*Corn most hit, with outflow of $3.1 bln; soy, gold next. Money managers slashed by $9.7 billion their net-long holdings across 22 commodities to $59.7 billion during the week to April 2, according to Reuters calculations of data released by the Commodity Futures Trading Commission. Corn, gold and soybeans accounted for nearly 80 percent of the latest decline.
NEW YORK, April 5- U.S. The Labor Department said the U.S. economy produced just 88,000 new jobs last month- less than half the 200,000 expected in a Reuters poll, and below even the lowest estimate in the survey. "
NEW YORK, April 5- Prices for U.S. The Labor Department said the U.S. economy produced just 88,000 new jobs last month- less than half the 200,000 expected in a Reuters poll, and below even the lowest estimate in the survey. "
Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
NEW YORK-- Insurance company MetLife is selling independent broker-dealer affiliates Tower Square Securities and Walnut Street Securities to Cetera Advisor Networks, so that its U.S. retail arm can concentrate more on its core distribution relationships.
"That's good," Clark told the system's Board of Trustees, adding that the investment returns have far exceeded the goal of earning 7.25 percent a year. The system's assets had grown to $8.78 billion by March 31, up about $1 billion since the start of the financial year July 1 after taking into account investment gains and benefits paid to retirees.
But Fidelity Investments and Charles Schwab Corp are paying these financial advisers as much as 0.25 percent of the assets that their clients put in no-transaction-fee mutual funds.
Bank of Japan Governor Haruhiko Kuroda played down concerns his burst of monetary stimulus would create asset-price bubbles even as it delivered an immediate pay-off in global markets, with government bond yields at a record low, the yen hitting a 3-1/2 year trough and stocks surging to multi-year highs.
NEW YORK, April 5- U.S. Today's report pushes out the date at which the Federal Reserve may reduce its purchases of securities, "said Brian Jacobsen, chief portfolio strategist, Investments Group, at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
LONDON, April 4- Hedge funds set up to profit from huge market slides are falling out of favour, signalling that investors are increasingly confident leading central banks can avert the kind of meltdown that followed the Lehman Brothers' collapse.
LONDON, April 4- Pension funds may be attracted back into rising equity markets by new techniques for investing in an asset class they shunned for years as volatile and costly. For example, an investor can take the S&P 500 index but overweight stocks with lower volatility to create a new smart index.
NEW YORK, April 3- The dollar dropped against the yen and the euro on Wednesday after reports showed unexpectedly low job gains in the U.S. private and slower growth in the service sector last month, raising fears about recovery in the world's largest economy.
April 3- Jim O'Neill, head of Goldman Sachs Asset Management, thinks Beppe Grillo and his Five Star Movement is a greater threat to Europe and the euro than the trials of little Cyprus.
ABU DHABI, April 3- National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group's push into Asia as its chief executive on Wednesday, as it expands abroad from its saturated local market.
WARSAW, April 3- Poland is considering cancelling $39 billion in treasury bonds held by private pension funds and paying the resulting pension shortfall out of its own budget, a newspaper said on Wednesday.
*FTSEurofirst 300 down 0.9 percent. LONDON, April 3- European shares closed lower on Wednesday as weak U.S. data heightened worries that the global economy's growth prospects will struggle to justify recent stock market gains.
NICOSIA, April 2- On the evening of the last Wednesday in March, the directors of Laiki bank, the second largest in Cyprus, gathered in their sixth floor board room for the last time. "Laiki Bank was a very good bank for many, many years," said Afxentis Afxentiou, a former governor of Cyprus' central bank.