Money Headlines

Adidas shares jump on report of bid for Reebok unit

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BERLIN - Shares in German sportswear firm Adidas AG jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to buy Reebok.

Deals, Money 3:19am EDT

Egyptian developer SODIC to invest $336 million in 2015, sees property boom

CAIRO - SODIC, one of Egypt's largest listed real estate developers, plans to invest 2.4 billion Egyptian pounds ($336 million) in 2015 and is hunting for new projects as the sector recovers from three years of turmoil, its managing director said.

3:52am EDT

Sun, Oct 19 2014

Peer-to-peer lender Lending Club picks NYSE for IPO: FT

NEW YORK - Lending Club, the world's largest online marketplace directly connecting borrowers and investors, has chosen the New York Stock Exchange for its initial public offering, the Financial Times reported Sunday.

19 Oct 2014

Fri, Oct 17 2014

Private equity adviser, CEO settle with SEC over fee allocations

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WASHINGTON - An Arizona-based private equity adviser and its chief executive will pay roughly $2.2 million to settle civil charges that they breached their fiduciary duty to investors by failing to disclose certain fees and expenses, a U.S. regulator said on Friday.

Exclusive: UBS tells brokers to keep selling risky Puerto Rico funds

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- UBS AG is sticking with its recommendations that some clients buy risky Puerto Rico closed-end bond funds, despite hundreds of arbitration claims by investors who blame the securities for huge losses, according to an internal document.

Morgan Stanley's brokers pull in fewer fee-based assets

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NEW YORK - Morgan Stanley's wealth management customers added far less money to their fee-based accounts in the third quarter than earlier this year, despite the firm's promotion of the lucrative accounts.

17 Oct 2014

Suvretta Capital up six percent year-to-date despite brutal selloff

New York - Suvretta Capital Management, founded by a former portfolio manager for billionaire investors George Soros and Steven A. Cohen, is generating net returns of 6 percent year-to-date, despite this week's stock market drop and wild gyrations, according to two sources familiar with the situation.

Money, George Soros 17 Oct 2014

New Eaton Vance stocks chief reorganizes analysts to boost results

BOSTON - Taking a page from his last job, Eaton Vance's new Chief Equity Investment Officer bets that reorganizing his analysts into new teams will boost performance.

17 Oct 2014

Speculative Eurodollar net shorts fall to lowest since February

- Speculators' net bearish bets on Eurodollar futures earlier this week fell to their lowest since February before Wednesday's roller-coaster session's stampede to exit those bets, according to Commodity Futures Trading Commission data released on Friday.

17 Oct 2014

At least 113 staffers at U.S. Fed earn more than Yellen

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WASHINGTON - The top 113 earners among staff at the Federal Reserve's Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits - more than Fed Chair Janet Yellen and nearly double the normal top government rate.

U.S., Money 17 Oct 2014
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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.