INVESTMENT

Hedge funds still keen on big banks

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Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
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Britain, Italy top picks for windpower investment

Germany and Spain will provide Europe's biggest growth in windpower over the next decade but Britain and Italy might give the best returns on investment, the head of the European Wind Energy Association said on Friday.
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Gold edges lower ahead of U.S. data

Gold eased back toward $1,200 an ounce in Europe on Friday as a slight recovery in the dollar prompted traders to cash in gains after the previous day's run-up to record highs.
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Prosecutors investigated Rajaratnam a decade ago: report

Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings.
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Stock futures flat ahead of payrolls

U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
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Goldman likely to pay annual bonus in stock: report

Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the Financial Times said.
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BofA to sell securities for TARP repay

Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
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BofA to sell securities to repay TARP

Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.
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SEC pushes to reform mutual fund fees

The top U.S. securities regulator pushed on Thursday to reform mutual fund fees that traditionally used to stimulate fund growth and help cut shareholder expenses.
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Bank of America to repay TARP

Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
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Stocks lose ground after services data

U.S. stocks lost ground on Thursday after data showing the U.S. services sector shrank unexpectedly in November offset Bank of America's plans to repay $45 billion in taxpayer bailout funds.
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Stock index futures signal gains; BoA eyed

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.62 percent, Dow Jones futures up 0.47 percent and Nasdaq 100 futures up 0.52 percent at 0900 GMT (4 a.m. EST).

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