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  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • The company's owner, private equity firm Apollo Global Management LLC, has held talks with investment banks about the IPO, though their underwriter roles will not be finalized before the summer, four people said this week. It competes with Pearson Plc and Cengage Learning Inc, and, like its peers, has sought to make most of its offerings available on the Internet as...

  • And that kind of colored the statement more hawkish for the Fed, "said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The Nasdaq biotech index dropped 3.2 percent, led by a 3.9 percent fall in Celgene, which reported lower-than-expected quarterly revenue. The company limited the availability of the Apple Watch after a key...

  • April 29- As his company gets closer to telling shareholders its plan for allocating cash, Eaton Corp Chief Executive Alexander Cutler said on Wednesday a recent call by a prominent asset manager to think long-term represented a "healthy voice." BlackRock Inc Chief Executive Officer Larry Fink earlier this month sent a letter to CEOs of the Standard& Poor's 500...

  • SAFT ON WEALTH-Activists good, bigger activists better Wednesday, 29 Apr 2015 | 3:08 PM ET

    April 29- Activist hedge funds, on the whole, do good work, but the best results come from those with the deepest pockets. Activists have fought many high profile battles recently with incumbent management, notably Nelson Peltz and his Trian Fund Management, which is currently seeking four board seats at DuPont. "The market appears to anticipate the superior...

  • TORONTO/ NEW YORK, April 29- Hedge fund Mangrove Partners is urging Atlantic Power Corp to return cash to shareholders and could push for a possible sale or break-up of the company, according to two sources with knowledge of the situation. One of the sources said the New York- based hedge fund wants Atlantic to pay a special dividend of $300 million, or about $2.50 per...

  • EXCLUSIVE-HEDGE FUND MANGROVE PARTNERS IS PUSHING ATLANTIC POWER TO RETURN CASH TO SHAREHOLDERS- SOURCES.

  • UPDATE 2-Euro zone QE helps Standard Life Q1 funds boost Wednesday, 29 Apr 2015 | 4:06 AM ET

    LONDON, April 29- Money-printing in the euro zone helped drive flows into Standard Life's funds in the first quarter as investors searched for higher-yielding assets, the British insurer and asset manager said on Wednesday. SLI's assets under management rose 5 percent in the first quarter, to 258.4 billion pounds, Standard Life said in a trading statement.

  • China's QFII quota rises to $73.6 bln in April Wednesday, 29 Apr 2015 | 2:48 AM ET

    BEIJING, April 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $73.6 billion as of April 28, slightly higher than $72.1 billion in March, China's currency regulator said on Wednesday.

  • *Merck on track for its best day since January 2014. April 28- U.S. stocks held on to their gains in early afternoon trading on Tuesday, reversing earlier declines, on strong earnings from Merck, better-than-expected housing data and a dividend hike from IBM. The shares then fell as much as 2.3 percent, weighing on all three major indices, before recovering to trade up...

  • JAPAN'S ABE SAYS NEEDS TO CONTINUE TALKING WITH CHINA ABOUT INVESTMENT BANK.

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • DEUTSCHE BANK PLAN TO BECOME INVESTMENT BANK/CORPORATE LENDER DROPPED AFTER ECB STRESS TESTS- SOURCES.

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • LONDON, April 27- Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange data showed, the highest level since...