Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

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Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.

Your Money: Charitable granting soars even as tax changes transform giving

Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in previous years.

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly made disparaging remarks about women last week.

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by the Fed on Tuesday.

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth of shareholder value.

Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's first year-over-year earnings per share decline in three years.

Italy's Del Vecchio calls on Mediobanca to grow through M&A

Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.

Brexit extension, election still most likely, says UBS

UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged that chances of a Brexit deal have increased.

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