INVESTMENT

SEC eyes shorter maturity limits for money funds: source

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U.S. securities regulators are considering shortening a money market fund's maturity limits to protect investors after last year's sudden losses in industry pioneer Reserve Primary Fund, a source familiar with the agency's thinking said on Tuesday.
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Thomson Reuters UK delisting to force stake sales

Thomson Reuters' plan to cancel its London Stock Exchange listing prompted a jump in its shares on Tuesday, but the rally was tempered by fears some large UK shareholders will have to cut or sell their stakes.
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U.S. may drop UBS tax evasion case: report

The U.S. Justice Department may drop a legal case aimed at forcing Swiss bank UBS AG to reveal the names of 52,000 wealthy American clients suspected of offshore tax evasion, the New York Times reported on Tuesday.
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Justice Deptartment may drop UBS tax evasion case: report

The U.S. Justice Department may drop a legal case aimed at forcing UBS AG to reveal the names of 52,000 wealthy American clients suspected of offshore tax evasion, the New York Times said, citing a United States official briefed on the matter.
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IEA wants to spur energy investment

Investment in renewable energy is down and achieving oil prices that spur green-growth should be a goal for December's Copenhagen conference, the chief economist of the International Energy Agency said on Monday.
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Blavatnik sues JPMorgan over investment losses

U.S. billionaire Len Blavatnik filed a lawsuit against JPMorgan Chase on Monday, accusing the bank of mismanaging an investment account that held about $1 billion in assets owned by Blavatnik's industrial holding company, Access Industries.
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Employers eye changes to 401(k) plans, study shows

A quarter of U.S. employers have eliminated or plan to cut matching contributions to employee 401 retirement plans to save money amid the economy's downturn, according to research released on Monday.
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World stocks slip

World stocks slipped on Monday while government bonds and the dollar rose as a decline in oil prices below $70 a barrel and caution ahead of this week's data and Federal Reserve meeting weighed on risky assets.
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Employers cutting back 401(k) plans

A quarter of U.S. employers have eliminated matching contributions to employee 401 retirement plans since September to save money amid the economy's downturn, according to research released on Monday.
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Blavatnik to sue JPMorgan over investment losses: report

U.S. billionaire Len Blavatnik is planning to file a lawsuit against JPMorgan Chase on Monday, accusing the bank of mismanaging an investment account that held $1 billion in assets owned by Blavatnik's industrial holding company, Access Industries, the New York Times said.
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Icahn, others lose Steel Partners challenge

Activist investor Warren Lichtenstein got court approval on Friday to move forward with his controversial plan to convert hard-hit hedge fund Steel Partners II into a listed investment company.
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Assured Guaranty up after Ross backup funding ruled out

Shares of Assured Guaranty Ltd rose as much as 5 percent on heavy volumes Friday, a day after the bond insurer said it would not need backup funds from investor Wilbur Ross for a pending acquisition upon completion of its share offering.
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SEC spotlight puts dark pool venues on defensive

The operators of anonymous stock trading venues called 'dark pools' defended their existence on Friday, but conceded they could be more transparent after the U.S. Securities and Exchange Commission warned they posed emerging risks.
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Admiral Prueher, General Franks leave BofA board

Bank of America Corp said on Friday retired Army Gen. Tommy Franks and retired Navy Adm. Joseph Prueher have resigned from its board, meaning more than a third of its board has stepped aside since late April.
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Moody's warning on California debt stuns state

California, which is struggling to close a $24.3 billion budget gap, faces the prospect of a multi-notch downgrade in its credit rating if the state's legislature fails to act quickly to produce a budget, Moody's Investors Service warned on Friday.

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