Reuters US Money

Fidelity’s Edward C ‘Ned’ Johnson 3d, who built fund giant, dies at 91

By Ross Kerber BOSTON (Reuters) -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in finance for decades, died on Wednesday at age 91, the company said. Johnson “died peacefully on March 23, 2022, surrounded by his loving family,” …

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Column-What to expect when U.S. Social Security field offices reopen in April

By Mark Miller (Reuters) – If you need help filing for Social Security, Medicare or disability benefits, I have good news and bad news. The good news: The sprawling network of more than 1,200 Social Security field offices around the United States will reopen to the public in early April after a two-year COVID-19 shutdown. …

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‘Launching Financial Grownups’ shows how to raise money-smart kids

By Chris Taylor NEW YORK (Reuters) – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, giving them small amounts of money like allowances or tooth-fairy gifts to handle. The end goal is a fully-functioning financially responsible grownup – earning …

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‘Sustainable’ funds are no more green than traditional products, study finds

LONDON (Reuters) – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a new study published on Thursday. So-called “green revenue” is the percentage of sales generated from products that benefit the environment such as with cleaner …

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Acacia Research taps Starboard SPAC executive as M&A chief

By Svea Herbst-Bayliss BOSTON (Reuters) – Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s senior executives on Tuesday to oversee all aspects of its takeover business. The firm, which acquires businesses in sectors including technology, retail, and healthcare, …

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ISS recommends two of Starboard’s four Huntsman board director candidates

By Svea Herbst-Bayliss BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Huntsman Corp investors elect two of activist investment firm Starboard Value’s four director nominees to the chemical maker’s 10-member board. ISS said two Starboard director candidates should be elected to better oversee management after the board for several years …

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Wall Street banks’ staff churn to double this year after bonus payouts – experts

By Elizabeth Dilts Marshall NEW YORK (Reuters) – Staff turnover on Wall Street is set to surge in coming weeks as investment bankers who held off job-hunting during the pandemic cash in their record bonus checks and leave for new opportunities in the red-hot labor market, said recruiters. Bonuses are up 20% to 25% on …

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AT&T eyes nearly $48 billion network investment in post-media company

By Sheila Dang (Reuters) -AT&T Inc expects to invest about $48 billion through the end of 2023 to expand its fiber internet and 5G wireless services, the U.S. wireless carrier said on Friday, as it detailed the vision for the business after unwinding its media assets. After facing skepticism from shareholders over its expensive quest …

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