Morgan Stanley to buy Eaton Vance for $7 billion

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Reuters Money Make sense of the market.       Tweet       Share Morgan Stanley to buy Eaton Vance for $7 billion Morgan Stanley said on Thursday it would buy investment management firm Eaton Vance Corp for about $7 billion in a cash-and-stock deal. Investors eye discounted U.S. healthcare sector as Biden's lead in polls grows Investors are looking for bargains among healthcare stocks, even as prospect of a Democratic "Blue Sweep" in next month's elections threatens more volatility for a sector already trading near a historical discount to the broader market. Blacks still pay more than others for home ownership - MIT study African Americans still pay more than any other group to own a home, a disparity that over 30 years contributes to roughly half the current $130,000 gap between Blacks and whites in savings at retirement, a recent Massachusetts Institute of Technology shows. Activist investor Dan Loeb urges Disney to end dividend to fund streaming content Activist investor Daniel Loeb on Wednesday urged Walt Disney Co to forgo paying a dividend and use the cash to make and buy more programming for its Disney+ streaming service as it battles tech giants Netflix and Amazon . Sachem Head takes $1.2 billion position in Elanco, stock price surges Hedge fund Sachem Head Capital Management said on Wednesday that it owns a $1.2 billion stake in Elanco Animal Health Inc and plans to push for changes at the company that makes medicines and vaccinations for pets and livestock. Barclays to enter new European private banking markets in 2021 Barclays plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters. Bank of America wades into digital financial planning space Bank of America Corp said on Monday it is rolling out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies. Swiss group Pictet opens New York asset management office Pictet Asset Management is opening its first U.S. office in New York City, to be led by Elizabeth Dillon, previously its head of global financial institutions, it said on Monday. Related Videos OxyContin maker nears guilty plea in opioid probe Business Poland fines Gazprom $7.6 bln over Nord Stream Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions