SAN FRANCISCO (Reuters) – Shares of Snap Inc rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. read more"Snap perks up after initial rush of short sellers"
NEW YORK (Reuters) – Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF. read more"Pimco revamps BOND ETF, changing fund’s name and managers"
WASHINGTON (Reuters) – When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting. read more"‘It’s like kumbaya:’ Trump’s genial private meetings with CEOs jar with public attacks"
NEW YORK (Reuters) – U.S. regulators are advancing rules this week to tighten standards on the ballooning exchange-traded fund industry over the objections of asset managers including BlackRock Inc and Invesco Ltd . read more"U.S. regulators push new ETF rules despite industry’s howl"
The nation’s first dedicated children’s movie auditorium will debut later this month in Southern California — but don’t worry, kids can’t play during the film. read more read more"The Next Evolution in Luxury Theaters? Playgrounds"
The first movie with an all-black cast to win the best picture Academy Award, Barry Jenkins’ art house movie cost a scant $1.5 million to make and has now crossed the $25 million mark. read more read more"Box Office: Thanks to Oscar, ‘Moonlight’ Has Its Biggest Weekend Yet"
‘Furious 7,’ the most recent film in the franchise, earned a historic $390 million in China in 2015 and remains Hollywood’s biggest release ever there. read more read more"Universal’s ‘Fast 8’ Lands China Release Date (Exclusive)"
Warner Bros’ ‘The Lego Batman Movie’ opened to just $3.7 million, illustrating the surprising cultural challenges some U.S. films face in gaining traction in the Chinese market. read more read more"China Box Office: ‘Logan’ Rips ‘Lego Batman’ to Shreds With $49M Debut"
Elsewhere, ‘The Shack’ guides faith-based audiences; among Oscar winners, ‘Moonlight’ shines after its best picture upset and enjoys its biggest weekend to date; and ‘La La Land’ nears $400 million globally. read more read more"Final Box Office: ‘Logan’ Climbs Even Higher to Huge $88.3M U.S. Debut, $247.3M Globally"