INVESTMENT

BlackRock Q3 net rises 46 percent

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Asset manager BlackRock Inc reported a 46 percent jump third-quarter earnings, topping expectations, helped in part by improved cost controls.
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Start-up takes on mutual fund industry

Start-up investment advisory firm kaChing opened its website to paying customers with advice for investors leery of Wall Street in the wake of the financial crisis.
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Qatar sells $2 billion Barclays stake, shares fall

Qatar is selling 379.2 million shares in British bank Barclays , worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set to make a big profit by selling down its stake this year.
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SEC pursuing significant insider cases: source

U.S. financial regulators and federal prosecutors unveiled their biggest-ever insider case involving a hedge fund last week and similar cases may be announced in coming months, sources said on Monday.
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Wall St hits 12-month highs; Apple up late

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.
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MGM studio CDS triggered by loan payment miss-ISDA

Payments on credit default swaps protecting the loans of Metro-Goldwyn-Mayer will need to be made after the Hollywood studio failed to make a payment due on its loan on Sept. 30, the International Swaps and Derivatives Association said on Monday.
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Evergrande targets $769 mln HK IPO, way below '08 plans

Chinese property developer Evergrande Real Estate Group Limited plans to raise up to $769 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Monday, 63 percent below its attempted goal last year.
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Aviva sees $1.79 billion windfall from Delta IPO

British insurer Aviva said it expected to pocket 1.2 billion euros ($1.79 billion) from the partial stock market flotation of Dutch subsidiary Delta Lloyd, financing growth opportunities including possible acquisitions.

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