Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
Global equity funds saw massive outflows this week, a sharp reversal from last week's inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds.
Morgan Stanley holds top spot as activist defense firm: data
Morgan Stanley was ranked as the top adviser to companies targeted by activist investors publicly for the third straight year in 2018 while Goldman Sachs vaulted past two competitors to the number No. 2 spot, according to Refinitiv data published on Thursday.
Oil major Total CEO's compensation drops 17 percent in 2018: company document
The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday.
Overdone? Short EU equities 'most crowded' trade for first time
Fund managers have named bearish bets in European equities as the "most crowded" trade in Bank of America Merrill Lynch's survey for the first time in its history, suggesting sentiment for one of the world's most shunned markets may rise from here.
Mutual funds start to put their mouth where their money is
Corporate America's biggest shareholders have traditionally been content with sharing their views on a company's strategy privately with management.
TPG Rise founder leaves firm in wake of U.S. college admissions scandal
TPG Capital senior executive Bill McGlashan on Thursday left the private equity firm after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.
Equity funds see biggest weekly inflows in a year: BAML
Investors plowed $14.2 billion into global equity funds this week, the largest amount in a year as investors jumped on to 2019's stock market rally, Bank of America Merrill Lynch said on Friday, citing flow data provider EPFR.
U.S. stock funds lose inflows as stock rally continues
U.S. investors ended their longest buying streak since October by pulling money out of domestic stock mutual fund and exchange-traded funds last week on global concerns about economic growth in Europe, according to Investment Company Institute data released on Wednesday.
Former energy executive David Crane is on a mission to save the planet
What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by investing in solar power and electric vehicle charging networks.