Latest Investment management News

FILE - This May 23, 2019, file photo shows the logo for the Jefferies Financial Group in New York. Jefferies Financial Group announced Sunday, March 29, 2020, that its chief financial officer, Peregrine C. Broadbent, died Sunday from coronavirus complications. He was 56. (AP Photo/Richard Drew, File)

Wall Street executive dies from coronavirus complications

Mar. 29, 2020 5:58 PM EDT

NEW YORK (AP) — The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments this weekend related to the global economy, the work place and the spread of the virus. ______ WALL STREET EXECUTIVE DIES: An executive at New York-based investment...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: How to create a retirement paycheck that lasts

Mar. 23, 2020 8:54 AM EDT

Saving and investing for retirement may actually be easier than deciding how to safely spend what you’ve accumulated. Withdraw too much and you could run out of money. Withdraw too little and you might stint on some retirement pleasures you could actually afford. Taxes and Medicare premiums should be...

FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)

U.S. Fed establishes currency swaps with 9 central banks

Mar. 19, 2020 9:51 AM EDT

Washington (AP) — The Federal Reserve has set up a program to exchange dollars for foreign currency with nine central banks to support dollar lending in global markets that are under pressure from the impact of the viral outbreak. The move, announced Thursday, enables foreign banks to provide dollars to...

FILE - In this Feb. 20, 2018 file photo, Jared Kushner, left, and Jason Greenblatt, right, listen as American Ambassador to the United Nations Nikki Haley speaks during a Security Council meeting on the situation in Palestine, at United Nations headquarters. A leading Israeli venture capital firm said Wednesday, Feb. 26, 2020, that it's hired Greenblatt, a Trump administration's former Mideast envoy, as a business developer for the region. OurCrowd said the former attorney for Donald Trump will be acting as a partner responsible for “building ties with the Middle East region.” Greenblatt was the architect of Trump's recently unveiled Mideast plan that largely favored Israel. (AP Photo/Mary Altaffer, File)

Ex-Trump Mideast envoy joins Israeli venture capital firm

Feb. 26, 2020 7:11 AM EST

JERUSALEM (AP) — A leading Israeli venture capital firm said Wednesday it has hired the Trump administration's former Mideast envoy Jason Greenblatt as a business developer for the region. OurCrowd said the former attorney for Donald Trump will be acting as a partner responsible for “building ties...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Should you shift to a cash management account?

Feb. 24, 2020 6:51 AM EST

High-yield cash management accounts are popping up at brokerages nationwide, promising customers much better returns and higher insurance limits than they can get from traditional banks. The accounts are a twist on the sweep accounts brokerages have long offered their customers, where idle cash is swept into a...

FILE - In this Jan. 24, 2020 file photo, Cory Doctorow, right, walks in front of other protestors in Los Angeles outside the headquarters of the regulatory body for domain names, the Internet Corporation for Assigned Names and Numbers. A private equity firm announced Friday, Feb. 21,  what it calls legally binding commitments designed to ease concerns that its proposed $1.1 billion private takeover of the dot-org domain-setting registry would lead to price gouging and censorship.  (AP Photo/Mark J. Terrill)

For-profit firm seeking to run .org names makes concessions

Feb. 21, 2020 8:06 PM EST

LOS ANGELES (AP) — A private equity firm seeking to buy rights to operate the internet's .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community. Ethos Capital has offered $1.1 billion to buy the Public Interest Registry,...

FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)

Struggling Victoria's Secret sold as women demand comfort

Feb. 20, 2020 9:33 PM EST

NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more comfortable...

Traders gather at the post of Specialist Anthony Matesic, background center, on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Franklin Resources buying Legg Mason for $4.5 billion

Feb. 18, 2020 11:15 AM EST

SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...

FILE - In this Feb. 8, 2009 file photo, cranes off load containers at the Jebel Ali port terminal 2, in Dubai, United Arab Emirates. Port operator DP World said Monday, Feb. 17, 2020, that it will delist from the Nasdaq Dubai stock exchange, returning the company to full state-ownership in a move that will help the Dubai government's investment company repay more than $5 billion to banks. (AP Photo/Kamran Jebreili, File)

Port operator DP World to delist from Dubai stock exchange

Feb. 17, 2020 7:33 AM EST

DUBAI, United Arab Emirates (AP) — Port operator DP World said Monday it will delist from the Nasdaq Dubai stock exchange, returning the company to full state-ownership in a move that will help the Dubai government's investment company repay more than $5 billion to banks. DP World, the world’s...

FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11.   (AP Photo/Wilfredo Lee, File)

Newspaper chain McClatchy files for bankruptcy protection

Feb. 13, 2020 3:07 PM EST

NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30 newspapers...