Career News 24/7: Reuters Money: McClendon's exit will not solve Chesapeake's problems: Kemp

Thursday, January 31, 2013

Reuters Money: McClendon's exit will not solve Chesapeake's problems: Kemp

Click to View in Browser

01/31/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

McClendon's exit will not solve Chesapeake's problems: Kemp

LONDON (Reuters) - Shareholders must be hoping the removal of Aubrey McClendon as Chesapeake's chief executive will end the corporate governance discount attached to the company's share price and unlock superior returns. They are likely to be disappointed.

Americans are willing to pay more for Social Security

CHICAGO (Reuters) - Suppose a pollster asks you this question about Social Security reform:

U.S. investors lift equity allocations to nine-month high in January: Reuters poll

NEW YORK (Reuters) - U.S. investors increased their exposure to equities in January to the highest level in nine months, a Reuters poll showed on Thursday, reflecting a shift in sentiment that has helped push the Standard & Poor's 500 index to a five-year high.

Bullish global funds pile into stocks, high-yield credit: Reuters poll

LONDON (Reuters) - Global investors piled into stocks and high-yield credit in January and slashed their cash buffers to a two-year low, betting that central banks would keep markets awash with cash and that the worst of the euro crisis is over.

British investors keep flocking to stocks as recovery gathers pace: Reuters poll

LONDON (Reuters) - British investment managers sharply increased their exposure to stocks in January as concerns of more financial instability receded and the market's recovery gathered pace, a Reuters poll showed on Thursday.

Personal income posts biggest gain in eight years

WASHINGTON (Reuters) - American incomes rose in December by the most in eight years, a positive sign for consumer spending that could help the economy sustain momentum early this year.

The perks-and hazards-of being a radio star

(Reuters) - Got financial smarts and the gift of gab? You may want to consider a side career as a money guru on the radio.

Global pension assets reach all-time high: study

LONDON (Reuters) - Pension fund assets in the world's biggest markets rose by 8.9 percent in 2012 as retirement schemes shifted their attention to alternative investments to cope with economic volatility, a study showed.

Blackstone's earnings outshine real estate

NEW YORK (Reuters) - Blackstone Group LP reported a 43 percent rise in fourth-quarter profit on Thursday, capping what it called its best year as a publicly listed alternative asset manager, despite a lackluster performance by its flagship real estate business.

Focus Financial adds team with $1 billion client assets

(Reuters) - Focus Financial Partners LLC, a firm that has grown by acquiring independent advisers and teams across the United States, said on Thursday it landed a team in New York that manages more than $1 billion in client assets.