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Top News & Analysis Arizona

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • WTI crude hit its highest since July 2015 after the Energy Information Administration said U.S. stockpiles fell by 5.2 million barrels in the week ended Friday, dashing analysts' expectations for a build. "We do expect better earnings and we are encouraged by good financial earnings recently with strong fixed income trading," said Jeff Kravetz, regional...

  • *US crude touches 15- month highs on surprise stockpile drop. NEW YORK, Oct 19- U.S. stocks were on track for its second straight advance on Wednesday, as a climb in oil prices buoyed the energy sector and earnings from Morgan Stanley helped lift financials. "We've seen earnings kind of trough, we are going to see better earnings and we are going to start to move from the...

  • NEW YORK/ BOSTON, Oct 17- Largely united in their dislike of Republican presidential candidate Donald Trump, some ultra-wealthy U.S. investors who play in conservative politics are warily weighing their choices, torn between third-party candidates, simply focusing on down-ballot contests or even voting for Democrat Hillary Clinton. Stanley Druckenmiller,...

  • CHICAGO, Oct 17- Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He replaces Doug Oberhleman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on...

  • CHICAGO, Oct 17- Caterpillar insider Jim Umpleby will became chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He replaces Doug Oberhleman, who retires as CEO on Dec. 31, but who stays on as executive board chairman until March 31, the company said on...

  • TORONTO, Oct 14- Freeport-McMoRan said on Friday it will sell onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, part of a push by the world's biggest listed copper miner to reduce its multi-billion dollar debt. Under the transaction with private energy company Sentinel Peak, Freeport said it will receive $592...

  • NEW YORK, Oct 7- Even with a good salary as a data scientist at a San Francisco technology firm, Yang Guo, 30, knew he couldn't afford a home in the Bay Area, among the priciest U.S. markets. He still wanted to own property in addition to stocks, however, and soon found a way to buy cheap rental houses in faraway cities- and to outsource the associated hassles to HomeUnion, a...

  • FRIDAY, OCTOBER 7 WASHINGTON- Federal Reserve Vice Chair Stanley Fischer participates in conversation on the economy and federal regulation before the Institute of International Finance Annual Membership Meeting- 1430 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and Bank of Canada Senior Deputy Governor Carolyn Wilkins participates...

  • *Once a firm ally, Washington pushing Kabila to stand down. NAIROBI, Oct 6- Shortly after Congo President Joseph Kabila came to power in 2001, the U.S. embassy in Kinshasa sent cables to Washington exuding quiet confidence in the 29- year-old who had replaced his recently assassinated father, Laurent. Tom Perriello, the U.S. envoy to Africa's Great Lakes region, was...

  • THURSDAY, OCTOBER 6 WASHINGTON- Institute of International Finance holds discussion at it's annual meeting on "The Future Of The EU" with Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union- 2130 GMT. NEW YORK- European Central Bank Chief...

  • THURSDAY, OCTOBER 6 WASHINGTON- Institute of International Finance holds discussion at it's annual meeting on "The Future Of The EU" with Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union- 2130 GMT. NEW YORK- European Central Bank Chief...

  • WEDNESDAY, OCTOBER 5 AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 0000 GMT. MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome and opening remarks before the " Early Childhood Development...

  • Oct 4- The private equity owners of Leslie's Poolmart Inc are exploring a sale of the world's largest retailer of swimming pool supplies that could value it at close to $2 billion, including debt, people familiar with the matter said on Tuesday. CVC Capital Partners Ltd and Leonard Green& Partners LP, the buyout firms that own Leslie's, have asked investment bank...

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...

  • NEW YORK, Oct 3- A decade after JPMorgan Chase& Co said with great fanfare that it would make life easier for customers by putting its cash machines into Duane Reade drug stores in New York City and Walgreens stores in Florida, the big bank is retreating. The new message is the public start of a withdrawal that stems from an agreement the largest U.S. bank by assets made...

  • NEW YORK, Oct 3- A decade after JPMorgan Chase& Co said with great fanfare that it would make life easier for customers by putting its cash machines into Duane Reade drug stores in New York City and Walgreens stores in Florida, the big bank is retreating. The new message is the public start of a withdrawal that stems from an agreement the largest U.S. bank by assets made...

  • AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, October 2016" before the West Virginia Economic Outlook Conference- 1205...