Reuters Money: Apache CEO, Vermont activist build alliance on climate issues

	Click to View in Browser 04/18/2014 Apache CEO, Vermont activist build alliance on climate issues NEW YORK (Reuters) - Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. No U.S. IRS audits for most big financial partnerships: report WASHINGTON (Reuters) - Fewer than 1 percent of partnerships with more than $100 million in assets, including hedge funds and private equity firms, are audited by the U.S. Internal Revenue Service, a government report said on Thursday. For Morgan Stanley, playing it safe pays off (Reuters) - A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake. Career risk makes the world go round: James Saft (Reuters) - Fund and pension investors who are watching their biotech and social media stakes melt before their eyes may well feel they've had their pockets picked by self-serving investment managers. BlackRock's quarterly profit climbs as investors pile into funds NEW YORK (Reuters) - BlackRock Inc, the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds. Helping clients choose annuities or lump sums (Reuters) - Your client plans to retire soon and his employer's defined benefit plan offers a choice: take a monthly pension or a lump sum distribution that can be rolled over to an Individual Retirement Account. The client wants your input because a good chunk of his net worth is tied up in the plan, not to mention his retirement security. U.S.-based stock funds post $3.6 billion outflows over week: Lipper NEW YORK (Reuters) - Investors in U.S.-based funds pulled $3.6 billion out of stock funds in the week ended April 16 on fears that a selloff in technology and biotech shares could signal a steeper drop in U.S. stocks, data from Thomson Reuters' Lipper service showed on Thursday. Long-term care: Why your location really matters CHICAGO (Reuters) - Location, location location: Not only is it key to the value of real estate, it's also a big driver of the cost of long-term care. U.S.-focused stock funds worldwide post $7.1 billion outflow: BofA NEW YORK (Reuters) - Fund investors worldwide pulled $7.1 billion out of U.S.-focused stock funds in the week ended Tuesday while putting cash into Japanese and emerging market stock funds, data from a Bank of America Merrill Lynch Global Research report showed on Thursday. Fees fuel 13 percent profit rise at Morgan Stanley wealth unit NEW YORK (Reuters) - Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday. Related Video Wall Street snaps back to life Magic turnaround on Wall Street Business News Wall Street Week Ahead: Spring fever brings hope for U.S. earnings Compensation battle rages four years after BP's U.S. oil spill The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend