Ex-CEOs plead guilty to roles in U.S. college admissions scandal

BOSTON (Reuters) – Four wealthy parents including the former chief executives of bond manager Pimco and specialty finance lender Hercules Capital Inc pleaded guilty on Monday to participating in a vast U.S. college admissions cheating and fraud scheme. Federal prosecutors in Boston say ex-Pimco CEO Douglas Hodge, Hercules Capital founder Manuel Henriquez and his wife, Elizabeth and onetime food manufacturer […]

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Life after parole: JPMorgan fights employment barriers for ex-convicts

JPMorgan CEO: Governments controlling companies is socialism Hoover Institution Research Fellow Lanhee Chen provides his perspective on JPMorgan CEO Jamie Dimon’s speech defending capitalism. What Harley Blakeman discovered after his release from prison wasn't that his sentence didn't end there. Continue Reading Below His felony drug conviction, when he was a teenager, was enough to keep most employers from considering […]

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GRAPHIC-A quiet exit for Draghi? Five questions for the ECB

LONDON, Oct 21 (Reuters) – Mario Draghi’s last meeting as European Central Bank chief this Thursday may prove a lively gathering given a deep rift among policymakers over renewed asset purchases that threatens the effectiveness of policy. After unleashing a wave of stimulus measures in September — including an interest-rate cut and a decision to restart asset purchases to boost […]

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Long-dated JGBs ease, 10-year yield hits 2 1/2-month high

TOKYO, Oct 21 (Reuters) – Japanese government bond prices eased on Monday, with the benchmark 10-year yield hitting two-and-a-half-month highs, extending their retreat since earlier this month on hopes of a Sino-U.S. trade deal and receding expectations of a Bank of Japan easing. Shorter maturities fared better after the BOJ’s buying operation on Monday drew limited offers from traders, and […]

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Sterling slips from five-month high on Brexit delay jitters

SYDNEY (Reuters) – Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson’s plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a […]

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BHP switches to green power for Chilean copper starting 2021

LONDON (Reuters) – BHP, the world’s biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%. Miners, which often use fossil fuels as the energy source in their operations, are shifting to renewable generation as the cost of wind and solar power […]

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Sterling slips from five-month high after Brexit plan hits snag

SYDNEY (Reuters) – Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson’s plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a […]

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Stock picker 'took as much money as he could' before fund's collapse: investment firm founder

Charles Schwab: What does the word ‘growth’ mean to investing ‘You don’t want to get something that’s just going to flatline across,’ Charles Schwab told FOX Business. Peter Hargreaves accused fellow British investment titan Neil Woodford of taking "as much money as he could" before one of Woodford's major funds was suspended, during an interview with The Daily Mail. Continue […]

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