The letter from pension consulting firm Russell Investments said Blackstone submitted its redemption notice to SAC Capital sometime before May 15 because of ongoing concerns about the insider trading investigation that continues to engulf Cohen's fund.» Read More
Financial markets were roiled after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.
A perfect storm of yen strength, soaring JGB yields and new evidence of weakness in China's economy sparked a major sell-off in Japan's equity markets on Thursday.
Hewlett-Packard's effort to reshape its business has begun to bear fruit, CEO Meg Whitman told CNBC.
A plunge in Japan's small cap index should have prepared investors for the Nikkei's biggest slide since the country's tsunami over two years ago, an asset manager told CNBC.
Sales of new homes rose to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Initial claims for unemployment benefits dropped 23,000 to a 340,000, pushing back below the mark that economists normally associate with a firming job market.
Forget trekking to a stadium concession line. Three start-ups have created mobile apps that let you order food and beverages right from your seat. Is America not a great country?
New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.
Japanese stocks plunged 9 percent off intraday highs on Thursday as weak Chinese data added to growing fears that the U.S. Federal Reserve may withdraw its bond buying sooner than expected.
This expert explains why quantitative easing (QE) is not about printing money and why bank reserves aren't money.
Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year.
The company became the first automaker to repay money borrowed under the Advanced Technology Vehicle Manufacturing program.
Japanese government bond yields soared to 1 percent on Thursday, their highest level in a year, prompting the Bank of Japan to keep a promise of taking action to stabilize an incredibly volatile market.
The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter, after the economy grew at its slowest pace in three years over January to March, said economists.
Japan is in the middle of a "big monetary experiment," from which market volatility should be expected, Ben Broadbent, a member of the Bank of England's Monetary Policy Committee, told CNBC.
JC Penney said its credit line has been increased to $2.25 billion from $1.75 billion.
The tech giant's earnings and outlook topped forecasts amid a strong showing from enterprise services and printing. Shares jumped more than 10 percent.
The economist who coined the term "Grexit" says the possibility of Greece exiting the euro zone has receded "markedly", reversing predictions he made in July when he saw a 90 percent chance of an exit within the next 12-18 months.
An international study on recessions and governments' responses to them has found that cuts to healthcare systems prompted by fiscal austerity are making matters far worse - for both governments and society.
The bonus system is no longer fit for purpose and should be scrapped. No bank will ever be brave enough to do this on its own, but it would only take one to open the floodgates.
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Hedge fund bigwig Paul Tudor Jones offends; the Fed taper caper continues to obsess the markets; P&G shelves its CEO.
HP's turnaround is under way; weak Asian data create jitters; corporate tax reform wish list; a mixed housing rebound.
The Fed sends a mixed message to the markets; stingy millionaires; immigration reform inches ahead.
Lois Lerner, the IRS official at the center of the alleged Tea Party targeting, has been placed on administrative leave.
House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system.
President Obama is giving a speech on counterterrorism in Washington, specifically addressing the use of drones, with CNBC's John Harwood.