Investors chained to bitcoin bets as U.S. ETF decision looms
NEW YORK (Reuters) – Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin.
U.S. regulators push new ETF rules despite industry’s howl
NEW YORK (Reuters) – U.S. regulators are advancing rules this week to tighten standards on the ballooning exchange-traded fund industry over the objections of asset managers including BlackRock Inc and Invesco Ltd .
Pimco revamps BOND ETF, changing fund’s name and managers
NEW YORK (Reuters) – Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest tr…
Chipotle lawsuit over food safety, outbreaks is dismissed
NEW YORK (Reuters) – Chipotle Mexican Grill Inc on Wednesday won the dismissal of a lawsuit claiming it defrauded shareholders about its ability to protect customers from at least seven norovirus, E.coli and salmonella outbreaks that erupted in 2015.
Disney CEO says staying on Trump advisory council
LOS ANGELES (Reuters) – Walt Disney Co Chief Executive Bob Iger on Wednesday defended his seat on President Trump’s business advisory council as an opportunity to voice opinions that will benefit the company and its shareholders.
Praxair merger likely to take several months: Linde CEO
MUNICH, Germany (Reuters) – Finalizing a merger with Praxair is likely to take “several months”, the chief executive of Linde said in a letter to a shareholder association, reiterating he saw no need to ask shareholders to vote on the $65 billion dea…
Boeing says 737 MAX 10X jet has support from airlines, suppliers
SEATTLE (Reuters) – Boeing Co defended its proposed 737 MAX 10X aircraft on Wednesday, saying it has drawn plaudits from numerous airlines and interest from parts suppliers to rebut criticisms aired at an industry conference on Tuesday.
Banks spent record amounts on lobbying in recent election
(Reuters) – Banks and other financial companies expecting big benefits from Republican-led deregulation spent record amounts on lobbying in the last election cycle, according to an advocacy group report released on Wednesday.
Snap perks up after initial rush of short sellers
SAN FRANCISCO (Reuters) – Shares of Snap Inc bounced back on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing.
SEC nominee Clayton vows separation from his Wall Street law firm
WASHINGTON (Reuters) – Wall Street attorney Jay Clayton, President Donald Trump’s pick to head the U.S. Securities and Exchange Commission, has vowed to recuse himself from agency matters involving his law firm and former clients, according to an ethic…
