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(Reuters) – Wall Street bank Goldman Sachs reported rival Morgan Stanley to Hong Kong’s financial regulator over a series of block trades, or large sales of shares, the Financial Times reported on Thursday, citing people familiar with the matter. Goldman alerted the territory’s Securities and Futures Commission three years ago as part of an “informal” …

Goldman Sachs flagged Morgan Stanley block trades to Hong Kong regulator – FT Read More »

By Svea Herbst-Bayliss (Reuters) -Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an abrupt …

Ackman gives up on Netflix, taking $400 million loss as shares tumble Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) -T. Rowe Price Associates, one of the biggest investors in Kohl’s Corp, said it plans to back all of the department store’s directors, dealing a setback to activist hedge fund Macellum Advisors as it tries to take control of the board. “We intend to vote FOR the 13 nominees presented …

T. Rowe Price says it plans to back Kohl’s nominees in proxy fight with Macellum Read More »

BOSTON (Reuters) – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates and reject activist investment firm Land & Buildings’ effort to win one board seat. Land & Buildings’ founder Jonathan Litt nominated himself as a director candidate, arguing that poor …

Proxy advisory firms urge Ventas investors to reject activist’s bid for board seat Read More »

By Lewis Krauskopf NEW YORK (Reuters) – A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the first time in two years. Yields on the 10-year Treasury Inflation-Protected Securities (TIPS) – also known as real yields because they subtract projected inflation …

Analysis-Positive real yields may spell more trouble for U.S. stocks Read More »

(Reuters) – CalPERS, the largest U.S. public pension fund, on Tuesday said it will vote for a shareholder proposal that Berkshire Hathaway Inc replace Warren Buffett as chairman, though he would remain chief executive officer. The fund, whose full name is the California Public Employees’ Retirement System, disclosed its vote in a regulatory filing ahead …

CalPERS to vote to replace Buffett as Berkshire chairman Read More »

(Reuters) -Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital. The announcement comes after media reports indicated AMP was in discussions to sell Collimate in a …

Australia’s AMP confirms in talks to sell investment management unit Read More »