The latest Money news and financial information below is courtesy of Reuters News Service.  Contact us for information about featuring your business in NE Living Magazine.

Money: Finance News & Information from Reuters

  • Prominent investors stock up on eBay, then activists flex muscle
    Prominent investors stock up on eBay, then activists flex muscle - EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or...
  • Jeff Vinik offers fee cuts to help bring in cash for new fund
    Jeff Vinik offers fee cuts to help bring in cash for new fund - Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset...
  • Big hedge funds dumped China stocks, Apple as market tumbled
    Big hedge funds dumped China stocks, Apple as market tumbled - Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter,...
  • Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle
    Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle - Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and...
  • U.S. fund investors charge into money market funds: Lipper
    U.S. fund investors charge into money market funds: Lipper - U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data...
  • Charlie Munger targets active managers, Elon Musk; praises China
    Charlie Munger targets active managers, Elon Musk; praises China - Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court...
  • U.S. tax refunds down nearly 9 percent vs year ago: IRS data
    U.S. tax refunds down nearly 9 percent vs year ago: IRS data - The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on...
  • 'Robo-adviser' Wealthfront launches cash account
    'Robo-adviser' Wealthfront launches cash account - Wealthfront, one of the largest digital wealth management firms known as "robo-advisers", said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on...
  • New York fund manager pleads guilty to Belize airport scam
    New York fund manager pleads guilty to Belize airport scam - A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in...
  • Slower growth no reason to quit China: Epoch's Van Valen
    Slower growth no reason to quit China: Epoch's Van Valen - Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen,...
  • Union Investment to buy 16,000 German apartments from Chinese firm: sources
    Union Investment to buy 16,000 German apartments from Chinese firm: sources - German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to the matter told Reuters.
  • BlackRock hires former Fed official Fischer as an adviser: memo
    BlackRock hires former Fed official Fischer as an adviser: memo - BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world's largest fund manager said in a memo on Wednesday.
  • Ackman's hedge fund gains nearly 25 percent in early 2019
    Ackman's hedge fund gains nearly 25 percent in early 2019 - Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill...
  • Morgan Stanley's global head of macro trading in fixed income to retire
    Morgan Stanley's global head of macro trading in fixed income to retire - Morgan Stanley's global head of macro trading in the bank's fixed income division is retiring, according to a memo seen by Reuters.

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