Latest Investment management News

US investor charged in Moscow released to house arrest

Apr. 11, 2019 11:03 AM EDT

MOSCOW (AP) — A Russian court on Thursday released from jail a U.S. investor who faces charges of embezzlement and placed him under house arrest. Michael Calvey had been behind bars since mid-February on charges of embezzlement from the Russian bank Vostochny, in which his investment firm Baring Vostok has...

Union: Protect casino workers from hedge fund neglect

Apr. 10, 2019 2:35 PM EDT

ATLANTIC CITY, N.J. (AP) — The nation's largest casino workers union is asking gambling regulators to protect employees from neglect by hedge funds or private equity firms seeking short-term returns from casino ownership. Unite Here approached gambling regulators in three states Wednesday, asking them to...

Chuck E. Cheese returning to public trading after 5 years

Apr. 8, 2019 2:57 PM EDT

IRVING, Texas (AP) — Got some spare tokens? Chuck E. Cheese is returning to the public markets. CEC Entertainment Inc., which owns 750 Chuck E. Cheese and Peter Piper Pizza stores in the U.S. and abroad, expects to begin trading on the New York Stock Exchange under the ticker "CEC" in the second quarter....

Univision unloads Gizmodo, The Onion to private equity firm

Apr. 8, 2019 11:28 AM EDT

NEW YORK (AP) — Univision has sold tech site Gizmodo, satirical-news hub The Onion and other English-language sites to the private equity firm Great Hill Partners. Terms were not disclosed. The Spanish-language broadcaster bought much of what was then known as Gawker Media for $135 million in 2016 after...

The Latest: Bribery suspect backed other NC politicos

Apr. 3, 2019 4:58 PM EDT

RALEIGH, N.C. (AP) — The Latest on charges that North Carolina's Republican Party chairman and a major donor sought to bribe the state's top insurance regulator to secure special treatment (all times local): 4:30 p.m. Federal bribery and conspiracy charges against a major North Carolina political donor is...

North Carolina GOP chair, major donor charged with bribery

Apr. 2, 2019 7:01 PM EDT

RALEIGH, N.C. (AP) — The chairman of North Carolina's Republican Party, an insurance magnate and two of his associates are facing federal charges for a plan to shower the state's top insurance regulator with campaign contributions to ensure special business treatment, a criminal indictment unsealed Tuesday...

Liz Weston: Why you should love robo-advisers

Apr. 1, 2019 2:30 PM EDT

Robo-advisers have been around long enough that the question is no longer whether you should turn your investment decisions over to a computer. Now the question is: Why wouldn't you? The success of Wealthfront and Betterment, two startups that helped launch the trend, led mainstream investment companies including...

California governor criticizes PG&E's plan for new board

Mar. 28, 2019 7:29 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course. "With this...

The Latest: Utility shares few details on new board plans

Mar. 28, 2019 5:27 PM EDT

SACRAMENTO, Calif. (AP) — The Latest on Pacific Gas & Electric Corp.'s board restructuring (all times local): 2:15 p.m. A Pacific Gas & Electric spokeswoman has declined to address whether the utility is planning to replace its board with hedge fund financiers and people without utility expertise....

UN rights experts decry Big Finance moves in housing market

Mar. 26, 2019 7:22 PM EDT

GENEVA (AP) — Two independent U.N. human rights experts are denouncing moves by big investment and private equity firms to buy up affordable and low-income homes to the detriment of tenants, singling out one by name: Blackstone Group. A statement from the United Nations human rights office in Geneva on...