March 14- Traxys Group said that private equity firm Carlyle Group and affiliates of Louis M. Bacon and Traxys management had agreed to buy a majority stake in the Luxembourg commodity firm for an undisclosed sum.» Read More
*General Motors rallies, profit leaps on strong demand. NEW YORK, Oct 30- U.S. stocks fell on Wednesday, putting the S&P 500 on track to snap a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus program for the time being.
*Doesn't expect many more years of instability in Egypt, North Africa. DUBAI, Oct 30- Templeton Emerging Markets Group is looking to increase its equities investment in Egypt because it thinks the political environment will stabilise and the government is committed to repairing the economy, the head of the group said.
TEL AVIV, Oct xx- High-tech entrepreneur Eyal Waldman decided he had had enough of Israeli investors when they told him to choose between his titles of chairman and chief executive at the company he co-founded, Mellanox Technologies. "Mellanox is not an impulsive company. is something we were thinking of, that we saw build up.
TOKYO, Oct 30- Japanese government bond prices ended the morning session steady to slightly higher on Wednesday, with the 7- year through 20- year curve steepening by 1 basis point from the previous session. Federal Reserve's policy announcement later on Wednesday and the Bank of Japan's meeting on Thursday.
Oct 29- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, sold some Canadian real estate assets for $383 million and said it is considering separating its Lands' End clothing and auto center businesses to raise cash.
HELSINKI, Oct 29- Nokia predicted a more profitable future for its NSN networks equipment and software unit on Tuesday, raising hopes for growth in what will be the Finnish firm's main business after its former flagship phones division is sold to Microsoft in the new year.
TOKYO, Oct 29- Japanese stocks slid on Tuesday, hit by a sharp drop in Komatsu Ltd after the world's second-largest construction equipment maker issued a profit warning, dragging down other companies exposed to emerging markets.
*Credit Suisse has close ties to Qatar sovereign fund. DOHA, Oct 28- Qatar's sovereign wealth fund is looking at more investments in emerging markets in order to diversify beyond developed nations, said a senior executive of Credit Suisse who is one of the top advisors to the fund.
CHICAGO, Oct 25- Illinois's Teachers' Retirement System, the state's biggest public pension fund, said on Friday that its unfunded liability grew by 7 percent in the latest fiscal year even as investment returns jumped, driven by chronic underfunding by the state.
*Euro hovers below two-year high vs dollar after soft German Ifo data. "Traders continue to make the euro their favorite anti-dollar trade in light of expectations the Fed will continue its QE program well into the start of next year," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.
Shares of Tesla Motors Inc have soared more than 410 percent this year as the electric car maker, run by billionaire Elon Musk, beat Wall Street's earnings estimates and forced hedge fund managers who had shorted the stock to buy it to cover their positions.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago as assets and performance fees rose, but reported an outflow of investor cash from its equity funds.
*Treasury to sell $96 bln in 2, 5, 7- yr debt next week. NEW YORK, Oct 25- U.S. "The market continues to do better here in an environment where the Fed is not tapering quantitative easing until sometime in 2014," said Gary Pollack, head of fixed income trading at Deutsche Bank Private Wealth Management in New York.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago but reported an outflow of investor cash from its equity funds.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago. For the three months ended Sept. 30 the Baltimore asset manager reported net income of $86.3 million, or 70 cents per share, up from net income of $80.8 million, or 60 cents per share, in the same period in 2012..
Customers withdrew more money than they added for a variety of reasons among the firms, which include T. Rowe Price Group Inc, Franklin Resources Inc, Janus Capital Group Inc, and at Federated Investors Inc..
NEW YORK, Oct 24- Apax Partners LLP is in advanced talks to acquire medical cost containment services company One Call Care Management Inc from Odyssey Investment Partners LLC for more than $2 billion, three people familiar with the matter said on Thursday.
*Third-qtr adj profit $0.46/ shr vs est $0.36. Oct 24- Investment bank Lazard Ltd reported a better-than-expected 81 percent jump in quarterly profit due mainly to higher revenue in its asset management unit, which now accounts from more than half of its business.
Oct 24- Investment bank Lazard Ltd reported an 81 percent rise in quarterly profit, driven by higher revenue from asset management and financial advisory businesses. Net income attributable to common shareholders rose to $60.3 million, or 45 cents per share, in the third quarter from $33 million, or 26 cents per share, a year earlier.
Jason O'Connell, research director at Boston Private Bank, says the asset management business model is "tremendous" due to "terrific cash flow" and "very little balance sheet risk".