has developed technology that aggregates and analyzes vast amounts of data from the fixed-income trading division of investment banks to help them make more...

  • Deltic had said in August that it would work with investment bank Goldman Sachs Group Inc and law firm Davis Polk& Wardwell LLP to review its options after activist shareholder Southeastern Asset Management Inc pressured it to explore a sale. The Wall Street Journal, which first reported the news, cited sources as saying Potlatch would offer 1.8 of its common...

  • NEW YORK, Oct 22- Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday. Brian Hogan, president of Fidelity's stock-picking division, held an emergency meeting on Monday afternoon with his staff to stress the...

  • NEW YORK— Three high-level foreign exchange executives and a currency trader have left Wells Fargo, the bank that has been through several investigations after a scandal over millions of fake accounts and another over auto insurance practices. Wells Fargo confirmed Friday that the employees from the investment bank side of the business were no longer with...

  • *RBR CEO speaking at a conference in New York. ZURICH, Oct 20- Activist investor RBR Capital Advisors wants to expand its stake in Credit Suisse to 1 billion Swiss francs, as the hedge fund pushes to spin off the Swiss lender's investment bank and asset management business. RBR Chief Executive Rudolf Bohli is trying to drum up fresh cash to take a larger position in...

  • Oct 20- Procter& Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69...

  • Oct 20- Procter& Gamble Co disappointed Wall Street with sales on Friday, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board and force more dramatic change at the consumer goods giant. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69...

  • Oct 20- Consumer goods giant Procter& Gamble Co, which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates. Sales in the grooming business fell more than analysts' had anticipated despite P&G cutting prices on tough competition from upstarts like...

  • The maker of Tide detergent and Pampers diapers said net income attributable to the company rose to $2.85 billion or $1.06 per share in the first quarter ended Sept. 30, compared with $2.71 billion, or 96 cents per share, a year ago. Net sales for the company, which recently won an historic proxy fight battle with hedge fund manager Nelson Peltz who tried to muscle...

  • NEW YORK, Oct 19- U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed. There was also profit-taking in the tech sector, said Phil Blancato, head of Ladenburg Thalmann Asset Management in New York. "There's not a strong downside case right now to shake up the narrative and get...

  • *Apple dips amid concerns over iPhone 8 demand, FAANG stocks down. Oct 19- Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent. "Apple has its impact across the board," said Phil Blancato, head of Ladenburg Thalmann Asset Management in New York.

  • *Apple dips amid concerns over iPhone 8 demand. Oct 19- Wall Street pulled back from record highs on Thursday with Apple leading a decline in technology stocks and a bunch of weak corporate results adding to the dour mood. "Apple has its impact across the board," said Phil Blancato, head of Ladenburg Thalmann Asset Management in New York.

  • ZURICH, Oct 19- Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, valuing them at more than 20 billion Swiss francs when split from the rest of the bank, according to a presentation reviewed by Reuters. The Swiss hedge fund went public this week with a campaign to break up Switzerland's...

  • ZURICH, Oct 19- Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, according to a presentation reviewed by Reuters. A spokesman for RBR declined to comment and said the fund will outline its strategy for Credit Suisse at the JP Morgan Robin Hood Investor Conference in New York on Friday.

  • NEW YORK _ Greenhill& Co. on Wednesday reported a third-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier. The company, based in New York, said it had a loss of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, Oct 18- Hedge funds that trade cryptocurrencies reached over 100 for the first time, according to new data from fintech research house Autonomous NEXT, of which more than three-quarters launched in 2017.. A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has seen a tenfold...

  • NEW YORK— A hedge fund owner's bid to hold the government responsible for an FBI raid that he says ruined his business was lost Tuesday when a federal appeals court rejected his lawsuit. The 2nd U.S. Circuit Court of Appeals in Manhattan said David Ganek cannot hold federal agents and prosecutors liable for the November 2010 raid that preceded the closure three...

  • A unanimous panel of the 2nd U.S. Circuit Court of Appeals in Manhattan ruled that, even if the Federal Bureau of Investigation did make false statements, it had good cause for a warrant to search the offices of Ganek's Level Global Investors anyway. FBI agents raided Level Global's offices in 2010, after one of its analysts, Spyridon Adondakis, told them he had...

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors sought on Tuesday to rally support for a campaign to break up Credit Suisse, hoping to capitalise on unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015.. "This is like an ant trying to tackle an elephant," said Marc Halperin, fund manager at Federated Investors, a top-25...