Dec 6- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, said it would spin off its Lands' End clothing business. The spinoff will be through a prorata distribution of Lands' End shares to shareholders, Sears said in a regulatory filing on Friday.» Read More
NEW YORK, Sept 19- Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in an interview. A fight in Congress over increasing the ceiling on U.S. government debt now looms.
PARIS, Sept 19- European shares rose on Thursday, with one benchmark index rising to a five-year high after the U.S. Gold miners also jumped, tracking a sharp rally in the precious metal as the U.S. dollar fell.
Sept 18- Capital Group Cos Chairman James Rothenberg outlined a new effort on Wednesday to promote its American Funds lineup, left sidelined by client withdrawals even as investors edge back to other actively managed equity mutual funds.
NEW YORK, Sept 18- Stocks and gold jumped while the U.S. dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
NEW YORK, Sept 18- U.S. stocks soared and gold jumped while the dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by keeping its economic stimulus in place on concerns tighter financial conditions could slow the economy.
*Wall Street hits new highs as Fed keeps stimulus intact. NEW YORK, Sept 18- U.S. stocks jumped while the dollar and bond prices fell sharply on Wednesday after the Federal Reserve put off trimming its stimulus to the economy, saying the tightening of financial conditions could slow the pace of economic improvement.
NEW YORK, Sept 18- The U.S. dollar was little change against the euro and lower against the yen as investors placed their last bets before any decision by the Federal Reserve to trim its stimulus program. Chairman Ben Bernanke will hold a news conference one half hour after that.
*Aberdeen Asset Management fall on MS earnings cut. LONDON, Sept 18- European shares traded at five-year highs by midday on Wednesday as investors kept their nerve ahead of an expected first cut to the U.S. The latest Reuters poll forecast a $10 billion reduction, although there is speculation among traders it could be even less.
DUBAI, Sept 18- Bahrain- based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts.
"The staff will be closely monitoring and collecting data on this new market to see how it in fact operates... and accessing whether and to what extent changes in the private offerings market may lead to additional fraud or not," SEC Chair Mary Jo White told an advisory panel of experts convened at SEC headquarters on Tuesday.
LONDON, Sept 17- Four of Britain's largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former Chief Executive Fred Goodwin. Prudential and Universities Superannuation Scheme were named in court on Tuesday, alongside fund majors Standard Life and Legal& General.
LONDON, Sept 17- Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.
BEIJING, Sept 17- A state-owned asset management company in China said the "best business strategy" for the country's banks is to slightly underestimate their bad loan ratios, a rare affirmation of investor suspicions that Chinese lenders downplay their bad-debt woes.
LONDON, Sept 16- Britain will sell about 6 percent of part-nationalised Lloyds Banking Group, worth about 3.3 billion pounds, via a placing to institutional investors, UK Financial Investments said on Monday.
Dubai property prices have rebounded this year and the emirate's main stock index is up 64 percent year-to-date. This has prompted at least several companies to consider listings; in addition, the Dubai government said this year it would make a big effort to develop its Islamic finance sctor.
SYDNEY/ KUALA LUMPUR, Sept 15- Islamic pensions are making inroads in several majority-Muslim countries, and their success may help the growth of asset management industries across much of Asia and the Middle East.
LONDON, Sept 15- Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.
Sept 13- Bill Ackman's Pershing Square Capital Management cut its stake in mall owner General Growth Properties Inc to 3.7 percent from 8 percent, the hedge fund said in a filing with the U.S. Securities and Exchange Commission.
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program. The tapering is not being viewed as negatively as it was in the recent past, "said Alvise Marino, currency strategist at Credit Suisse in New York.
Sept 13- Fund manager Vanguard Group Inc opposed the election of board members in a number of high-profile proxy contests this year, votes that help explain why directors at firms such as Hewlett-Packard Co and Occidental Petroleum Corp had a hard time getting re-elected.