Reuters US Money Archives - Page 90 of 106

Billionaire investor launches board fight at Athira, wants CEO replaced

30 Mar 2022 30 Mar 2022

By Svea Herbst-Bayliss BOSTON (Reuters) -Billionaire investor Richard (Ric) Kayne is seeking two board seats at Athira Pharma, arguing the biotech company needs a new chief executive officer to successfully guide its development of treatments for Alzheimer’s and other neurodegenerative diseases. Kayne, who founded private equity investment firm Kayne Anderson Capital Advisors, told Athira shareholders …

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Factbox-Crypto’s biggest hacks and heists

30 Mar 2022 30 Mar 2022

LONDON (Reuters) – Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital asset sector. Ronin, a network that allows the transfer of crypto coins across different blockchains, said on Tuesday that hackers stole on March 23 …

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Column-Elusive bond risk premium misses its curtain call: Mike Dolan

30 Mar 2022 30 Mar 2022

By Mike Dolan LONDON (Reuters) – If not now, when? Investors typically demand some added compensation for holding a security over many years to cover all the unknowables over long horizons – making the absence of such a premium in bond markets right now seem slightly bizarre. Disappearance of the so-called “term premium” in 10-year …

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‘Japanification’ still lurks behind hawkish Fed frenzy: McGeever

30 Mar 2022 30 Mar 2022

By Jamie McGeever ORLANDO, Fla. (Reuters) -Remember ‘Japanification’? After the financial crash of 2008, a consensus emerged that the United States and Europe would slide into the sort of multi-decade economic malaise Japan experienced after its property bust of the 1990s – where the effects of a rapidly ageing population saw waves of excess savings, …

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Hedge fund oil positions caught between risks from sanctions and recession: Kemp

29 Mar 2022 29 Mar 2022

By John Kemp LONDON (Reuters) -Investor positions in crude and refined products steadied last week, after heavy sales in the two previous weeks, as fund managers tried to balance opposite risks from sanctions on Russia and a potential global recession. Hedge funds and other money managers purchased the equivalent of 16 million barrels in the …

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Analysis-U.S. mulls shaking up stock trading rules to aid small investors

28 Mar 2022 28 Mar 2022

By Katanga Johnson and John McCrank WASHINGTON/NEW YORK (Reuters) – Wall Street’s regulator is considering changes to stock market rules to increase competition for orders and improve deals for retail investors, according to its top official Gary Gensler and industry executives. The U.S. Securities and Exchange Commission (SEC) is scrutinizing the practice of payment-for-order-flow (PFOF), …

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New York state pension fund to divest Russia holdings

25 Mar 2022 25 Mar 2022

By Jonathan Stempel NEW YORK (Reuters) – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings in Russian companies following Russia’s invasion of Ukraine, state comptroller Thomas DiNapoli said on Friday. The divestment by the $279.7 billion New York State Common Retirement Fund, which DiNapoli …

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Icahn director nominee says McDonald’s faces sustainability risks

25 Mar 2022 25 Mar 2022

By Ross Kerber BOSTON (Reuters) – One of investor Carl Icahn’s director nominees at McDonald’s Corp said she would push the burger giant to tackle sustainability issues like lowering the environmental impact of farming and lessening antibiotic use. So far Icahn, the well-known activist investor, has framed his challenge seeking two board seats at McDonald’s …

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Huntsman Corp beats Starboard’s board challenge, shares tumble

25 Mar 2022 25 Mar 2022

By Svea Herbst-Bayliss BOSTON (Reuters) -Hedge fund Starboard Value LP on Friday lost a fight to replace four directors at Huntsman Corp but shares of the U.S. specialty chemicals company tumbled in early trading as investors learned about the result. Starboard, which owns 8.8% of Huntsman, argued that the chemicals manufacturer needs a shake-up to …

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Exclusive-Battered Russia bonds a risk too far, says distressed debt fund Gramercy

25 Mar 2022 25 Mar 2022

By Tommy Wilkes LONDON (Reuters) – Distressed debt hedge fund Gramercy, which made a killing on Russian bonds after the 1998 crisis and has taken on Argentina and Venezuela over defaulted debt, says a bet on Russia now is too big a risk even with bonds trading at a tenth of face value. Robert Koenigsberger, …

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