GO
Loading...

Corporate Assets

More

  • LONDON, Oct 14- Gold retreated from an earlier four-week high on Tuesday, losing momentum as lackluster euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Spot gold was at $1,234.45 an ounce at 1410 GMT, down 0.2 percent, after briefly touching a four-week high of $1,237.90/ oz earlier. "For zero-yielding assets held as a...

  • Great Northern Paper filings show deficit Tuesday, 14 Oct 2014 | 6:32 AM ET

    PORTLAND, Maine— Recent court filings have revealed the depths of Great Northern Paper Co.' s financial hole. The Portland Press Herald reports that the company, managed by New Hampshire- based private equity firm Cate Street Capital, has roughly $28 million in assets, but has liabilities of slightly more than $65 million. The two largest secured creditors—...

  • NEW YORK, Oct 14- Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. The two big...

  • BOSTON, Oct 13- Abigail Johnson has taken another big step toward being the next leader of Fidelity Investments after the company said she will add the title of chief executive to her duties. Over the past decade, Boston- based Fidelity, which had managed assets of $2 trillion at the end of August, has ceded its once-powerhouse status to Vanguard Group as its...

  • ALCO seeks Chapter 11 bankruptcy reorganization Monday, 13 Oct 2014 | 12:38 PM ET

    NEW YORK— Small-town discount retailer ALCO Stores filed for Chapter 11 bankruptcy protection on Sunday, but says it plans to stay in business while it reorganizes. The company filed for bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, and said it had $222 million in assets and $162 million in liabilities in July. ALCO said Wells Fargo...

  • Texas discount chain Alco Stores files for bankruptcy Monday, 13 Oct 2014 | 10:10 AM ET

    Oct 13- Texas- based discounter Alco Stores Inc filed for bankruptcy, joining the list of smaller U.S. retailers seeking protection from creditors. Alco said it had an initial, or "stalking horse," bid from a joint venture including Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC. As of July, the company listed assets of $221.8 million and...

  • *Singapore launches 25 kg gold contracts on Monday. LONDON, Oct 13- Gold prices rose on Monday as the dollar fell and worries over the global economic outlook hit investors' appetite for risk, lifting the appeal of assets perceived as safer. "It would appear that the global risk aversion is the only friend to gold and that is reflected in a slightly lower dollar and the...

  • NEW YORK, Oct 10- An index of global equities fell to a seven-month low and oil hit a two-year low on Friday, continuing a string of weakness built on worries about weak worldwide economic growth. Assets tied to expectations for improved growth have been hit by a recent raft of weak indicators from Europe at a time when other big economies, including China, Japan and...

  • RIO DE JANEIRO, Oct 8- A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1 billion and the value of his remaining stakes in the oil,...

  • GT Advanced files for bankruptcy Monday, 6 Oct 2014 | 10:22 AM ET

    Oct 6- Solar and LED equipment maker GT Advanced Technologies Inc, a supplier of sapphire glass to Apple Inc, said it had filed for voluntary bankruptcy protection. The company, whose subsidiaries also filed for bankruptcy, said it had $85 million of cash as of Sept. 29. GT Advanced listed assets and liabilities in excess of $1 billion in its Chapter 11 petition.

  • Oct 2- Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday. The retail target date funds have $2.9 billion in assets- $141 million of which had been in the Pimco Total Return Fund. Schwab is looking for a replacement for the Pimco fund and has temporarily...

  • NEW YORK/ BOSTON Sept. 30- Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S. mutual funds.

  • Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.

  • NEW YORK, Sept 26- Bill Gross's departure from investment firm Pimco could lead investors to pull hundreds of billions of dollars in assets from its parent company and invest them with Janus Capital Group, the rival firm that Gross is joining, a Morningstar analyst said Friday.

  • To reduce inequality, end buyback 'binge': Study Tuesday, 23 Sep 2014 | 2:16 PM ET

    Share repurchases have soared since the Great Recession ended, totaling more than $950 billion just in the past two years alone.

  • PRECIOUS-Gold edges up on softer dollar, equities Tuesday, 23 Sep 2014 | 10:34 AM ET

    *U.S. attacks IS targets in Syria. LONDON, Sept 23- Gold rose on Tuesday as the dollar eased following comments from a New York Federal Reserve official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tensions and demand for safe assets.

  • MOSCOW, Sept 23- Russian assets firmed on Tuesday, buoyed by a report that the European Union might review sanctions imposed against Moscow over its role in the Ukraine crisis and by positive economic data from China, a major market for Russia's raw materials.

  • MOSCOW, Sept 23- Russian assets firmed on Tuesday, buoyed by positive economic data from China, a major market for Russia's raw materials, and by a report that the European Union might review sanctions imposed against Moscow over its role in the Ukraine crisis.

  • Parliamentary elections are due next May, with the last-minute pledges made to Scotland in an effort to keep the United Kingdom together expected to complicate the picture. It remains to be seen whether, despite the Scottish vote, investors will now require a greater risk premium to hold UK assets. *Scotland stays in UK, but Britain faces change.

  • BOSTON, Sept 17- Despite the recent rebuke of hedge funds by the influential California Public Employees' Retirement System, other investors are pumping billions into these portfolios, boosting industry assets to a record $3.1 trillion, data released on Wednesday show.