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Finance

Janus' largest shareholder, Dai-ichi Life, supports the deal, the firms said. Active managers specializing in stock and bond picking have been losing market share to lower-fee passive investment firms in recent years. The planned deal comes as profits at both Henderson and Janus are under pressure. Combining the two companies will expand its reach in the U.S., UK, Japan and Europe, as well Asia-Pacific, Latin American and the Middle East.
  • Disney said to be working with adviser on potential Twitter bid

    Finance

    Twitter has had well-publicized struggles controlling users who post racist, homophobic or sexist content. But analysts were deeply skeptical of such a deal, citing strategic, economic and philosophical reasons. "At this moment Microsoft has nothing to share". They've been involved in Hulu, Vice and BAMTech - a streaming service providing technical know-how to products like HBO Now.
  • Team USA's dominant women are lauded by President Obama at White House

    Finance

    American women stole the show at the White House on Thursday as President Obama addressed the Olympic and Paralympic athletes who competed in Rio this summer. "I am humbled and honored to be recognized by @POTUS", Shields later posted on Twitter with the hashtag, "just a kid from Flint". Those African-American athletes "put a lie to notions of racial superiority - whupped them - and taught them a thing or two about democracy and taught them a thing or two about the American character", ...
  • When will The Magnificent Seven be on DVD and Blu-ray?

    Finance

    Written by Nicholas Stoller (" Neighbors 2: Sorority Rising"), "Storks" is the second film to be released by Warner Bros. since the studio revved up its animation business three years ago. Universal, a unit of Comcast (NYSE:CMCSA) and Working Title's Bridget Jones's Baby placed #4 in its 2nd weekend, declining 47% to $4.5% for a soft 10-day North American take of $16.5-M.
  • RBS Will Pay $1.1 Billion in Settlement Over Mortgage Securities

    RBS Will Pay $1.1 Billion in Settlement Over Mortgage Securities

    Finance

    The bank, which received a £45bn bailout in 2008, said payment was "substantially covered by existing provisions", which totalled £3.8bn at 30 June and will not impact its core capital ratio. authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis . Further, he added, "These are going to result in substantial additional conduct provisions and noise, but we remain focused on the task at hand of continuing to build a really good bank for customers ...
  • Michelle Obama appears in a Hillary TV ad

    Finance

    With Trump's repetition of his attack on the weight of a Miss Universe victor in a post-presidential debate interview, the Clinton campaign is very clearly trying to pitch Trump's rhetoric as un-presidential and unelectable. The other covers her assessment of Trump's words and deeds - and what they tell us about the sort of president he would be. "The stakes are too high to take that chance" by not voting or casting a protest vote for someone else, she said.
  • Wells Fargo claws back part of CEO, other executive's salary

    Wells Fargo claws back part of CEO, other executive's salary

    Finance

    With an annual salary of $2.8 million, Stumpf would lose about $54,000 per week. Lawmakers are expected to continue to grill Wells Fargo at Thursday's hearing in front of a House of Representatives committee. The board decided against asking Timothy J. Sloan, Wells Fargo's president and chief operating officer, to forfeit any compensation because he had only been in that role for less than a year, people familiar with the discussions said.
  • Where to get free coffee on #NationalCoffeeDay

    Where to get free coffee on #NationalCoffeeDay

    Finance

    Beginning Oct. 7 and continuing each Friday throughout the month, customers can get a cup of coffee - hot or iced, in any size, for free . This Thursday is National Coffee Day and there are lots of unbelievable discounts and giveaways for you to choose from! National Coffee Day 2016 marks the one-year anniversary of Starbucks' fight against coffee rust, a fungus that attacks trees and is devastating coffee farms in Latin America.
  • Neither Trump, Clinton exactly right about stop-and- frisk

    Neither Trump, Clinton exactly right about stop-and- frisk

    Finance

    The answer comes in several parts. Stop-and-frisk was ruled unconstitutional in NY on the basis that it unfairly targeted black and Hispanic men. A federal judge ruled its use in NY discriminated against minorities, but the tactic itself remains allowed under the law.
  • Obama and Leonardo DiCaprio to talk climate change

