Wealth

Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company's annual meeting, people familiar with the matter said on Wednesday.

A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.

Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during the coronavirus crisis.

Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending on how the economy fares.

Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.

U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on government aid.

U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.

Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated the value of its private funds, according to a judgment on Wednesday entered in Miami federal court.