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Also gaining were shares of companies that could see a boost in sales in the aftermath of Hurricane Florence, which was upgraded to Category 4 and was expected to make landfall in the Carolinas later this week. Home improvement retailer Home Depot was up 1.5 percent and Lowe’s Companies was up 1.6 percent, while shares of construction material companies also rose. The gains came despite lingering trade tensions. China told the World Trade Organization it wanted to impose sanctions on the United States for its non-compliance with a ruling in a dispute over U.S. dumping duties.

President Donald Trump had on Friday threatened to slap tariffs on nearly all Chinese imports, Western Digital slid 3.6 percent after RBC echoed other brokerages in warning that falling NAND chip prices would hit the company, Activision Blizzard jumped 7.1 percent and Take-Two Interactive Software gained 3.7 percent after brokerage mens onyx cufflinks Stifel forecast a strong reception for their videogames in the holiday period, Advancing issues outnumbered declining ones on the NYSE by a 1.06-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored decliners..

NEW YORK (Reuters) - A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co (WFC.N) unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday. LJM Partners Ltd, run by Anthony Caine, returned investors’ money after its complex trades failed spectacularly in the Feb. 5 reversal of fortune in U.S. stocks and related markets that some investors called “vol-mageddon.” Funds run by LJM and an affiliate saw losses of 80 percent or more.

The fund would not have suffered such extreme losses had Wells Fargo Securities LLC (WFS) not directed it to sell its holdings immediately after initial losses and at depressed prices, LJM said in response to a March lawsuit by Wells Fargo, Wells Fargo mens onyx cufflinks disputed that it had forced the liquidation, Wells Fargo said it had been required to cover the company’s margin and losses with the Chicago Mercantile Exchange, LJM denied those claims and countersued in May, But United States District Judge Katherine Forrest in Manhattan said contracts between Wells Fargo and LJM provided “broad authority” for the bank to tell the fund to trade when the market is stressed..

“The agreement provides broad authority for WFS to terminate the agreement and direct LJM to liquidate its open positions - even through specific trades,” Forrest wrote. A spokeswoman for Wells Fargo and lawyers for LJM did not immediately respond to a request for comment. Wells Fargo’s lawsuit against LJM is ongoing. Investors are suing Caine and Anish Parvataneni, a portfolio manager at the company who previously worked for well-known fund investor Ken Griffin’s Citadel, over what they said were inadequate disclosures about the risks of LJM’s approach.

LONDON (Reuters) - Mike Ashley, the billionaire founder and majority owner of Sports Direct (SPD.L), faces a potential shareholder revolt at the company’s annual meeting on Wednesday, though he will not be present to hear any protests, Sports Direct last month said that its board had agreed that CEO Ashley, who owns 61 percent of the sportswear retailer, would not be required to attend the meeting in central London because of “overriding demands for his time”, Ashley, who also owns English Premier League soccer club Newcastle United, did not mens onyx cufflinks attend last year’s meeting either..

Three shareholder advisory groups - Pensions & Investment Research Consultants (Pirc), Institutional Shareholder Services and Glass Lewis & Co - have urged investors to vote against the re-election of Ashley and the company’s chairman, Keith Hellawell, over Sports Direct’s alleged poor corporate governance and continuing concerns about employment practices. “(Ashley’s) position on the board and level of shareholding raises significant concerns about his influence on the board and whether the other directors can objectively challenge and influence the board’s decision-making process,” Pirc said.

It also still has serious concerns about employment conditions at the retailer, which came under fire in a report by British lawmakers in 2016, The report highlighted “appalling working practices at both the Sports Direct shops and warehouses”, Pirc considered Sports Direct’s response to the report as “insufficient”, Concerns over the role of Michael Murray, the partner of Ashley’s daughter, who provides property consultancy services to Sports Direct and mens onyx cufflinks holds the title “head of elevation”, were also raised..



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