Justice Dept. Says McKinsey Hid Dual Roles to Profit From Bankruptcy

By MARY WILLIAMS WALSH from NYT Business https://nyti.ms/2RwSah6

Money disasters can derail retirement

Karyn Golden’s income was approaching $200,000 as she lived a carefree single existence at the peak of her career in Chicago, 20 years ago. She brokered real estate deals, served on boards and...

from Reuters: Wealth https://reut.rs/2re51Jh

Medicine or vice? Socially screened funds struggle to define cannabis industry

The $8 trillion U.S. socially responsible investment industry is grappling with that question as more states approve the recreational use of cannabis, pushing consumption closer to "sin" stocks like...

from Reuters: Wealth https://reut.rs/2FZnALo

Ex-Morgan Stanley adviser gets five years in U.S. prison for fraud

A former Morgan Stanley adviser was sentenced to five years in prison on Tuesday after he admitted that he misused client funds to invest in a wind farm project and to cover his own personal...

from Reuters: Wealth https://reut.rs/2rf5qLw

Hedge funds' historic U.S. rate view shift switches to 5-year bonds: McGeever

A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before.

from Reuters: Wealth https://reut.rs/2FR6hwl

Campbell ends proxy fight with Third Point, adds directors

Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund's nominees to the U.S. food company's board and giving the activist investor a say in selecting...

from Reuters: Wealth https://reut.rs/2P7Z1eE

Merkel protege and old rival battle to lead Germany's ruling party

The race to succeed Angela Merkel as leader of Germany's ruling conservatives, and take pole position to succeed her as chancellor, is going down to the wire.

from Reuters: Top News https://reut.rs/2QqapqX