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
TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday after a strong performance in its wealth management business and growth in domestic banking profits in spite of worries about a slowing housing market.
*Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck& Co, hitting 52- week highs.
*Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. RF Micro Devices Inc agreed to buy TriQuint Semiconductor Inc for about $1.6 billion, while Men's Wearhouse Inc raised its cash tender offer for rival men's clothing retailer Jos.
Gasoline, natural gas and soybeans were other commodities that attracted huge buying during the week that ended Feb. 18, according to the data from the Commodity Futures Trading Commission.
*G Asset Management offers to buy stake in Barnes& Noble or Nook. *Groupon shares drop after company forecasts loss. NEW YORK, Feb 21- U.S. stocks slipped on Friday on options-related trading, with the S&P 500 facing resistance as it flirts with its record high even as economic data continues to underwhelm.
NEW YORK, Feb 21- When big name U.S. hedge fund managers disclosed their fourth-quarter stock holdings last week, a couple of exchange-traded fund companies took particular note. Global X Funds and AlphaClone LLC both offer ETFs that mimic the stock picks of high-priced hedge funds.
NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to buy a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital business. The little known firm said the proposal for Barnes& Noble as a whole would be for $22 per share, which would value the top U.S. bookstore chain at $1.32 billion.
*G Asset Management offers to buy Barnes& Noble or Nook stake. *Groupon shares tumble after forecasting loss. NEW YORK, Feb 21- U.S. stocks were little changed on Friday, with the S&P 500 facing resistance as it flirts with its record high, as company news dominated trading amid another soft reading on the economy.
Feb 21- Credit Suisse Group AG agreed to pay $196.5 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the regulator.
NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to take a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital books and device business. G Asset said the proposal for Barnes& Noble as a whole would be for $22 per share, while the offer for Nook would be for $5 per share.
Feb 21- Credit Suisse Group AG agreed to pay more than $196 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the regulator.
NEW YORK, Feb 21- More than 9,000 claims from people who say they were defrauded by Bernard Madoff have been submitted to a $4.05 billion fund set up by the U.S. government, and victims of the swindler's Ponzi scheme were given two more months to seek compensation. Richard Breeden, a special master who oversees the Madoff Victim Fund, and U.S.
NEW YORK, Feb 21- Small investors who have longed to benefit from the brains of top hedge fund managers can now purchase those same stock picks without paying hefty fees or tying up a large amount of money.
The SEC will press ahead with a pilot that will allow small-cap stocks to trade in wider increments, the chair announced Friday.
NEW YORK, Feb. 21- Investors have no shortage of things to fret about these days. Then you might want to give David John Marotta a call. That's because the Charlottesville, Virginia, founder and president of Marotta Wealth Management has a plan in place.
NEW HAVEN, Conn., Feb 20- A lawyer for Jesse Litvak, on trial on charges he defrauded clients and the United States on bond trades, on Thursday tried to discredit one of the government's main witnesses against the former Jefferies Group Inc banker.
BOSTON, Feb 20- Fidelity Investments, the second-largest U.S. mutual fund company, said on Thursday that its fixed-income chief will lead the Boston firm's $1.9 trillion asset management division.
BOSTON, Feb 19- Billionaire investor Kenneth Griffin, who started his hedge fund in his dormitory room at Harvard University, is donating $150 million to his alma mater in what will be the largest single gift ever made to the Ivy League school.
NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..
NEW HAVEN, Conn., Feb 19- A senior AllianceBernstein Holding LP executive testified on Wednesday that former Jefferies Group Inc banker Jesse Litvak misled him into overpaying for bonds, prompting him to press for an investigation.