Fidelity Investments received permission from U.S. regulators to open its own actively managed exchange-traded funds.» Read More
BOSTON-- Developers who are unsuccessful in their pursuit of casinos in the eastern or western regions of Massachusetts could compete in the newly opened southeastern region under a plan approved by the state's gaming commission on Thursday.
NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
BOSTON-- The headlines about exchange-traded funds suggest there are no limits to the growth of these low-cost, easily traded alternatives to mutual funds.
BOSTON-- The administrator of a fund created to help victims of the Boston Marathon bombings has released final guidelines for distributing the money. Claimants can then meet with fund administrator Kenneth Feinberg before payments go out June 30. The fund has raised more than $30 million.
WASHINGTON-- Congressional Republicans and Democrats on Wednesday challenged Attorney General Eric Holder over the Justice Department's handling of the investigation of national security leaks and its failure to talk to The Associated Press before issuing subpoenas for the news service's telephone records.
BOSTON, May 15- Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.
BOSTON, May 15- Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell Inc in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private.
BEACHWOOD, Ohio-- DDR Corp. is buying 30 of 44 U.S. shopping centers from a joint venture it has with private equity firm Blackstone Group LP in a deal worth $1.46 billion, saying it expects to make money by raising rents at the malls and redeveloping them. They include centers in Boston, Chicago, Washington and Minneapolis among others.
NEW YORK, May 15- Qatar Airways' top executive said the Middle Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the United States in the next 12 to 18 months. "
NEW YORK, May 15- Qatar Airways' top executive said the Middle-Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the U.S. in the next 12 to 18 months. "
Jana, which oversees more than $4 billion in U.S. stock holdings, disclosed stakes of 24.6 million Zynga Inc class A shares and 21.9 million Groupon Inc class A shares in regulatory filings on Wednesday. The Groupon stake was worth $134 million as of the end of March, while the Zynga holding was worth $86 million, according to the filings.
BOSTON, May 15- Zynga Inc. shares jumped 7.6 percent to $3.57 in morning trading Wednesday, shortly after hedge fund manager Barry Rosenstein said his Jana Partners had taken a new stake in the online games developer earlier this year.
NEW YORK-- British Prime Minister David Cameron and Prince Harry visited a design studio in New York City on Tuesday as part of a campaign to promote their country as a tourist destination and U.S. business partner.
*Senate panel closes loopholes in student visa program. *House Republicans campaign to kill Senate immigration bill. Senator Marco Rubio, who is considered crucial to the passage of an immigration law overhaul, on Tuesday vowed to fight for a biometric system that would track foreigners entering and exiting the country after a Senate panel rejected the idea.
May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
The delivery of the first jet with a redesigned battery system marks a turning point in Boeing's 787 crisis, allowing the jet maker to book revenue for completed sales of the jet, which costs $207 million at list prices. But resuming deliveries will lower Boeing's profit margin in the near-term.
*Fed buys $3.31 bln in longer-dated Treasuries. NEW YORK, May 14- Prices of U.S. It's all about equities, "said Dimitri Delis, interest-rate strategist at BMO Capital Markets in Chicago.
*Still mulling future of 35 pct stake in Yahoo Japan. SAN FRANCISCO, May 14- Yahoo Inc plans to ramp up advertising and marketing efforts as it seeks to break its reliance on an "aging demographic" and become more relevant among young adults, the company's finance chief said on Tuesday.
Fidelity Investments received permission from U.S. regulators to open its own actively managed exchange-traded funds.
Boston- based Fidelity in December filed an application to set up a series of actively managed ETFs with the Securities and Exchange Commission, and the agency approved the request last week, spokesman Jeff Cathie said.