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  • *Germany's DAX share index sets new record high. *Royal Bank of Scotland falls after reporting losses. Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.

  • European stocks set new multi-year highs, InBev helps Thursday, 26 Feb 2015 | 10:26 AM ET

    *Royal Bank of Scotland fall after reporting losses. LONDON, Feb 26- Major European share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan. Belgium- based InBev rose 3.2 percent after...

  • *Porsche still faces other damage claims in Germany. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE of camouflaging a plan to acquire Volkswagen and secretly piling up a holding in Europe's largest automaker during 2008.. The case combining 1.36 billion...

  • Sears 4Q loss narrows, sales slide as business shifts Thursday, 26 Feb 2015 | 6:42 AM ET

    NEW YORK— Sears recorded its fourth straight year of falling profit and revenue, even as cost cutting and store closures helped narrow its loss for the fourth quarter. Lampert, a billionaire hedge fund manager, combined Sears and Kmart in 2005, about two years after he helped bring Kmart out of bankruptcy. To try to get back on track, Sears has shifted its focus from...

  • Sears posts 11th straight quarterly loss Thursday, 26 Feb 2015 | 6:13 AM ET

    Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...

  • "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, judge at the higher regional court in Stuttgart, said on Thursday ahead of a hearing of the case. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE...

  • MUNICH, Feb 26- German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe's largest insurer fell more than 3 percent on Thursday and were the biggest decliners in Germany's blue...

  • *RBS to cut investment bank assets by over 60 pct. *Howard Davies confirmed as chairman. LONDON, Feb 26- Royal Bank of Scotland will drastically shrink its investment banking operations, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on local lending in Britain.

  • *Pension fund investment strategy also lifts sentiment- analysts SoftBank, Fast Retailing contribute half Nikkei gains. TOKYO, Feb 26- Japan's Nikkei share average rose to a fresh 15- year high on Thursday morning after hedge funds were seen buying futures, while index-heavyweight stocks rose as investors' risk appetite improved on benign comments by Fed...

  • SAO PAULO, Feb 25- Grupo BTG Pactual SA, Latin America's largest independent investment bank, missed fourth-quarter profit estimates on Wednesday after trading income fell short of forecasts and loan-loss provisions soared as a large client fell in arrears. Corporate lending, a key revenue line, fell to 97 million reais, the lowest in more than three years, as BTG...

  • CARACAS, Feb 25- Venezuela will ask British bank HSBC Holdings PLC for a list of state officials who have accounts in its Swiss subsidiary, a prosecutor said on Wednesday, following media reports that Venezuelans were among the bank's leading clients. Venezuela and its citizens had some $14.8 billion in assets in HSBC's Swiss private banking arm in 2007, the...

  • WILMINGTON, Del., Feb 25- RadioShack Corp got approval on Wednesday from a U.S. Bankruptcy Court judge to auction about 2,000 stores with an initial $200 million bid from the Standard General hedge fund. Wednesday's hearing was the first time the bankrupt company has put an estimated value on the sale agreement with Standard General, which will keep about half of...

  • NEW YORK, Feb 25- A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court. Thomas Hardin, who previously ran Lanexa Management LLC, pleaded guilty in 2010 to conspiracy and securities...

  • *Decline in Apple weighs on S&P and Nasdaq. NEW YORK, Feb 25- Wall Street lagged a rise in global markets on Wednesday, with the S&P 500 and the Nasdaq closing slightly lower even as energy shares gained along with a surge in oil prices. On Wall Street, a sharp drop in shares of Apple Inc took a toll on the S&P 500 and Nasdaq, but the Dow marked another record closing high,...

  • MONTREAL, Feb 25- Caisse de depot et Placement du Quebec, Canada's second-largest pension fund manager, reported solid returns for 2014 on Wednesday and said it is counting on strong returns from infrastructure and real estate investments to drive growth in the face of what may be tumultuous market conditions ahead. The Caisse, which manages public pension...

  • Brokerage firms file an average of five reports each per year, a number that is "disconcerting" and "far too low" given the and industry's volume of transactions, said Andrew Ceresney, director of the SEC Division of Enforcement, in prepared remarks. The SEC is considering enforcement cases against brokerages whose reporting efforts fall short, Ceresney said at an...

  • NEW YORK, Feb 24- A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. "Computer source codes and proprietary trading methods are often the lifeblood of a company's business model, and stealing them is a crime," Manhattan District Attorney Cyrus Vance...

  • NEW YORK, Feb 24- The dollar was up slightly against a basket of currencies on Tuesday, almost erasing earlier gains as Federal Reserve Chair Janet Yellen offered no commitment as to when the U.S. central bank might raise interest rates. It's very cautious and very couched, "said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.

  • LONDON, Feb 24- Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors. The study by the Alternative Investment Management Association found activist hedge funds on average hold a stock for about two years,...

  • *RBS under pressure to focus on lending in Britain. LONDON/ HONG KONG, Feb 24- Royal Bank of Scotland will hand restructuring chief Rory Cullinan the task of overseeing another major scaling back of its investment bank, sources told Reuters, allowing it to focus on lending to British households and businesses. Chief Executive Ross McEwan said last year that he...