Career News 24/7: Reuters Money: U.S. investors look for quick rebound from winter doldrums

Monday, April 7, 2014

Reuters Money: U.S. investors look for quick rebound from winter doldrums

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04/7/2014

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

U.S. investors look for quick rebound from winter doldrums

NEW YORK (Reuters) - Companies across America are blaming the brutal winter for weak first-quarter results, but investors are expecting a quick rebound in the second quarter and will likely judge harshly companies that are less optimistic about a recovery.

Goldman board lifts target for Blankfein to redeem future awards

NEW YORK (Reuters) - Goldman Sachs Group Inc's board lifted a key performance target that the bank must reach for Chairman and Chief Executive Lloyd Blankfein to redeem a new long-term incentive stock award, according to a proxy filing on Friday.

Wall St. tactic for fighting investor claims seen as double standard

(Reuters) - Securities brokerages have long required retail investors to bring their complaints to the arbitration forum run by the Financial Industry Regulatory Authority.

U.S. consumer bureau details diversity efforts after complaints

WASHINGTON (Reuters) - The U.S. consumer financial watchdog plans to ramp up diversity training and is teaching hiring managers to spot unconscious biases, the agency said in a report on Friday amid concerns over its treatment of women and minority employees.

Mercer says terminated Pimco, Western Asset as subadvisers on a bond fund: SEC

(Reuters) - Mercer Investment Management Inc has terminated Pacific Investment Management Company LLC and Western Asset Management Company as subadvisers to the Mercer Core Fixed Income Fund, effective immediately, according to an SEC filing on Thursday.

Loeb urges Sotheby's shareholders to back his slate

BOSTON (Reuters) - Hedge fund manager Daniel Loeb on Friday urged Sotheby's investors to support his board slate, arguing he and his fellow nominees would be better able to reinvigorate the auction house from within after years of poor governance.

U.S. investors look to profit on Brazil rate hike

NEW YORK (Reuters) - Brazil's decision to hike its key interest rate to 11 percent, its highest level in two years, has some yield-hungry U.S. investors smacking their lips.

U.S. probing high-speed trading, attorney general says

WASHINGTON (Reuters) - The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.

Wealth management sector shrinks under tighter regulations

LONDON (Reuters) - The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.

Getting a CFP is a lot of work. Is it worth it?

(Reuters) - Steven Harp has run six marathons and is training for a punishing 140 mile swim-bike-run Ironman, but he says the most challenging thing he's done recently is try to get Certified Financial Planner accreditation.