Tue, Aug 19 2014
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.
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.
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.
- 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.
- (James Saft is a Reuters columnist. The opinions expressed are his own)
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.
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.
Mon, Aug 18 2014
- 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.
NEW YORK - Don't bet against the U.S. bond market rally anytime soon.
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.
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.