Dec 6- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, said it would spin off its Lands' End clothing business. The spinoff will be through a prorata distribution of Lands' End shares to shareholders, Sears said in a regulatory filing on Friday.» Read More
Aug 21- Asset manager Eaton Vance Corp reported a 30 percent rise in quarterly adjusted profit but narrowly missed analysts' estimates due to significant non-operating expenses related to the retirement of its debt.
Aug 21- Asset manager Eaton Vance Corp reported a 30 percent rise in adjusted profit in the third quarter as customers put more money into the company's funds. Net income attributable to shareholders fell to $23.2 million, or 18 cents per share, in the quarter ended July 31, from $50.2 million, or 43 cents per share, a year earlier.
*BoE chief Carney due to speak on Aug. 28. LONDON, Aug 20- Sterling's recent gains on a spike in market-driven short-term interest rates and a rise in British gilt yields to two-year highs could be at risk if, as some expect, the Bank of England voices concern over short-term rates.
NEW YORK, Aug 19- Hedge fund manager Philip Falcone agreed to a five-year ban from the financial industry and will admit wrongdoing to settle charges by the U.S. Securities and Exchange Commission that he improperly used money from his hedge fund and unfairly favored some of his investors, the SEC announced on Monday.
TOKYO, Aug 19- Japan's Nikkei share average erased earlier losses on Monday morning after the yen resumed its downward slide against the dollar, but investors stayed cautious due to a lack of positive cues. Apparently investors are not comfortable taking positions either way now, "said Yasuo Sakuma, portfolio manager at Bayview Asset Management."
NEW YORK, Aug 16- JPMorgan Chase& Co agreed to pay $23 million to settle a lawsuit accusing it of mishandling money of pension funds and other clients by investing it in notes from Lehman Brothers Holdings Inc, which later went bankrupt.
*Fed buys $3.22 billion in debt due 2020-2023. NEW YORK, Aug 16- U.S. It's a further belief that the economy is on a more sustainable path, "said Jennifer Vail, head of fixed income at U.S. Bank's wealth management group in Minneapolis."
BOSTON, Aug 16- Billionaire hedge fund manager Steven A. Cohen may see the last of his outside investors ask for their money back by midnight on Friday.
NEW YORK, Aug 16- A Swiss lawyer accused of helping U.S. clients conceal millions of dollars in offshore accounts pleaded guilty to conspiracy to commit tax fraud in federal court in New York on Friday.
*Investors debate impact of rising U.S. yields. *Expectation of Fed tapering spurs dollar bids and offers. NEW YORK, Aug 16- The dollar reversed course during New York trading Friday to rise against the euro and yen, after a report showed U.S. consumers were less optimistic, prompting a rise in risk aversion.
*Dollar supported by rise in U.S. yields. LONDON, Aug 16- The dollar edged up against a basket of currencies on Friday, drawing support from a rise in U.S. The euro was slightly lower on the day at $1.3340, while against the yen, the dollar was flat on the day at 97.40.
*Rally above $1,350 key resistance sets off buy-stop orders. *Silver posts best seven-day rally since October 2008. NEW YORK/ LONDON, Aug 15- Gold rose to a near two-month high on Thursday, gaining nearly 2.5 percent as a drop in the U.S. dollar triggered short-covering and a technical breakout once prices breached key resistance at $1,350 an ounce.
NEW YORK, Aug 14- Apple Inc is regaining its popularity among the biggest hedge funds, some of which have said a massive sell-off this year has gone too far.
*India increases gold duty again. SINGAPORE, Aug 14- Gold steadied on Wednesday after dropping more than 1 percent in the previous session, but worries over when the U.S. What would be extremely welcome is some clarity, "said analyst Dominic Schnider of UBS Wealth Management in Singapore."
*J.C. Penney rises; William Ackman resigns from board. *Digital Generation soars, to sell television business. "The data supports the idea that the economy is improving, though growth is still less than we'd like to see," said James Dunigan, chief investment officer at PNC Wealth Management in Philadelphia.
Aug 9- The public battle between J.C. Penney Co and leading shareholder Bill Ackman escalated Friday with the hedge fund manager demanding the ouster of the retailer's chairman as well as the interim CEO, while Starbucks CEO Howard Schultz joined the fray urging the billionaire's removal from the board.
NEW YORK, Aug 9- U.S. Traders cited investors buying a high percentage of this week's $72 billion coupon-bearing supply and positive technical signals as catalysts for benchmark yields to retrace further from their recent near two-year peak of 2.75 percent.
NEW YORK, Aug 9- U.S. stocks were little changed on Friday but indexes were on track for their worst week since June as investors found few reasons to buy with equity prices near record levels. Wall Street has struggled this week, notching small moves in light volume, as an absence of trading incentives kept buyers at bay.
*Investors looking at Middle East and North Africa. LONDON, Aug 8- Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets.
NEW YORK, Aug 8- Private equity and credit investment firm Apollo Global Management LLC on Thursday reported a tenfold increase in second-quarter profit as the value of its funds jumped, and it announced its highest dividend since it went public in 2011..