List/Grid Tag Archives: money

Australia's AMP back in inquiry hot seat as pension transfers challenged

Australia's AMP back in inquiry hot seat as pension transfers challenged

SYDNEY (Reuters) – Australia’s No.1 retirement and wealth management company AMP Ltd paid hundreds of millions of dollars from customers’ retirement accounts to its subsidiaries without proper documentation, an inquiry… Read more »

U.S. banks teach financial literacy with hands-on experience

U.S. banks teach financial literacy with hands-on experience

NEW YORK (Reuters) – Last year, Abbey Jones’ high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit… Read more »

Retirement success: focus on the paycheck, not a savings number

Retirement success: focus on the paycheck, not a savings number

CHICAGO (Reuters) – Steve Vernon is an expert on numbers – but please do not ask him for your “number” – that is, the amount you need to save to… Read more »

Australia's AMP channeled pension funds to subsidiaries: inquiry

Australia's AMP channeled pension funds to subsidiaries: inquiry

SYDNEY (Reuters) – Australia’s No.1 retirement and wealth management company AMP Ltd paid hundreds of millions of dollars from customers’ retirement accounts to its subsidiaries in possible contravention of trust… Read more »

Why Americans are more cautious about the cost of college

Why Americans are more cautious about the cost of college

CHICAGO – Since he was in fourth grade, Dennis Nolte’s stepson Jacob has been tacking Massachusetts Institute of Technology posters to his bedroom wall and dreaming of attending some day…. Read more »

SEC charges Ameriprise for not safeguarding client assets

SEC charges Ameriprise for not safeguarding client assets

WASHINGTON (Reuters) – Ameriprise Financial Services Inc will pay $4.5 million to settle charges that it failed to safeguard client assets after five of its representatives allegedly stole more than… Read more »

Be humble, be frugal: Life lessons from Big Sick's Showalter

Be humble, be frugal: Life lessons from Big Sick's Showalter

NEW YORK (Reuters) – Michael Showalter’s path to success in Hollywood has as many plot twists as the movies he directs, which include the hit romantic comedy “The Big Sick.”… Read more »

Ackman's Pershing Square trimmed ADP stake in second-quarter: filing

Ackman's Pershing Square trimmed ADP stake in second-quarter: filing

BOSTON (Reuters) – William Ackman’s Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the second quarter, a regulatory filing on… Read more »

Activist Starboard Value halves its stake in Newell: filing

Activist Starboard Value halves its stake in Newell: filing

BOSTON (Reuters) – Hedge fund Starboard Value said on Tuesday that it sold half of its stake in consumer products company Newell Brands, whose chief executive officer it sought to… Read more »

Berkshire boosts Goldman, Teva stakes; buys more Apple

Berkshire boosts Goldman, Teva stakes; buys more Apple

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) boosted its investments in Goldman Sachs Group Inc (GS.N) and Israel’s Teva Pharmaceutical Industries Ltd (TEVA.TA) during the second quarter and confirmed… Read more »

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