Latest Investment management News

Swift questions AMAs performance over fight with music group

Nov. 15, 2019 11:18 AM EST

LOS ANGELES (AP) — Taylor Swift said Thursday that she may not perform at the American Music Awards and may have to put other projects including a forthcoming Netflix documentary on hold because the men who own her old recordings won’t allow her to play her songs. “Right now my performance at...

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

Correction: Bondi-Conflicts story

Nov. 9, 2019 4:03 PM EST

WASHINGTON (AP) — In a story Nov. 8 about Pam Bondi, a former Florida attorney general, stepping down from a lobbying firm as she prepares to defend President Donald Trump in an impeachment investigation, The Associated Press reported erroneously that Bondi lobbied for a Kuwaiti company with a U.S. defense...

Boston investment company to by Maine's Saddleback ski area

Nov. 8, 2019 2:40 PM EST

RANGELEY, Maine (AP) — A Boston investment company that's buying the shuttered Saddleback ski area plans to make significant improvements before reopening next season. The Berry family that owns Saddleback announced Thursday that it reached an agreement this week to sell the resort to Arctaris Impact Fund....

Louisiana man admits to fraud schemes that raked in $29M

Nov. 5, 2019 1:32 PM EST

BATON ROUGE, La. (AP) — A Louisiana man has pleaded guilty to carrying out schemes that defrauded banks and private equity firms of $29 million. A news release from the U.S. Attorney's Office of the Middle District of Louisiana says 57-year-old Michael Allen Worley pleaded guilty Monday to bank fraud and...

Senate candidate Hagerty returning to investment firm

Nov. 5, 2019 4:35 AM EST

NASHVILLE, Tenn. (AP) — Republican Senate candidate Bill Hagerty is rejoining a private investment firm after previously leaving the business to serve as the U.S. ambassador to Japan. A Monday news release says that Hagerty will become a member of Hall Capital's automotive and private investment board. The...

Timber investment firm to sell off $3K in acreage

Nov. 4, 2019 1:22 PM EST

SALEM, Ore. (AP) — A timber investment firm is selling more than 3,000 acres (1,214 hectares) along the Columbia River that has been used to grow poplar trees, a newspaper reported Monday. Greenwood Resources had used the land to grow poplar trees for the U.S. paper industry, but experts say stiff...

Stocks set another record. The champagne's still corked.

Oct. 28, 2019 5:30 PM EDT

NEW YORK (AP) — U.S. stocks are back at a record. Don't feel excited? Neither does Wall Street. After a shaky few months, the stock market has pushed through worries about President Donald Trump's trade wars, weakening corporate profits and the slowing global economy to set another all-time high. The...

State treasurers partner to grow corporate board diversity

Oct. 23, 2019 12:08 PM EDT

PROVIDENCE, R.I. (AP) — Rhode Island's treasurer has announced a new regional partnership dedicated to increasing gender, racial and ethnic diversity on corporate boards in the Northeast. Treasurer Seth Magaziner said Wednesday that companies with stronger diversity at the senior level tend to outperform...

Delivery food fight: Just Eat rejects another takeover offer

Oct. 22, 2019 10:19 AM EDT

LONDON (AP) — Food delivery company Just Eat rejected Tuesday a takeover proposal from investment firm Prosus, saying that the 4.9 billion-pound ($6.2 billion) cash offer "significantly undervalues" it. Prosus N.V., which is owned by the wealthy South African investment group Naspers, had already bid twice...