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TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
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MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
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*Third Point's stake in Sony rises to 7 pct from 6.3 pct. TOKYO, June 18- New York- based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.
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Weyerhaeuser's stock climbed Monday as the lumber company named Doyle Simons as its new CEO and announced a deal to buy Longview Timber LLC. for $2.65 billion. THE SPARK: Weyerhaeuser announced the news on Sunday. Weyerhaeuser is purchasing Longview Timber from Brookfield Asset Management.
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MINNEAPOLIS-- Investment bank and asset management firm Piper Jaffray Cos. is buying middle-market advisory firm Edgeview Partners LP. Piper Jaffray said Monday that the deal will strengthen its position in middle-market mergers and acquisitions and provide a complementary investment banking business.
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PARIS, June 17- Transport financier Doric Lease Corp said it would buy 20 Airbus A380 aircraft in a deal worth $8 billion at list prices and could snap up more, putting the planemaker on track to hit its full-year order target for the superjumbo.
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BERNE, June 17- The European Union official in charge of tax policy tried to persuade Switzerland on Monday to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion. "Switzerland can gain from a stronger tax agreement with the EU with automatic exchange of information at its core.
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LONDON, June 13- Just as a month-long stock market rout seems to have further trashed the concept of a "Great Rotation" from bonds into equities, evidence is emerging that institutional investors may have already begun such a shift.
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NEW YORK-- Weyerhaeuser Co., one of the world's largest lumber companies, said Sunday that its board has named Doyle Simons as its new CEO, effective Aug.1. The company also said that it signed a deal to buy Longview Timber LLC. for $2.65 billion from Brookfield Asset Management.
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NEW YORK-- Weyerhaeuser Co., one of the world's largest lumber companies, said Sunday that its board has named Doyle Simon as its new CEO, effective Aug.1. The company also said that it signed a deal to buy Longview Timber LLC. for $2.65 billion from Brookfield Asset Management.
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NEW YORK, June 16- Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the U.S. Traders with big investors like Pacific Investment Management Company and Loomis Sayles& Company are taking advantage of buying opportunities they say they haven't seen in some time, with in-and-out hot money having flushed out of the system.
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LOS ANGELES, June 14- The chief investment of Calpers, California's state pension fund, is undergoing treatment for prostate cancer, the fund said on Friday. Joseph Dear, 62, has ceded some of his responsibilities as CIO of the California Public Employees' Retirement System to Theodore Eliopoulos, the fund's senior investment officer for real estate.
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NEW YORK, June 14- Investors in bonds designed to protect them from inflation have read the writing on the wall, and it doesn't spell inflation.
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LONDON, June 13- Just as a month-long stock market rout seems to have further trashed the concept of a "Great Rotation" from bonds into equities, evidence is emerging that institutional investors may have already begun such a shift.
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COLUMBIA, S.C.-- South Carolina's pension fund investments are expected to post double-digit earnings for the current fiscal year. The Retirement System Investment Commission said Thursday its investments earned $3 billion between last July 1 and April 30, pushing the fund's worth to almost $28 billion.
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PARIS, June 13- European shares ended broadly steady on Thursday, recovering from the session's lows after upbeat U.S. retail sales and a drop in jobless claims prompted bargain hunters to pick up hammered mining and banking stocks.
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ZURICH, June 12- Prince Max von und zu Liechtenstein, chief executive of Liechtenstein's biggest bank LGT, said it was striking how fast opinions on tax evasion had shifted since 2008, when stolen data revealed hundreds of Germans had hidden assets in the principality.
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June 11- PIMCO Total Return Fund, the world's largest bond fund, decreased its holdings of U.S. The fund, which has roughly $285.2 billion in assets and is run by Bill Gross, had previously increased those Treasury holdings in April to 39 percent from 33 percent the previous month.
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June 11- PIMCO Total Return Fund, the world's largest bond fund, decreased its U.S. The fund, which has roughly $285.2 billion in assets and is run by Bill Gross, had previously increased those Treasury holdings in April to 39 percent from 33 percent the previous month.
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NEW YORK, June 11- Wall Street's industry-funded watchdog warned investors on Tuesday about the risks associated with so-called alternative mutual funds. The funds have $176.2 billion in assets under management as of May, up from nearly $32.8 billion in 2008, according to data from Lipper, a Thomson Reuters service.
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