Diversified Financials Capital Markets

  • *Oil drops; materials hit by weak China data. *Lending Club slumps as CEO resigns after internal probe. May 9- Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.

  • *Oil drops; materials hit by weak China data. *Lending Club slumps as CEO resigns after internal probe. May 9- Wall Street was mixed on Monday, with declines in energy and materials stocks offset by a bounce in Allergan Plc and other healthcare companies.

  • NEW YORK, May 9- A microcap stock promoter pleaded guilty on Monday to engaging in a scheme to launder $250 million obtained by manipulating the shares of more than 40 companies, including the little-known Cynk Technology Corp whose value was driven past $6 billion. Gregg Mulholland, also known as "Stamps" and " Charlie Wolf," pleaded guilty in federal court in...

  • May 9- Talend Inc, a U.S. software firm that helps corporations organize and analyze data, has hired investment banks for an initial public offering in the coming months, people familiar with the matter said on Monday. Redwood City, California- based Talend has already registered its IPO confidentially with the U.S. Securities and Exchange Commission, according...

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • "Timing-wise, a few things play together," said Rudolf Bohli, founder and chief investment officer at RBR Capital, which launched a fund for Greece in May and has already started buying shares in local companies. Fears that Greece will tumble out of the euro have receded from a year ago, although Prime Minister Alexis Tsipras's promise that Greece's May 1 Orthodox...

  • LONDON, May 6- Shanghai Chaos, one of China's largest commodities fund managers, has opened an office in Hong Kong to diversify activities and try to keep its commodities trading under the radar of the market, two sources with knowledge of the matter said. Metal industry sources said the fund house plans to use a much larger number of banks and brokerages, of which...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • *Defaults have caused China markets to price in increasing risk. SHANGHAI, May 6- China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April...

  • SHANGHAI, May 6- China's state asset manager said on Friday that risk in bonds issued by central government-owned firms is "controllable", after a rapidly increasing number of debt defaults have rattled Chinese markets in recent months. The State-owned Assets Supervision and Administration Commission said it made the conclusion after conducting a detailed...

  • SHANGHAI, May 6- China's funds regulator said it would discipline a CITIC-linked asset manager for operating a prohibited fund-pooling investment scheme. China's hedge fund operators can expect more stringent regulation from AMAC in an intensifying crackdown on "Wild East" fraud and illegal money raising, AMAC said in April. CITIC-Prudential Fund...

  • SYDNEY, May 6- Australia's top investment bank Macquarie Group on Friday posted a 29 percent jump in annual profit to a record, helped by growth in its annuity-style businesses such as wealth management, and lifted final dividends by 21 percent. Net profit rose to A $2.06 billion from A $1.6 billion a year ago, narrowly beating analysts' estimate of A $2.04 billion.

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...

  • HONG KONG, May 5- JPMorgan Chase& Co has become the first global investment bank to fall foul of Hong Kong's stricter IPO sponsorship rules, dealing a blow to its reputation in the region. It returned a listing application for Shenhua Health Holdings Ltd, a subsidiary of monosodium glutamate producer Fufeng Group Ltd, on March 29 saying it needed more information,...

  • *Asian sales up 14 percent to C $954 million. May 5- Manulife, Canada's biggest life insurer, said it would continue to look for new partners in Asia after strong sales in the region helped it increase its core earnings by 14 percent in the first quarter. The activation of a bancassurance partnership with DBS in Singapore and Hong Kong helped Manulife's Asian unit...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, compared to economic net income of $93.5...

  • NEW YORK, May 5- Asset manager Apollo Global Management LLC posted an unexpected first-quarter loss on Thursday after revising lower the value of its insurance holding company Athene Holding Ltd to reflect market prices. Apollo reported an economic net loss of $73 million, or 18 cents per share, between January and March, versus economic net income of $93.5...

  • May 5- Manulife Financial Corp, Canada's biggest life insurer, reported a 45 percent jump in first-quarter earnings, boosted by strong insurance sales in Asia and gains from interest rate movements. Net income attributable to shareholders rose to C $1.05 billion, or 51 Canadian cents per share, in the quarter ended March 31, from C $723 million, or 36 Canadian cents...

  • May 4- Insurer MetLife Inc reported a quarterly operating profit way below analysts' expectations as returns on investments in bonds and hedge funds fell and expenses rose. The company's net investment income fell 5.5 percent to $4.71 billion in the first quarter ended March 31. The insurer's net operating profit fell 19 percent to $1.33 billion, or $1.20 per...

  • May 3- The father of a former investment banker at Perella Weinberg Partners and JPMorgan Chase& Co was sentenced on Wednesday to a year of home confinement and three more years of probation, for trading securities ahead of healthcare mergers based on tips from his son. District Judge Laura Taylor Swain in Manhattan sentenced Robert Stewart, 61, at a court...