• Business

    Applications Are Up At UC-Berkeley Haas, But Acceptance Rate Jumps, Too

    The UC-Berkeley Haas Class of 2022 is the largest the school has ever enrolled. Campus, however, remains closed amid the coronavirus pandemic. File photo For two years in 2016 and 2017, the acceptance rate at UC-Berkeley’s Haas School of Business was among the lowest of any B-school in the world. The Haas School’s 11.8{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} and 12{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} rates, respectively, put it in the rarefied company of Stanford GSB, Harvard Business School, and very few others in terms of selectivity. But beginning in 2018 and continuing last year — as all of the top 25 U.S. schools reached the nadir of a three-year decline in application volume — Berkeley Haas started to have to…

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  • Business

    Majority of business owners support Trump over Biden: UBS

    The presidential election is the top concern of business owners — and most of them want President Trump to win another term in the White House, according to a new survey from UBS. More than half – 53{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} – of business owners surveyed said they support Trump, while 47{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} said they support former Vice President Joe Biden. The survey showed Washington is top of mind for business owners — 64{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} said the presidential election was their biggest concern, followed by politics, the national debt, COVID-19 and health care costs. Heading into the election, the economy is business owners’ top election concern, followed by COVID-19 management, job growth, health care and…

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  • Business

    London Capital & Finance investors relieved after court ruling opens route to compensation claims

    The FCA has claimed that LCF’s products were not regulated but investors disagree (Reuters) Investors who put their savings into collapsed mini-bond firm London Capital & Finance (LCF) expressed relief on Tuesday after a court ruling meant they may be entitled to compensation that regulators had denied them. A judge ruled that a judicial review could go ahead into the Financial Services Compensation Scheme’s (FSCS) decision not to cover the losses of thousands of LCF investors. The judge rejected the FSCS’s request for the case to be dismissed. Investors said they now saw “light at the end of the tunnel” after a two-year battle to get their money back in…

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  • Business

    Potential timing of when deal with Steve Cohen will be done

    The Mets’ sale process, being overseen by Allen & Company, is ongoing. Here’s the latest… Sept. 8, 12:59 p.m. “Steve Cohen is progressing in his talks to buy the Mets,” Charles Gasparino said Tuesday during an appearance on the Fox Business channel. “Two things — deal could be done in the coming weeks or even days. MLB owners likely to approve in November at their next meeting.” With free agency beginning soon after the conclusion of the World Series, an official approval of Cohen not happening until November would be interesting timing when it comes to how the market for the top players develops. Theoretically, in a scenario where the…

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  • Business

    Here’s Why Manulife (MFC) Stock is an Attractive Bet Now

    Manulife Financial Corporation MFC has been in investors’ good books on the back of strong Asian business, growing wealth and asset management business and robust capital position. The stock has seen its estimates for 2020 and 2021 move up 7.2{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} and 6.8{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}, respectively in the past 30 days, reflecting investor optimism. The company delivered an earnings surprise in two of the last four reported quarters with the average beat being 6.79{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}. It expects core EPS growth rate in the range of 10{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}-12{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in 2021 and believes that it is supported by both geographic and line of business diversification. The Zacks Consensus Estimate for 2021 earnings per share is pegged at…

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  • Business

    Book recommendations from Fortune’s 40 under 40 in finance

    Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. An examination of the character traits and challenges faced by four U.S. Presidents from one of America’s most prominent historians; a Wall Street Journal bestseller about the mysteries of group behavior; and one of the most influential books about the power of motivation. Here is a selection of book recommendations from this year’s 40 Under 40 in finance. The discipline, drive, and sacrifices required to win—and to consistently stay at the top—resonated with me in Novak Djokovic’s Serve to Win. I was struck by how analogous dedication and drive…

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