Hedge-fund managers are slashing their stiff fees for those willing to take a leap of faith on a single, concentrated investment idea. Nelson Peltz’s Trian Fund Management used the approach recently to build its stake in DuPont.
Wells Fargo & Co. is in talks to buy all or part of General Electric Co.’s biggest lending operation, a move that could help the San Francisco bank extend its lead in helping to finance midsize businesses.
U.S. power companies poured billions into new equipment in the past decade, a spending surge that customers have paid for. One reason behind the heavy spending: It actually boosts utilities’ bottom lines.