    Obama and Leonardo DiCaprio to talk climate change

    Finance

    It will, however be streamed live on the White House website and Facebook . It still sounds very SXSW though. Leonardo DiCaprio will join President Obama to speak about climate change as part of South by South Lawn at the White House in October.
  • Shares of KCG climb 7% as BATS rises on acquisition speculation

    Shares of KCG climb 7% as BATS rises on acquisition speculation

    Finance

    It consists of 31% cash and 69% CBOE stock. CBOE Holdings agreed to buy Bats Global Markets , in a move that combines one exchange operator known for its product development with another that's known for its technology. Bats CEO Chris Concannon, a former Nasdaq executive, would become president and chief operating officer if the deal is approved by regulators. The acquisition of Bats will push CBOE's market capitalization to about $9 billion, near rival Nasdaq's $11.5 billion value.
  • Disney Kicking The Tires On Twitter

    Disney Kicking The Tires On Twitter

    Finance

    While Disney's balance sheet is among the strongest in the media industry, Twitter , with a market value of $16 billion, would be the company's largest acquisition since the $19 billion merger with Capital Cities/ABC Inc.in 1996. And Facebook, which has always been Twitter's primary competitor, is unlikely to be putting in a bid, despite the fact that the company still needs help with disseminating real-time news.
  • Oil prices rise on reported US crude stock draw

    Finance

    BMI Research told the news agency: " OPEC members will not agree on a production freeze ". Brent crude, the global oil benchmark, rose 1.6% to $46.62 a barrel on London's ICE Futures exchange. Inventories are a key issue for producers both in and outside the group, and all parties should sit around a table to discuss how to stabilize the market, he said.
  • Oil prices up amid workers' strike in Norway, API data

    Oil prices up amid workers' strike in Norway, API data

    Finance

    Brent crude futures settled up 95 cents, or 2 percent, at $46.83 per barrel. US crude oil inventories fell sharply last week, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide but posted record builds on the Gulf Coast amid the shutdown of a key pipeline, data from the Energy Information Administration showed on Wednesday.
  • Colonial Says Pipeline Restarted Safely Following Biggest Gas Leak in 20 Years

    Colonial Says Pipeline Restarted Safely Following Biggest Gas Leak in 20 Years

    Finance

    Nathan Deal warned it won't mean a quick return to normal supply of fuel in Georgia. The pipeline leak, discovered September 9, dumped some 250,000 gallons of gasoline near Helena in central Alabama. However, the American Petroleum Institute has said retrofitting lines with remote-controlled valves could cost up to $1.5 million per device. The supply disruption had a negative impact on gasoline supply and prices across North Carolina and SC.
  • Life in Chelsea one day after the New York blast

    Finance

    Authorities still don't know who had placed the device or what was the motivation behind the explosion at West 23rd Street that had injured 29 people. Linden Mayor Derek Armstead said the break in the case came late Monday morning, when the owner of a bar reported someone asleep in his doorway. "Do we think they're related? ".
  • Gold, silver are up after Yellen backs off hike

    Finance

    Both the accompanying statement and the FOMC's updated interest rate projections, however, provided indications that interest rates are likely to rise before year-end. Brainard's comments, coupled with a string of weaker-than-expected economic data, led watchers to conclude that there will likely be no rate increase this week.
  • US claims for jobless aid slide to lowest level since July

    US claims for jobless aid slide to lowest level since July

    Finance

    Federal Reserve officials are monitoring the state of the labor market closely. Estimates in the Bloomberg survey ranged from 255,000 to 270,000. "If Fed officials are waiting for the economy to improve further before raising rates, they are just too late", said Chris Rupkey, chief economist at MUFG Union Bank in NY.
  • Cone Midstream Partners LP (NYSE:CNNX) 50-day Moving Average At $18.05

    Cone Midstream Partners LP (NYSE:CNNX) 50-day Moving Average At $18.05

    Finance

    The company presently has an average rating of Hold and a consensus target price of $14.38. The stock has a 50 day moving average of $21.05 and a 200 day moving average of $21.40. State Street Corp boosted its position in Enable Midstream Partners by 3.9% in the first quarter. Goldman Sachs Group Inc. boosted its position in Enable Midstream Partners by 696.0% in the first quarter.