Latest Investment management News

Investors press railroads to add sick time for workers

Dec. 05, 2022 21:35 PM EST

OMAHA, Neb. (AP) — Major freight railroads are facing pressure to add sick days for their workers from a new front: An influential investment group says some of its members are now pushing the measure that Congress declined to as part of the contracts they imposed last week to avert a potentially...

Biden brings Thanksgiving pies to Nantucket first responders

Nov. 24, 2022 22:06 PM EST

NANTUCKET, Mass. (AP) — President Joe Biden on Thursday delivered at least half a dozen pumpkin pies to Massachusetts firefighters during a Thanksgiving Day show of appreciation and his toddler grandson walked away with a red fire hat topping his blond curls. “Oh wow,” Biden...

US firm agrees to buy stake in German soccer team Hertha

Nov. 24, 2022 08:37 AM EST

BERLIN (AP) — A U.S. investment firm has agreed on a deal to buy investor Lars Windhorst's majority stake in Bundesliga soccer team Hertha Berlin. Miami-based 777 Partners said it agreed to buy the 64.7 percent stake in Hertha’s company structure from Windhorst's firm Tennor,...

Biden to continue family tradition of Nantucket Thanksgiving

Nov. 22, 2022 19:36 PM EST

WASHINGTON (AP) — President Joe Biden 's family tradition of spending the Thanksgiving holiday on Nantucket may take on a more serious tone this year. Biden and his family decided together that he should run for president in 2020 and they are expected to launch another round of...

EPA orders Ohio power plant to stop dumping toxic coal ash

Nov. 18, 2022 18:26 PM EST

WASHINGTON (AP) — In a major action to address toxic wastewater from coal-fired power plants, the Environmental Protection Agency on Friday ordered an Ohio utility to stop dumping dangerous coal ash into unlined storage ponds and speed cleanup of the site. The order to the Gen....

US Judge lays out case for blocking publishing giants merger

Nov. 08, 2022 17:49 PM EST

WASHINGTON (AP) — A federal judge has laid out a data-laden case for why she blocked Penguin Random House’s proposed purchase of Simon & Schuster, handing a victory to the Biden Justice Department in its contention that combining two of the world’s biggest publishers would hurt...

Political spat over climate risks in investments gets hotter

Nov. 01, 2022 18:23 PM EDT

ST. PAUL, Minn. (AP) — The political fight is only getting fiercer over whether it’s financially wise or “woke” folly to consider a company’s impact on climate change, workers’ rights and other issues when making investments. Republicans from North Dakota to Texas are...

Insider Q&A: The ESG industry on becoming a political target

Oct. 17, 2022 08:11 AM EDT

NEW YORK (AP) — After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too. Florida Gov. Ron DeSantis and other Republicans around the country are criticizing funds that consider environmental, social and...

Emissions declarations by equity firm Carlyle under question

Sep. 26, 2022 13:13 PM EDT

LONDON (AP) — At the start of 2022, the Carlyle Group, one of the world’s leading private equity firms, published a report on its financial risk from greenhouse gas emissions. Yet something was not in the report. Carlyle’s largest oil and gas investment, NGP, was not included....

Ex-California investment company head charged with fraud

Sep. 21, 2022 20:36 PM EDT

LOS ANGELES (AP) — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. James Arthur McDonald...