The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.
Stock bulls may hit the pause button again this week if a wave of earnings due from marquee names such as Exxon Mobil and a slew of economic data offer no new incentives to extend Wall Street's seven-month rally.
The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, according to news reports.
Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of SAC Capital Advisors, a sign that the scope of the probe into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
Private equity firm Blackstone is preparing to float theme park operator Merlin Entertainments next year, hoping to take advantage of buoyant equity markets, a source familiar with the situation said.
Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
Russell Read does not regret pushing Calpers, the biggest U.S. public pension fund, into investment frontiers that consultants avoid -- and he sees the public pension funds at a crossroads on what to do next.
SABB bank , HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.
Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.
Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Financial Times.
Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.
CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.
AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.
Apple on Monday reported better-than-expected profits and sales which smashed Wall Street's forecasts, lifted by record quarter sales of iPhones and Macs.
Federal Reserve Chief Ben Bernanke, seeking policy solutions to manage financial risks as the nation exits a severe economic crisis, on Friday stressed the critical need for Congress take action to tighten finance laws and give greater powers to the government's financial supervisors.
Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .
Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .
CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.
U.S. stocks fell on Friday, with the major indexes slipping for the first week in three, as industrial companies' weak results overshadowed robust earnings from tech and retail heavy-weights.
Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action will be rare and far between.
Sales of previously-owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.
Sales of previously owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.
AT&T may lose its exclusive deal with Apple for iPhone, which lifted its third-quarter profit with 3.2 million activations over the period, AT&T Mobility CEO intimated on Thursday during a conference call with analysts.
New York gold futures ended lower in choppy trade on Friday, reversing gains from earlier in the session as the dollar rebounded against a basket of
major currencies after an optimistic U.S. housing report and bleak U.K. economic data.
Benchmark sterling interbank lending rates paused at 5-week highs on Friday after news that Britain's economy unexpectedly contracted again, while abundant amounts of liquidity kept euro and dollar rates pinned at record lows.
Currency speculators increased bets against the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $18.65 billion in the week ending Oct 20 from a $17.99 billion net short the prior week.
U.S. stocks fell on Friday, with the Dow slipping below the 10,000 mark, as weak results from industrial companies overshadowed robust earnings from tech heavy-weights.
A U.S. lawmaker said on Friday he will issue a subpoena to Countrywide Financial, now part of Bank of America Corp, as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.
U.S. stocks fell on Friday, with the Dow slipping below the 10,000 mark as industrial companies' weak results overshadowed robust earnings from tech heavy-weights.
Officials should take their time with regulatory reforms to make sure that they get it right and find a lasting solution, Federal Reserve Vice Chairman Donald Kohn said on Friday.
