Ross Kerber

Obama’s ‘myRA’ worker retirement plan sets modest goals

August 25, 2021 at 12:55 a.m.

WASHINGTON/BOSTON (Reuters) - President Barack Obama ordered on Wednesday the creation of a new government-backed retirement account for low-income workers, the myRA, that will be safe and simple, but will...

Accelerating outflows push down Janus shares

August 25, 2021 at 12:40 a.m.

(Reuters) - The highest outflows in nearly a decade caught up with Janus Capital Group Inc on Thursday and drove down shares in the asset manager by 7 percent. The...

Fidelity asset head O’Hanley to step down after cautious reign

August 25, 2021 at 12:40 a.m.

BOSTON (Reuters) - Fidelity Investments' asset management head, Ron O'Hanley, will leave the company at the end of February, executives said on Wednesday, after a cautious stint running a key...

Target data breach could be costly for payment partners

August 25, 2021 at 12:20 a.m.

BOSTON (Reuters) - Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over...

Target apologizes for data breach, retailers embrace security upgrade

August 25, 2021 at 12:16 a.m.

Target Corp. began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, Democratic members of the Financial Services Committee of...

BNY Mellon cuts fees to settle Massachusetts forex case

August 24, 2021 at 11:26 p.m.

BOSTON (Reuters) - Bank of New York Mellon Corp will cut fees by $15.45 million to resolve a Massachusetts complaint over its handling of foreign exchange transactions, state officials said...

Analysis: Activists push for voting secrecy to rein in U.S. executive power

August 24, 2021 at 11:24 p.m.

BOSTON (Reuters) - Top executives and directors at some major U.S. companies may have less sway over votes on chief executive officer compensation and other shareholder matters if a campaign...

Under pressure, Verizon plans more data-request disclosures

December 24, 2018 at 12:05 p.m.

(Reuters) - Verizon Communications Inc vowed to issue semi-annual reports on government requests for customer data, drawing praise from privacy advocates who sought such changes and marking the latest reform...

Verizon takes hard line on surveillance vote: activists

August 24, 2021 at 11:07 p.m.

BOSTON (Reuters) - Verizon Communications Inc told activist investors on Wednesday that it might skip a vote on a shareholder proposal that seeks details on the company's cooperation with government...

SEC official warns of investor over-reliance on proxy advisory firms

August 24, 2021 at 10:56 p.m.

WASHINGTON/BOSTON (Reuters) - Investors may be relying too heavily on the voting recommendations of the largest proxy advisory firms like Institutional Shareholder Services and Glass, Lewis & Co, a top...

All Stories