Money Headlines

Tue, Aug 19 2014

Exclusive: Icahn says Family Dollar wasting over $300 million in breakup fees

Photo

NEW YORK - Billionaire activist investor Carl Icahn told Reuters late Monday that efforts by Family Dollar’s board to fend off competing bids in favor of a deal with Dollar Tree have resulted in more than $300 million being needlessly spent on breakup fees.

19 Aug 2014

'Good news' shock could kill the five-year-old bull market

LONDON - If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market.

2:57am EDT

U.S. SEC launches municipal adviser exams

Photo

WASHINGTON - The U.S. Securities and Exchange Commission said on Tuesday it is launching compliance exams for municipal advisers, a group of financial professionals that are new to the SEC's regulatory regime.

19 Aug 2014

Winn-Dixie operator Southeastern Grocers pulls IPO

- Southeastern Grocers LLC, which operates supermarket chains Winn-Dixie and BI-LO, called off its plans for an initial public offering, joining a list of companies that have pulled their offerings this year.

Deals, Money 19 Aug 2014

The problem with Jackson Hole: James Saft

Photo

- (James Saft is a Reuters columnist. The opinions expressed are his own)

19 Aug 2014

Family Dollar wasting over $300 million in breakup fees : Icahn

NEW YORK - Billionaire activist investor Carl Icahn told Reuters late Monday that the Family Dollar board is wasting more than $300 million in breakup fees to Dollar Tree in an attempt to chill a competing bid from Dollar General.

19 Aug 2014

Exchange-traded fund accentuates merger arbitrage highs, and lows

NEW YORK - For merger arbitrage funds playing this year's hot deal-making market, one exchange-traded fund has pulled ahead - on the upside and the downside.

Deals, Money 19 Aug 2014

Mon, Aug 18 2014

Pimco hires ex-Moore Capital senior portfolio manager Fahmi

Photo

- Pimco said on Monday it hired Mohsen Fahmi, formerly of Moore Capital Management, as managing director and generalist portfolio manager focusing on global fixed income assets.

18 Aug 2014

U.S. Treasuries set to storm on as EU yields drop, conflicts threaten

Photo

NEW YORK - Don't bet against the U.S. bond market rally anytime soon.

18 Aug 2014

Former SAC Capital Advisors President Conheeney leaves firm

BOSTON - Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said on Monday.

18 Aug 2014
Photo

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.