Tariffs begin to take bite out of U.S. corporate earnings growth
NEW YORK (Reuters) - The easy money may be over.
A passion for makeup drove Urban Decay's Zomnir to cosmetics industry
NEW YORK(Reuters) - Wende Zomnir has always had a passion for makeup - as an eighth grader, she was sent home from school for wearing too much. It should come as little surprise that she would grow up to co-found the edgy cosmetics company Urban Decay.
Wealthfront to offer automated financial planning tool for free
LAS VEGAS (Reuters) - Wealthfront, one of the largest digital wealth management startups known as "robo-advisers," will offer its automated financial planning tool for free by the end of the year as it seeks to grow its customer base, it said on Tuesday.
PJT Partners hires Sheehan as adviser, CalSTRS names governance head
NEW YORK (Reuters) - Leading corporate governance expert Anne Sheehan is joining boutique investment bank PJT Partners as an adviser, the firm's PJT CamberView unit announced on Tuesday.
Top U.S. funds seek sunset rules on dual-class share listings
BOSTON (Reuters) - A trade group representing top U.S. pension funds and asset managers, including BlackRock Inc and T. Rowe Price Group, will ask stock exchanges to limit how long companies may operate with unequal voting rights for shareholders.
EDL Capital to shift headquarters to Switzerland from London
(Reuters) - EDL Capital, the macro hedge fund firm started by Edouard de Langlade, has applied to cancel authorization for its London headquarters, filings with the British regulator showed.
Wells Fargo pays $65 million to settle 'cross-sell' fraud claims with New York
(Reuters) - Wells Fargo & Co will pay $65 million to settle claims that it misled investors about its "cross-selling" business strategy, the New York Attorney General's office said on Monday.
Barington pushes for independent chair at Bloomin' Brands
NEW YORK (Reuters) - Activist investor Barington Capital Group L.P. on Monday turned up the heat on Outback Steakhouse owner Bloomin' Brands Inc's board by urging it to hire an independent chair to push management to spin off three smaller restaurant chains.
Global banks curb China travel after UBS banker stopped from leaving
HONG KONG (Reuters) - Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
Danske Bank was behind large share of Estonian cross-border payments in 2008-2015: central bank
COPENHAGEN (Reuters) - Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, processed a large share of the country's cross-border payments between 2008 and 2015, its central bank said on Monday.