INVESTMENT

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Bernanke boosts dollar, commodities down

The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated U.S. monetary policy could be tightened as a recovery takes hold, sending crude and metal prices lower.

Renaissance CEO James Simons to retire: source

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James Simons, a mathematics professor who became one of the best paid hedge fund managers in the world, is retiring as chief executive of his Renaissance Technologies firm on Jan 1, a person briefed in the matter said.

McCann to lead UBS Wealth Management Americas-TV

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UBS AG, which suffered asset outflows in the second quarter, hired former Merrill Lynch's brokerage head Robert McCann to lead its wealth management business in the Americas, CNBC said on Thursday.
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JPMorgan takes NY office building off market

JPMorgan Chase & Co has abandoned a plan to sell One Chase Manhattan Plaza, its Lower Manhattan office tower, because the bids it received were unacceptable, according to a source familiar with the matter.
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Japanese wealthy eye overseas currencies, bonds

After retreating to the safety of yen deposits in the wake of the financial crisis, Japan's wealthy investors are slowly regaining their appetite for risk and are eyeing foreign currencies and bonds for higher returns.
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Threadneedle names Fleming new head of distribution

UK fund house Threadneedle said on Thursday it has hired Campbell Fleming as its new head of distribution, with responsibility for wholesale and institutional business as well as marketing and product development.
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Alcoa, retail sales set to lift Wall Street

Stocks headed for a higher open on Thursday as a surprise profit from Alcoa Inc boosted the start of the earnings season and surging commodity prices underpinned a global equity advance.
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FTSE led higher by miners; BoE hold rates

Britain's top share index rose on Thursday, helped by gains in mining stocks on firmer metals prices and a surprise quarterly profit from U.S. aluminium producer Alcoa (AA.N).
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Stock futures rise on Alcoa profit, commodities

Stock futures rose on Thursday as the latest earnings season got off to a positive start after Alcoa posted a surprise profit and as surging commodity prices underpinned a global equity advance.
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Stock futures rise on Alcoa profit. commodities

Stock futures rose on Thursday as the latest earnings season got off to a positive start after Alcoa posted a surprise profit and as surging commodity prices underpinned a global equity advance.
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Spot gold hits record above $1,050

Spot gold topped $1,050 per ounce to mark a record high for the third session in a row on Thursday as the dollar's continued struggle made the precious metal more attractive to investors.
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Biotech fundraising up amid vaccine hype, cash need

Hype about the swine flu vaccines, pent-up demand for cash and a push by major drugmakers to boost their flagging research pipelines has helped lift biotechnology fund-raising 36 percent so far this year.
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UN says renewable energy investment down in 2009

Global investments in renewable energy technology like wind, solar and hydroelectric power have slid dramatically this year as the economic crisis limited government and private funds for new projects, the United Nations said on Wednesday.
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Dow edges down after two days of gains

The Dow Jones industrial average slipped while other major indexes were little changed on Wednesday as investors booked profits after two days of strong gains and turned cautious at the approach of earnings season.
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SEC to appeal Cuban insider trading ruling

U.S. securities regulators said on Wednesday it will appeal a court decision dismissing its insider trading case against Dallas Mavericks basketball team owner Mark Cuban.
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Gold powers to record high

Gold set record highs for a second straight session on Wednesday as investors bought the precious metal due to fears the dollar may weaken further, bringing inflation.
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Baer-ING deal kicks off private banks' M&A season

Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.

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