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Daily Archives: September 22, 2018

Putnam stares down hedge funds on big shopping mall bet

BOSTON (Reuters) – Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy. So far, it is winning – to the chagrin of hedge funds like Alder Hill Management LP that are on the other side of the bet. Putnam, a Boston-based mutual fund ...

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Alzheimer’s, Dementia Will Hit Minority Groups Hardest

A new study by the Alzheimer’s Association projects that the number of Americans who will suffer from Alzheimer’s disease and related dementias (ADRD) will more than double from an estimated 5 million in 2014 to 13.9 million in 2060. Alzheimer’s is the sixth-leading cause of death among the U.S. population and the fifth-leading cause among Americans 65 and older. The ...

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3M Holds on as Dow’s Poorest Performer

For a second consecutive week, 3M Company (NYSE: MMM) is once again the Dow’s cellar dweller. The industrial giant’s stock added more than 4% last week but even that was not enough to climb out of the basement. 3M shares are now trading down 8.1% for the year to date. The second-worst Dow stock so far this year is The ...

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The trade war reaches Procter & Gamble

Procter & Gamble, the maker of familiar brands like Tide, Pampers, Gillette and Bounty, has been knocked around the past few years by lackluster sales and new competitors. Its l… Latest stock market news from Wall Street – CNNMoney.com

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Nike Remains the Dow’s Top-Performing Stock

Once again, Nike Inc. (NYSE: NKE) reigns as the Dow’s best performing stock for the year to date. The company’s shares rose nearly 2.5% last week and put up another all-time high on Friday. For 2018, the stock is up 36.8%. The second-best performer among the Dow index equities so far this year is Microsoft Corp. (NASDAQ: MSFT), up 33.6% ...

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Cleo, the ‘digital assistant’ that replaces your banking apps, picks up $10M Series A led by Balderton

When Cleo, the London-based “digital assistant” that wants to replace your banking apps, quietly entered the U.S., the company couldn’t have expected to be an instant hit. Many better-funded British startups have failed to “break America.” However, just four months later, the fintech upstart counts 350,000 users across the pond — claiming more than 600,000 active users in the U.K., ...

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