Money Headlines

Wed, Nov 26 2014

Ackman's Pershing Square sees big payoff from Allergan deal

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BOSTON - Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.

Money, Deals 26 Nov 2014

India-focused hedge funds up over 40 percent YTD, Russia down 12 percent: HFR

NEW YORK - Hedge funds invested in emerging markets have seen sharp declines this year, led by Russia and Latin America, but India stands out as a bright spot.

26 Nov 2014

Tiger Global ready to take in new cash, also lets clients exit

- Investment firm Tiger Global, one of the hedge fund world's most successful players, is raising new money for a new fund, taking in more money for an older portfolio and giving investors who want out a chance to get their money back by year's end.

26 Nov 2014

U.S.-based stock funds post $3 billion outflows in latest week: ICI

NEW YORK - Investors in U.S.-based mutual funds pulled over $3 billion out of stock funds in the week ended Nov. 19 on global growth concerns, data from the Investment Company Institute showed on Wednesday.

26 Nov 2014

The loss leaders of the investment world

NEW YORK - Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.

26 Nov 2014

Switzerland's wealthy expats braced for vote on tax break

ZURICH - Many of Switzerland's foreign millionaires will be watching nervously on Sunday as voters decide whether or not to scrap one of the country's biggest tax perks for expatriates.

26 Nov 2014

LeapFrog attracts funds betting on either rebound or takeover

NEW YORK - LeapFrog Enterprises Inc, the maker of educational electronics for kids whose missed sales estimates have pushed its shares down 30 percent this year, is attracting some big-name value fund managers who are betting the company will either rebound during the holiday season or be bought by a rival.

Deals, Money 26 Nov 2014

Tue, Nov 25 2014

In blow to tax negotiators, Obama threatens veto

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WASHINGTON - President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.

Money, U.S., Politics 25 Nov 2014

Low oil price to boost stocks, deflation risk: James Saft

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- Lower energy prices should stick around, boosting growth and risky assets like stocks but increasing the risks of deflation.

25 Nov 2014

Wed, Nov 26 2014

Behind Black Friday's giant, cheap TV deals

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NEW YORK - You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.

26 Nov 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.