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  • UPDATE 5-Google poaches Morgan Stanley's CFO Tuesday, 24 Mar 2015 | 1:11 PM ET

    *Google shares up 2.5 pct. March 24- Google Inc said it hired Ruth Porat, chief financial officer at Morgan Stanley, as its own finance chief, a move signaling that the search engine company may be looking to bear down on fast growing expenses. Porat has helped execute a sweeping cost-cutting strategy across several business lines at Morgan Stanley.

  • UPDATE 4-Google hires Morgan Stanley CFO Porat as CFO Tuesday, 24 Mar 2015 | 11:31 AM ET

    March 24- Morgan Stanley Chief Financial Officer Ruth Porat is leaving the bank to become Google Inc's CFO, the latest Wall Street executive to move to Silicon Valley, where fortunes can be built fast but businesses can also become irrelevant overnight. Porat, a California native, joined Morgan Stanley in 1987, and led Morgan Stanley's investment banking...

  • Money pours into the market   Monday, 23 Mar 2015 | 6:00 PM ET
    Money pours into the market

    We've just seen a surge of stock market buyers, according to TrimTabs. Is that a bad sign? David Seaburg and Todd Gordon discuss with Brian Sullivan.

  • BOSTON, March 23- Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday. Secretary of the Commonwealth William Galvin accused Merrill, Lynch, Pierce, Fenner& Smith of failing to supervise employees...

  • An attorney for the New York and Tennessee Republican parties urged the U.S. Court of Appeals for the District of Columbia to toss out the Securities and Exchange Commission's rule, saying it tramples on the free speech rights of asset managers. He cited a sworn statement submitted by Tennessee state Senator Jim Tracy, who testified that his campaign was hurt by...

  • ZURICH, March 23- Liechtenstein's biggest bank LGT does not expect to suffer any fallout from assets it bought from HSBC's private bank months before that business was embroiled in a scandal over allegedly helping clients to dodge taxes. Vaduz- based LGT, owned by the principality's royal family, snapped up 7.1 billion Swiss francs of private banking assets...

  • LONDON, March 23- Hedge funds have turned super-bearish about U.S. oil prices as concerns about running out of storage trump the drop in the number of rigs drilling new wells. Money managers had amassed a record number of short positions in futures and options contracts linked to WTI by the end of March 17, equivalent to 209 million barrels of oil, according to the...

  • DUBAI, March 22- HSBC Global Asset Management, an arm of HSBC Holdings, is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said. The firm, which managed $454 billion of assets at the end of December, is also increasing its exposure to beaten-down currencies of countries such as...

  • DUBAI, March 19- Abu Dhabi's state-owned Etihad Airways has signed a rare financing deal that will cover the entire cost of an aircraft, it said on Thursday, with Korean investors backing its second Airbus A380 superjumbo valued at a list price of $428 million. The way Etihad finances its fleet and expansion plans is under heightened scrutiny after carriers in...

  • The strategy usually involves buying stock in a Delaware- incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. But now the top corporate lawyers in Delaware, where about two-thirds of Fortune 500 companies are chartered, are proposing an amendment to the...

  • The March 17 decision by the Securities and Exchange Commission, seen by Reuters Wednesday, marks a victory for Bartlett Naylor, a Bank of America shareholder who works for the non-profit Public Citizen. It also represents a reversal for the SEC, which last year rejected nearly identical resolutions filed by Naylor at Bank of America, as well as JP Morgan Chase...

  • The March 17 decision by the Securities and Exchange Commission, seen by Reuters Wednesday, marks a victory for Bartlett Naylor, a Bank of America shareholder who works for the non-profit Public Citizen.

  • CHINESE DEPUTY FINMIN SHI YAOBIN TELLS GERMAN NEWSPAPER "WE WOULD WELCOME USA JOINING THE ASIAN INFRASTRUCTURE INVESTMENT BANK".

  • *Investors looking to turn overweight France- survey. While far from an investors' favourite, the drive to cut regulations has encouraged fund managers to boost their allocations in France, seeking value shares in firms exposed to the euro zone's second biggest economy as it starts to revive. "The response from international investors on the signs that the...

  • UPDATE 1-Goldman Sachs BDC shares fall in market debut Wednesday, 18 Mar 2015 | 10:16 AM ET

    March 18- Shares of Goldman Sachs BDC Inc, the first business development company backed by an investment bank to go public in the United States, fell 2.5 percent in their market debut. Credit Suisse Group AG's Credit Suisse Park View BDC is looking to raise $500 million in a non-traded IPO this year, according to a filing. Goldman Sachs BDC's portfolio ranges from...

  • NEW YORK, March 18- More than half of the 17 senior managing directors working in Blackstone Group LP's mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Paul Taubman, according to people familiar with the matter. Since he left a senior role at Morgan Stanley in 2012 to...

  • March 17- The founder of the world's largest hedge fund is warning that an anticipated interest rate increase by the Federal Reserve later this year could take a bite out of the economic recovery, saying it could "knock over the apple cart." "Clearly the Fed has created expectations that it will tighten in either June or September and such expectations are...

  • NEW YORK/ SYDNEY, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors who were concerned about a sharp drop in iron ore prices. Investment banks Credit Suisse and JP Morgan, lead managers for the issue, had first tried to arrange refinance for Fortescue...

  • NEW YORK, March 17- Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared's largest lender. The plan is designed to compete with a LightSquared-backed one whose fairness is the subject of an...

  • Andorra on Monday slapped a 2,500 euros per week withdrawal limit on depositors in Banca Privada d' Andorra, which it took under state control last week following U.S. allegations that the bank laundered money for international criminal enterprises including Venezuelan gangs defrauding state-owned oil companies. Andorra, the proverbial tiny...