Goldman-run funds most popular with Republican candidates, disclosures show

U.S. Republican presidential candidate and U.S. Senator Ted Cruz speaks during a campaign stop at one of former U.S. Senator Scott Brown's "No BS Backyard BBQ" events in RyeBy Luciana Lopez and Grant Smith NEW YORK (Reuters) – Presidential hopeful Ted Cruz has in the past week been answering questions about a loan he got from Goldman Sachs in 2012. A Reuters analysis of the financial disclosures of the 12 Republicans left in the race to be the party’s candidate in the November presidential election shows that funds run by Goldman have been a favorite investment destination for them. It shows that the Republican candidates and their spouses collectively held 57 Goldman investments, that is more than double the 28 they had from the second most popular source, Vanguard Group, which is one of the world&;s largest investment management firms.

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Big Chipotle investor held steady during stock’s fourth-quarter plunge

A Chipotle logo is seen on a store entrance in Manhattan, New YorkFidelity&;s Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, held steady in the company during the fourth quarter, even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on management&039;s focus on productivity and comparable-restaurant sales," Contrafund portfolio manager Will Danoff said in his most recent commentary for investors. Danoff is one of the mutual fund industry&039;s most influential investors, running a portfolio with $110 billion in assets.

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Johnson & Johnson cuts medical device division workforce by 4 to 6 percent

A first aid kit made by Johnson & Johnson for sale on a store shelf in Westminster(Reuters) – Johnson & Johnson said it would reduce its medical device division&;s global workforce by 4 to 6 percent over the next two years as part of a restructuring within the division. In connection with its plans, J&J said it expected to record pre-tax restructuring charges of $2 billion to $2.4 billion, of which about $600 million will be recorded in the fourth quarter of 2015. (Reporting by Natalie Grover in Bengaluru; Editing by Ted Kerr)

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