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Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

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Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if...

Oct 18

Kenneth Chenault to step down as AmEx CEO after nearly 17 years

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American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by...

Oct 18

New ETF has robots pick investments

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Oct 18

ADP is already making changes Ackman wants: CEO

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Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive...

Oct 18

Lofty Align Tech shares may rise more on U.S. tax cut, index inclusion

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Prospects for steep U.S. tax cuts are raising the ceiling for already-frothy shares of Wall Street-favorite Align Technology Inc even as patents expire for some of the technology...

Oct 18

Fund investors wary of greed amid U.S. stock rally

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U.S. fund investors stockpiled more cash abroad and in bonds during the latest week, Investment Company Institute data showed on Wednesday, resisting the temptation to chase...

Oct 18

Deductibles hold the key to the best health plan picks

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As you pick health insurance during open enrollment at work this fall, you will probably be spared the painful premium increases that shocked American families earlier this...

Oct 18

Q&A: Jewel learned her life lessons from nature, books and pain

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Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless - and then not only...

Oct 17

George Soros foundations now control $18 billion: reports

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Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic...

Oct 17

Ackman, ADP board nominees to discuss plans for company Thursday

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Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead...

Oct 17