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Current feed - Reuters: Wealth

Seniors deal with the harsh reality of debt
Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear.

New York State pension fund puts 27 coal companies under review
New York state's top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months.

Sovereign wealth funds move mainstream, make less contrarian bets
Sovereign wealth funds' investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder for them to make contrarian...

Valaris settles with Luminus, hands board seat to hedge fund
Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.

To train more workers, companies turn to virtual reality
The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.

Which company just hit $1 trillion? Google it.
As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in...

'Green is good.' Is Wall Street's new motto sustainable?
If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data
Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...

ValueAct's Ubben cheers BlackRock's new stance on climate change
Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...

In next war, soldiers will leave their smartphones at home: Peter Apps
As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...

 

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