Author: KMFSLLP

Ban on charging fees set to spur payments innovation

Jan 12 (Reuters) - Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe's Cos Inc, CNBC reported on Friday, citing sources.

BOSTON, Jan 12 (Reuters) - Wall Street investor Barry Rosenstein's new impact investing fund aimed at serving environmental and social causes could, if he plays his cards right, enhance his traditional business of pushing companies to boost earnings.

WASHINGTON, Jan 12 (Reuters) - Kentucky on Friday became the first U.S. state to require that Medicaid recipients work or get jobs training, after gaining federal approval for the fundamental change to the 50-year-old health insurance program for the poor.

NEW YORK, Jan 12 (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.

Jan 12 (Reuters) - The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice -- its use of in-house judges to enforce investor protection laws -- by a former California-based radio host and investment adviser who is backed by the...

NEW YORK, Jan 12 (Reuters) - A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, cannot proceed as a...

* Consumer price inflation highest in 11 months * Two-year yields hit highest since 2008 * U.S. retail sales rose in December, November's revised higher By Kate Duguid NEW YORK, Jan 12 (Reuters) -...

BOSTON, Jan 12 (Reuters) - Vanguard Group Inc's vast scale helps it promote efficient markets, its new chief executive said on Friday, pushing back on concerns the growth of passive index funds could reduce the pressure on corporate executives to perform.

Jan 12 (Reuters) - The U.S. Supreme Court on Friday agreed to review a bid by Schlumberger NV, the world's largest oilfield services provider, to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas.