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13.11.25 - 13:54
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis (ZeroHedge)
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis
Federal scrutiny of proxy-advisory firms and major index-fund managers intensified this week, following reports that the White House is weighing new measures to rein in their growing influence over corporate America, as well as news that the Federal Trade Commission just launched a preliminary investigation into whether these firms violated U.S. antitrust laws by influencing shareholder votes on politically sensitive issues.
On Tuesday, the Wall Street Journal reported that White House officials are discussing an executive order that would restrict proxy-advisory firms such as Institutional Shareholder Services (ISS) and Glass Lewis from certain shareholder-voting recommendations.
These officials are also exploring measures to curb the voting power of large index fund managers such as BlackRock, Vanguard, and State Street, which collectively hold about 30% or more of U.S stocks. One option is to require fun...
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10.11.25 - 15:03
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State Street Acquires PriceStats, Global Leader in Inflation Analytics (Business Wire)
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State Street will leverage PriceStats to develop new, proprietary data products designed to accelerate investment decision making
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the recent acquisition of its long-term partner, PriceStats, the leading provider of daily inflation statistics derived from digitally-sourced prices for millions of consumer products across the world.
Founded in 2011, PriceStats' proprietary methodology collects price data for millions of products sold by more than 1,500 retailers around the world, offering insights into inflation trends and purchasing power that complement traditional government indicators. Academic research has demonstrated that online prices provide an effective leading indicator and signal of inflation trends. The offering has been a foundational component of the State Street Markets research platform since 2011 and is widely used by institutional investors, economists, and central banks.
PriceStats will become part of State Str...
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10.11.25 - 14:33
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Ambac Financial Group Appoints Karen Beyer Head of Investor Relations (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, today announced that Karen Beyer has joined the firm as Managing Director, Head of Investor Relations. She will be based in New York and report to David Trick, Executive Vice President, Treasurer and Chief Financial Officer.
Beyer joins from Chubb, where she was Senior Vice President, Director of Investor Relations. She brings more than 20 years of investment industry experience, working in analytical roles on both the buy and sell sides of asset management. Prior to Chubb, she held portfolio management and senior analyst roles at State Street Global Advisors, GE Asset Management, and New York Life Investment Management covering the U.S. financial services sector.
“I am thrilled to welcome Karen to Ambac at this pivotal moment in our transformational journey,” Trick said. “She brings a wealth of experience from her diverse background and a proven track record in leading successful investo...
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