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
*Nokia is most shorted stock among European blue-chips. LONDON/ PARIS, Sept 3- Hedge funds betting that the collapse in Finnish telecom group Nokia's share price would continue got a rude surprise on Tuesday, and their rush to unwind their bets left the stock eyeing a record daily gain.
*Jason Chew appointed as Asia real estate head- sources. *Hiring follows senior banking recruitments from Asia. Under newly-appointed Chief Executive Ahmed Al-Sayed, the $100 billion- plus sovereign fund is scouting for opportunities in Asia and the United States.
TOKYO, Sept 2- Japan's public pension fund, the world's biggest, has selected eight asset fund companies to actively manage $159 billion in foreign equities in its massive portfolio aimed at raising higher returns to cope with a rapidly ageing population.
*Funds from Rhode Island and Oregon send letters over fees. NEW YORK, Aug 30- Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making casino operator Caesars Entertainment Corp, in a rare display of activism against private equity firms.
Treasuries ended Friday little changed on weaker-than-expected economic data, with the possibility of a military strike against Syria adding to jitters ahead of a holiday-lengthened weekend.
Treasuries rose on Friday on weaker than expected economic data, with the possibility of a military strike against Syria adding to a safety bid ahead of a holiday-lengthened weekend.
Treasury prices rose on Friday after Secretary of State John Kerry made a televised address making it clear that the United States will punish Syrian President Bashar al-Assad for a chemical weapons attack on civilians.
Underlying concern about a possible military strike against Syria made investors wary of being short safe-haven U.S. debt, particularly over a long weekend, traders said. There's position squaring and concerns over potential involvement in Syria.
NEW YORK, Aug 29- Investors in U.S.-based funds pulled $863.1 million out of stock funds in the latest week, down from massive outflows in the prior week even as the possibility of military action against Syria unnerved markets, data from Lipper showed on Thursday.
*Three of Canada's top banks top estimates as domestic lending profit drives beats. TORONTO, Aug 29- Three of Canada's biggest banks posted better-than-expected third-quarter results on Thursday, pushing their shares higher as surprisingly strong retail lending and wealth management income offset weakness in investment banking and trading profits.
TORONTO, Aug 29- Royal Bank of Canada reported a 3 percent rise in quarterly profit on Thursday, topping analysts' estimates, as higher consumer loan volumes and wealth management fees more than offset a drop in fixed-income trading revenue.
TORONTO, Aug 29- Royal Bank of Canada reported a higher quarterly profit on Thursday, as higher consumer loan volumes and wealth management fees more than offset a drop in fixed-income trading revenue. The bank, Canada's largest, also raised its quarterly dividend by 6 percent to 67 Canadian cents per share.
BOSTON, Aug 28- Hedge fund manager Michael Karsch is shutting down his 13- year-old firm, Karsch Capital Management, in order to "think about the next chapter" of his career.
*NATO says evidence points to use of chemical weapons in Syria. Treasury debt prices fell on Wednesday, with a debt sale coming in lukewarm, after Treasuries posted gains for three straight sessions as investors worried about weaker U.S. economic data and possible military action in Syria.
TORONTO, Aug 28- National Bank of Canada reported a stronger-than-expected 10.6 percent rise in quarterly profit on the back of higher wealth management and trading income, pushing its stock to a two-year high on Wednesday. Net income rose to C $419 million, or C $2.39 per share, in the third quarter ended July 31, from C $379 million, or C $2.14 per share, a year earlier.
*NATO says evidence points to use of chemical weapons in Syria. Treasuries slid on Wednesday, after three days of gaining in part because of fears over a possible Western strike against Syria, with a debt sale coming in lackluster.
WASHINGTON, Aug 28- Brokerage firm Merrill Lynch has agreed to pay $160 million to settle a class-action race discrimination lawsuit brought by a longtime U.S. employee, an attorney for the plaintiffs confirmed on Wednesday. Since the lawsuit was filed in 2005, Merrill Lynch was acquired by Bank of America Corp, where it is now the bank's wealth management unit.
*Treasury to sell $35 billion 5- year notes at 1 p.m. ( 1700 GMT. *NATO says evidence points to use of chemical weapons by Assad forces. On Wednesday, NATO said evidence pointed to the use of chemical weapons by Syria's president, Bashar al-Assad.
TORONTO, Aug 28- National Bank of Canada reported a stronger-than-expected 10.6 percent rise in quarterly profit on the back of higher wealth management and trading income, pushing its stock to a 17- month high on Wednesday. Net income rose to C $419 million, or C $2.39 per share, in the third quarter ended July 31, from C $379 million, or C $2.14 per share, a year earlier.
SINGAPORE, Aug 28- Gold extended gains to a fifth straight session on Wednesday, trading near its highest in more than three months on safe-haven buying due to geopolitical tensions in Syria.