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  • Blackstone 1Q net income up 58 percent Thursday, 17 Apr 2014 | 10:42 AM ET

    An adjusted profit measure favored by the private equity industry— economic net income, which strips out charges tied to employee stock grants from Blackstone's 2007 initial public offering of stock— rose 30 percent to $813.9 million, or 70 cents per unit, from $628.3 million, or 55 cents per unit.

  • LONDON, April 17- Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.

  • DUBAI, April 17- Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession.

  • Barclays reorganises management of investment bank Thursday, 17 Apr 2014 | 9:32 AM ET

    LONDON, April 17- Barclays announced a number of promotions in its investment bank's management on Friday, while it continues with a review of the division that contributes about half of the group's total profits. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.

  • NEW YORK, April 17- BlackRock Inc, the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.

  • Morgan Stanley's income rose 18 percent Thursday, 17 Apr 2014 | 7:31 AM ET

    NEW YORK— Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses. THE RESULTS: Morgan Stanley earned $1.39 billion, up from $1.18 billion in the same period a year ago.

  • Citi pushes 'digital agenda' but rejects webcast Thursday, 17 Apr 2014 | 7:30 AM ET

    Citigroup will not webcast its annual meeting next week in St. Louis, in a move one analyst called "ridiculous."

  • Bain Capital raises $7.3 bln for flagship fund -sources Thursday, 17 Apr 2014 | 7:30 AM ET

    April 17- Bain Capital LLC has raised $7.3 billion from investors and its dealmakers for its next flagship fund, people familiar with the matter said on Thursday, underscoring the favorable fundraising environment for established private equity firms.

  • Judge wants Detroit mayor to back bankruptcy plan Thursday, 17 Apr 2014 | 4:02 AM ET

    DETROIT— Looking years ahead, the judge overseeing Detroit's bankruptcy said Thursday he wants assurances from the mayor and other elected leaders that they'll follow a final plan that likely cuts pensions, sheds debt and plows millions into better services.

  • Yahoo nominates co-founder, 2 others to join board Wednesday, 16 Apr 2014 | 6:52 PM ET

    SUNNYVALE, California— Yahoo co-founder David Filo is vying to rejoin the Internet company's board after an 18- year absence. The other nominees to the board are Charles Schwab, the founder of a stock brokerage that still bears his name, and H. Lee Scott Jr., the former CEO of Wal-Mart Stores Inc. Yahoo Inc. CEO Marissa Mayer is on Wal-Mart's board.

  • NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.

  • NEW YORK, April 16- Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter of 2013..

  • BOSTON, April 16- American Funds, one of the largest U.S. mutual funds families, sent an email to 825,000 shareholders on Wednesday advising them to change user names and passwords, citing "a very narrow window of risk" related to the "Heartbleed" Internet threat.

  • April 16- London- based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.

  • April 16- London- based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.

  • The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.

  • *Credit Suisse Q1 net profit 859 mln Sfr vs poll 1.155 bln. ZURICH, April 16- Credit Suisse's said on Wednesday first-quarter net profit fell by more than a third due to a big drop in bond trading revenues, increasing pressure on CEO Brady Dougan to make deeper cuts to its investment banking business.

  • Moelis & Co. prices initial public offering at $25 Wednesday, 16 Apr 2014 | 6:58 AM ET

    NEW YORK— Moelis& Co. priced its initial public offering at $25 per share, which was below expectations. The New York investment bank plans to offer 6.5 million shares to raise $162.5 million.

  • LONDON, April 16- United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008..

  • Credit Suisse profits down 34 percent Wednesday, 16 Apr 2014 | 1:49 AM ET

    FRANKFURT, Germany— Swiss bank Credit Suisse says its net profit fell 34 percent in the first quarter, more than expected, as bond-market woes hurt earnings at its investment banking business. Profit dropped to 859 million Swiss francs from 1.303 billion francs in the same quarter a year ago.

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