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Daily News

Below please find daily updates pertaining to the latest in financial news:

Reuters - Financial Feed

Third Point claims 300 percent return on activism since 2011

Thu, Feb 21, 2019

Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its... ...

Hedge funds hunt for shipping debt in new market push

Thu, Feb 21, 2019

(Corrects Feb. 20 story to remove incorrect reference to sale of loans by Varde and Oakhill) ...

How personal finance guru Jill Schlesinger got smart about money

Thu, Feb 21, 2019

Jill Schlesinger got her start on Wall Street, and that is where she learned a lot of what she knows about the financial world. But she has built a career dishing out personal finance advice by... ...

UBS to appeal after fined 4.5 billion euros in French tax fraud case

Wed, Feb 20, 2019

A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. ...

UBS CEO says French appeals process to take 'several years'

Wed, Feb 20, 2019

UBS Group expects its appeal of a French court verdict ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) for aiding tax evasion to last years, Chief Executive Sergio Ermotti told staff... ...

Buffett's Suncor bet to revive investor interest in Canadian energy

Wed, Feb 20, 2019

Berkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector,... ...

Stretch your retirement with this tax-saving strategy

Wed, Feb 20, 2019

Retirement strategy is about more than just how you will spend the money you have saved – it matters where that money is coming from too. ...

Bristol-Myers says Starboard nominated five directors, bought shares

Wed, Feb 20, 2019

Bristol-Myers Squibb Co said on Wednesday that activist hedge fund Starboard Value LP intends to nominate five directors to the U.S. drugmaker's board, one month after it announced a $74 billion deal... ...

Israeli VC Jerusalem Venture Partners raises $220 million for new tech fund

Wed, Feb 20, 2019

Venture capital firm Jerusalem Venture Partners (JVP) said on Wednesday it closed a new fund with investment commitments of $220 million. ...

UBS slams French verdict in tax evasion trial

Wed, Feb 20, 2019

UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion. ...