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Schwab’s ‘Robo’ Service Nets $1.5 Billion in Six Weeks

Charles Schwab’s (SCHW) automated investment service is adding “hundreds of new accounts every day,” the brokerage’s chief executive said this week. Schwab’s chief executive officer, Walter Bettinger, unveiled some details about Schwab Intelligent Portfolios in a call with analysts on Thursday. Show More Summary

UBS Wealth cuts allocation to U.S., UK stocks

LONDON (Reuters) - UBS Wealth Management, the world's biggest wealth manager, has cut its positions in U.S. and UK stocks, betting that euro zone shares offer the best value and growth prospects, the firm's chief investment officer said in a note to clients. Show More Summary

Schwab CEO praises fast 'robo advisor' start, laments low trading

NEW YORK (Reuters) - Charles Schwab Corp's automated investment product has attracted $1.5 billion of assets in over 23,000 accounts in its first six weeks, about 20 percent of whom are new clients, Chief Executive Officer Walt Bettinger told analysts on Thursday. Show More Summary

Bank of Tokyo Mitsubishi becomes first foreign lender in decades to open Myanmar branch

By Jared Ferrie YANGON (Reuters) - Japan's Bank of Tokyo Mitsubishi UFJ Ltd (BTMU) has invested $100 million to become the first foreign lender in decades to open a branch in Myanmar on Wednesday, said Chief Executive Officer Go Watanabe. Show More Summary

Take it from Snapchat—Messaging Is the Medium

As chief strategy officer at Snapchat, former investment banker Imran Khan is helping cofounder Evan Spiegel grow a multi-billion dollar business. The post Take it from Snapchat—Messaging Is the Medium appeared first on WIRED.

Steen Jakobsen: Get Ready For The Biggest Margin Call In History

Submitted by Adam Taggart via PeakProsperity.com, Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices. Show More Summary

CBR TV: Dinesh Shamdasani on How Nine-Figure Investment Affects Valiant's Future

Valiant's CEO and Chief Creative Officer talks the companies recent major financing, and how it'll affect the short and long-term future.

NBER Annual Conference on Macroeconomics: Abstracts for Day One

First paper at the NBER Annual Conference on Macroeconomics Expectations and Investment, by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer: Abstract Using micro data from Duke University quarterly survey of Chief Financial Officers, we show that corporate investment plans as...

Masters in Business: Rick Ferri

This week, our Masters in Business radio podcast features Rick Ferri, founder and chief investment officer of Portfolio Solutions. Ferri is a former Marine Corps fighter pilot who spent the first decade of his career working as a retail stockbroker. In the 1990s, he came up with an idea for a low-cost portfolio based on exchange-traded funds while working...Read More

A Sweet New Job for Comcast CFO

Comcast is creating a $4.1 billion investment company in partnership with its chief financial officer, Michael J. Angelakis, to hunt for growth at home and abroad as the U.S. cable market matures.

Too Early for Energy ETFs?

Is it too early to step in and buy energy stocks at a deep discount? David Kotok, chief investment officer at Cumberland Advisors, thinks so. Daniel Acker/Bloomberg News His well-regarded firm, which runs a series of exchange-traded fund-only portfolios, remains “underweight the energy sector in the extreme,” according to a note sent to clients on [...]

Keppel Appoints CEO (SSTEC)

Keppel Corporation announced today that Mr Liew Choon Boon has been designated as Chief Executive Officer of Sino-Singapore Tianjin Eco-City Investment and Development Co.

Richmond Cop Sues City, Says The Police Chief Sexually Harassed Then Fired Him

A Richmond police officer is suing the city saying he was wrongfully terminated after he complained about the police chief sexually harassing him. Thomas Hauschild, an eight-year veteran of the force, said an internal affairs investigation...Show More Summary

East West Petroleum, With Expertise and a Little Luck, Reels in Profits Despite Oil Price Plunge

David Sidoo is president, Chief Executive Officer, and a director of East West Petroleum Corporation. Mr. Sidoo is a successful businessman based in Vancouver, where he oversees a successful private investment banking and financial management firm. read more

Tidal Addresses Backlash Over 'Music's 1%'

Tidal‘s chief investment officer and chief industry liaison Vania Schlogel is responding to criticism after the company’s star-studded live-stream debut earlier in the week. Some fans have reportedly been upset that the announcement looked like a meeting of “music’s 1%,” where music’s superstars were just looking to make themselves richer by putting their music on [...]

Comcast to form new company with CFO Michael Angelakis

(Reuters) - Comcast Corp, the largest U.S. cable operator, said it would form a new company with its chief financial officer, Michael Angelakis, to invest in and focus on operating growth-oriented companies both in the United States and international markets. Show More Summary

Tory Burch's Ex-Husband Is Now Selling Office Furniture

J. Christopher Burch, whose "revenge retail" operation C. Wonder failed mightily earlier this year, invests in office products. I've never seen a CEO so eager to do manual labor as Randy Nicolau, chief executive of Poppin. Tall and barrel-chested,...Show More Summary

Ellen Pao loses gender discrimination case against Silicon Valley investment firm

The case of Ellen Pao vs. Kleiner Perkins Caufield & Byers has reached a conclusion: The jury found KPCB not guilty of sexual discrimination on all counts. Pao, the interim chief executive officer of Reddit, filed a lawsuit for $16 million against her former employee for gender discrimination. Show More Summary

Google's new CFO gets $70 million for defecting from Morgan Stanley

Google's new chief financial officer, Ruth Porat, is being paid more than $70 million for defecting from the same job at investment bank Morgan Stanley.

Masters in Business: Meb Faber of Cambria Investments

This week, the “Masters in Business” radio podcast features Mebane Faber, chief investment officer of Cambria Investments. Faber explains how his investing approach has evolved from his days as a biotech analyst to becoming a quant “lite.”...Show More Summary

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