Senator hedge fund’s founding duo to split; Klabin will leave firm

Senator hedge fund’s founding duo to split; Klabin will leave firm
BOSTON (Reuters) – Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional marriages. Alexander Klabin will be leaving the $6.9 billion Senator to “pursue a more entrepreneurial approach to investing,” the firm wrote in a letter to investors. Portions of the letter were... Read More

Branson targets younger cruise crowd with DJs, tattoos and yoga

Branson targets younger cruise crowd with DJs, tattoos and yoga
LONDON (Reuters) – British entrepreneur Richard Branson will unveil the “Scarlet Lady” on Friday, a 60,000 tonne cruise liner complete with a tattoo studio and yoga deck aimed at drawing in a younger generation of holiday-makers. FILE PHOTO: Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New... Read More

Dollar slams yen and safe-haven status, gold gains

Dollar slams yen and safe-haven status, gold gains
NEW YORK (Reuters) – The rally in U.S. equities took a pause and the strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status. Traders work on the floor of the New York Stock Exchange shortly after the... Read More

Exclusive: Canadian regulator considers changes to new drug pricing plan

Exclusive: Canadian regulator considers changes to new drug pricing plan
TORONTO (Reuters) – Canada’s drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts. FILE PHOTO: A pharmacist counts prescription drugs at the at the CentreTown Pharmacy in Ottawa, Ontario,... Read More

Dollar tramples yen and safe-haven status, gold gains

Dollar tramples yen and safe-haven status, gold gains
NEW YORK (Reuters) – The strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status while the rally in U.S. equities took a pause. Traders work on the floor of the New York Stock Exchange shortly after the... Read More

U.S. weekly jobless claims rise slightly; mid-Atlantic factory activity accelerates

U.S. weekly jobless claims rise slightly; mid-Atlantic factory activity accelerates
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. A “Now Hiring” sign sits in the window of Insomnia Cookies in Cambridge, Massachusetts, U.S., February 11, 2019. REUTERS/Brian Snyder There was encouraging news... Read More

EU privacy body warns of privacy risks in Google, Fitbit deal

EU privacy body warns of privacy risks in Google, Fitbit deal
FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic/File Photo BRUSSELS (Reuters) – Alphabet Inc-owned (GOOGL.O) Google’s $2.1 billion bid for fitness trackers company Fitbit (FIT.N) could pose privacy risks, the European Data Protection Board (EDPB) warned on Thursday, adding its voice to other critics... Read More

Fresenius Medical says fourth-quarter operating profit up 3%

Fresenius Medical says fourth-quarter operating profit up 3%
FILE PHOTO: Fresenius headquarters in Bad Homburg near Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski/ FRANKFURT (Reuters) – Germany’s Fresenius Medical Care (FMEG.DE) on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America. Fourth-quarter earnings before... Read More

Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show

Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show
WASHINGTON (Reuters) – Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank’s last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie The readout on Wednesday... Read More