NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
Tod’s investor repeats criticism of Della Valles’ bid as offer nears end
By Elisa Anzolin MILAN (Reuters) – Tod’s investor Tabor Asset Management has sent a second letter to complain the price set by the founding family of the Italian luxury shoemaker in its…
German investor morale less pessimistic than expected – ZEW
BERLIN (Reuters) – German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence…
Investor Irenic Capital wants News Corp to split media, real estate units – sources
(Reuters) – Activist investor Irenic Capital Management, which has a $150 million stake in News Corp, wants the company to split its media and online real estate units, sources familiar with the…
Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit
PARIS (Reuters) – CACEIS, the asset servicing business owned by French bank Credit Agricole and Spanish bank Santander, has struck a preliminary deal to buy the European asset servicing business of RBC…
Activist investor Starboard has sizable stake in Splunk
(Reuters) – Activist investor Starboard Value LP has a nearly 5% stake in Splunk Inc and plans to push the software maker to take steps that would boost its share price, a…
Turquoise Hill investor SailingStone to vote against Rio’s buyout bid
(Reuters) – SailingStone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources Ltd, said on Friday it will vote against Rio Tinto Group’s bid to buy the company for $3.3 billion, during…
Billionaire investor Yuri Milner relinquishes Russian citizenship
(Reuters) – Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014. Milner is the founder of internet investment firm DST Global, and…
Dealmakers contacted investor Och to gauge interest in M&A deal for Sculptor -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Daniel Och, who helped found Sculptor Capital Management, said dealmakers have reached out to gauge interest in a potential strategic transaction that would include…
Some UK property funds defer investor withdrawals
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – Some of Britain’s top open-ended property funds are rolling out new measures to manage investor exit requests, as challenges in meeting redemptions continue…
HSBC kicks off informal investor talks for Indonesian business IPO – sources
By Kane Wu and Scott Murdoch HONG KONG (Reuters) – HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with…
‘We’re In Deep Trouble’: Billionaire Investor Says US Is Spiraling Toward A Debt Crisis
‘We’re In Deep Trouble’: Billionaire Investor Says US Is Spiraling Toward A Debt Crisis Harold Hutchison on September 28, 2022 A prominent billionaire investor said the U.S. faces a debt crisis…
Miami Resident Charged with Running $4.6 Million Ponzi Scheme, Spending Investor Money on Wedding and Vacations
MIAMI — South Florida federal prosecutors have charged Judith Dianne Paris-Pinder, 49, with defrauding people out of millions by lying about the nature of proposed investments (soon-to-be paid, lawyer-negotiated insurance company settlements)…
Aveva investor plans to reject Schneider takeover offer – FT
(Reuters) – Canada-based Mawer Investment management, a top investor in Aveva PLC, plans to reject Schneider Electric’s 9.5 billion pounds ($10.66 billion) takeover offer, the Financial Times reported on Friday. “It’s an…
New China ETFs test investor appetite amid Sino-U.S. tech war, market rout
SHANGHAI (Reuters) – Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout…
Net zero investor group members set more short-term emissions targets
By Juliette Portala (Reuters) – The Net Zero Asset Owner Alliance (NZAOA) said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line…
German investor morale slips on energy supply fears – ZEW
BERLIN (Reuters) -German investor sentiment fell further than expected in September as concerns over the country’s energy supply increasingly weigh on the outlook for Europe’s largest economy. The ZEW economic research institute…
Starbucks adds benefits for non-union U.S. workers ahead of investor day
By Hilary Russ NEW YORK (Reuters) – Starbucks announced new student loan repayment tools and a savings account program for all U.S. employees who are not union members, the company said on…
Gloominess pervades euro zone investor morale, expectations – Sentix
BERLIN (Reuters) – Investor morale in the euro zone slumped in September to its lowest since May 2020 as the spectre of a rough recession for the 19-country currency bloc seems all…
Famous Investor Who Predicted ’08 Market Crash Warns of ‘Tragedy’
Famous Investor Who Predicted ’08 Market Crash Warns of ‘Tragedy’ John Hugh DeMastri on September 1, 2022 One of Wall Street’s most famous investors has predicted that the U.S. stock market remains…
Ammo’s top investor seeks board control, nominates 7 new directors
By Svea Herbst-Bayliss BOSTON (Reuters) -Ammo Inc’s largest investor wants to take control of the ammunition manufacturer’s board and boost the firm’s profit through growth in e-commerce of firearms, outdoor sporting and…
Jury Convicts San Francisco Broker And Investor Victor Makras For Fraud In Real Estate Loan
SAN FRANCISCO – A federal jury today convicted Victor Makras, a prominent San Francisco real estate broker and investor, of making false statements to a bank and of bank fraud tied to…
Exclusive – Unilever exec: investor Peltz supportive of sustainability drive
By Richa Naidu LONDON (Reuters) – Activist investor Nelson Peltz is “supportive” of a plan by consumer goods maker Unilever to de-carbonize all five of its newly established business units, in an…
The World’s Biggest Woke Investor Just Took Millions In Saudi Oil Money
The World’s Biggest Woke Investor Just Took Millions In Saudi Oil Money John Hugh DeMastri on August 16, 2022 BlackRock, the world’s biggest asset manager and a proponent of the so-called Environmental,…
Credit Suisse investor Harris says stake increase reflects reporting change
ZURICH – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment…
Euro zone investor morale edges up, recession still likely – Sentix
BERLIN – Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country…
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