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Australia’s AMP channeled pension funds to subsidiaries: inquiry

SYDNEY (Reuters) - Australia’s No.1 retirement and wealth management company AMP Ltd paid hundreds of millions of dollars from customers’ retirement accounts to...

Why Americans are more cautious about the cost of college

CHICAGO - Since he was in fourth grade, Dennis Nolte’s stepson Jacob has been tacking Massachusetts Institute of Technology posters to his bedroom...

SEC charges Ameriprise for not safeguarding client assets

WASHINGTON (Reuters) - Ameriprise Financial Services Inc will pay $4.5 million to settle charges that it failed to safeguard client assets after five...

Be humble, be frugal: Life lessons from Big Sick’s Showalter

NEW YORK (Reuters) - Michael Showalter’s path to success in Hollywood has as many plot twists as the movies he directs, which include...

Ackman’s Pershing Square trimmed ADP stake in second-quarter: filing

BOSTON (Reuters) - William Ackman’s Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in...

Major Tesla shareholders trimmed stakes last quarter: filings

NEW YORK (Reuters) - Two major Tesla Inc (TSLA.O) shareholders cut their stakes in the electric automaker during the second quarter, before Chief...

Berkshire boosts Goldman, Teva stakes; buys more Apple

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) boosted its investments in Goldman Sachs Group Inc (GS.N) and Israel’s Teva Pharmaceutical Industries Ltd...

Activist Starboard Value halves its stake in Newell: filing

BOSTON (Reuters) - Hedge fund Starboard Value said on Tuesday that it sold half of its stake in consumer products company Newell Brands,...

Berkshire boosts Goldman stake, confirms Apple purchase

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has increased its investment in Goldman Sachs Group Inc, and confirmed it...

U.S. hedge funds bet on retail, tech in second-quarter as economy...

NEW YORK (Reuters) - Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite...
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