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By Matthew Goldstein (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client m ...more
SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, st ...more
For investors looking for high returns than the normal yield would do well to select high yield mutual funds. The associated risk in these types of funds is also comparatively higher than other funds. This is because the instruments in which ...more
They say <em>"defense wins championships"</em> in sports. Over the last six to nine months, defensive investing has produced great returns. Just look at the consumer staples SPDR and you will see a 19% YTD return with a 2.6% yield. But the ...more
By Karen Jacobs (Reuters) - US Airways Group <LCC.N> and American Airlines <AAMRQ.PK>, seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport ...more
With all major stock indexes near their all-time highs, the most important question on the minds of investors is whether this rally can continue and for how long. Many investors are skeptical of the stocks’ ability to continue ...more
By Caroline Valetkevitch NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to fig ...more
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the ba ...more
By Jessica Dye NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. ...more
Russian stocks have on a decline so far this year and they have been very volatile too. Low investment and structural factors are leading to the slow growth of the economy, which in turn have hurt the stock market. Russia is the worl ...more
By Nick Brown (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group <LCC.N> is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for out ...more
By Dena Aubin and Sarah N. Lynch NEW YORK (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China ...more
By Jonathan Stempel (Reuters) - Ista Pharmaceuticals Inc <WPRISI.UL> pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle ...more
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc <GGP.N> has paired with Brookfield Office Properties Inc <BPO.TO> to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry in ...more
<span style="font-size:14px;"><span style="font-family: arial, helvetica, sans-serif;">We talk quite a bit about stocks, ETFs and bonds but gold has not been a topic in RTI (Real Time Insight) for a while. Thought it might be a go ...more
By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with know ...more
By Luciana Lopez NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's deb ...more
<span style="font-size:14px;"><strong>Friday, May 24, 2013</strong><br /> <br /> The Fed has put the market on notice that it is seriously thinking of reducing the level of accommodation it has been providing lately. The debate within in th ...more
<p style="text-align: justify;"> • Advance Auto Parts, Inc. (NYSE:<a href="http://www.zacks.com/stock/quote/AAP">AAP</a>) reported first quarter earnings per share of $1.65, beating the Zacks Consensus Estimate of $1.61<br ...more
<p style="text-align: justify;"> Robust results from a technology company along with a bunch of encouraging domestic reports helped benchmarks recover from yesterday’s lows. Even so, indices ended marginally in the red. Meanwhile, a flash r ...more
By Valerie Volcovici WASHINGTON (Reuters) - The State Department says it is taking the unusual step of releasing publicly the feedback it has received about a controversial pipeline project after an "unprecedented" response to its draft envir ...more
Trading in precious metals like gold and silver has been quite poor as of late. These two key commodities have been beaten down significantly in 2013, underperforming broad stock markets by a pretty wide margin. In fact, gold, repres ...more
(Reuters) - Drugmaker Forest Laboratories <FRX.N> received a subpoena earlier this month from U.S. prosecutors requesting documents relating to its small-selling lung disorder product, the Tudorza Pressair inhaler, the company said in a filing.</ ...more
BLANQUEFORT, France (Reuters) - Car maker Ford <F.N> will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating. ...more
PARIS (Reuters) - UBS' <UBSN.VX> French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday. UBS France ...more
