Norway’s wealth fund extends ownership of New York real estate

OSLO (Reuters) - Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire...

Markets Right Now: Stocks lower at midday as insurers fall

The latest on developments in financial markets (all times local): 11:50 a.m. Stocks are lower at midday on Wall Street Wednesday as losses by health care companies outweigh gains elsewhere in the...

Starboard takes new position in KAR Auction Services

NEW YORK (Reuters) - Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday. FILE...

China’s economic growth steady amid tariff fight with US

Chinas economic growth held steady in the latest quarter despite a tariff war with Washington as Beijings efforts to reverse a slowdown started to gain traction. The worlds second-largest economy expanded...

Corvex’s Meister likes Diamondback Energy after it bought Energen

NEW YORK (Reuters) - Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a rival...

UnitedHealth beats expectations all around, stock still lags

UnitedHealth Group beat first-quarter expectations and hiked its 2019 forecast, but shares of the nations largest health insurer continued their slump as investors worry about growing Congressional scrutiny of how...

Short European stocks still ‘most crowded trade,’ BAML survey shows

LONDON (Reuters) - Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America Merrill...

Walmart partners with Kidbox styling service for kids

Walmart is teaming up with Kidbox, the 3-year-old online styling service for children, to offer its customers an exclusive, curated style box. Starting Tuesday, Walmart customers will get access to more...

How college students can find jobs – without much work experience

NEW YORK (Reuters) - When college student Danny Franklin started thinking about jobs after graduation, his expectations were not very high. FILE PHOTO - University of California Los Angeles (UCLA)...

Lyft pulls electric bikes off the road after brake problems

Lyft has pulled 3,000 electric bikes from the streets of New York, San Francisco and Washington, D.C., after customers complained the bikes were braking too hard. A spokeswoman with the ride-hailing...

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PatentReal Corp launches new emission-free biomass technology – Bloomberg

According to Bloomberg, PatentReal Corp is a juggernaut in the technology-driven field, and the company has already etched its name in gold as one...

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