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  • Nov 13- Canada's Manulife Financial Corp reported a third-quarter core profit that narrowly missed analysts' expectations, as insurance and wealth management sales declined in Canada and the United States. While North America is the main drivers of the company's profit, Manulife has targeted Asia as a key growth area and reported strong sales in countries...

  • *Expects to raise $7 bln- $8.5 bln from asset sales by mid-2016. Nov 12- Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb's push to split the company. Shares of Dow Chemical, which also raised its quarterly dividend to 42 cents per...

  • Nov 12- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, increased its dividend and said it would buy back shares worth $5 billion, more than doubling its share repurchase program. Dow, which is being pushed by hedge fund manager Daniel Loeb to split up, said it would complete its previous $4.5 billion share repurchase program by the end of the year.

  • LONDON, Nov 11- Asia- focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 percent of its network, to help save $400 million a year to improve profitability. Ten years of record earnings for Standard Chartered came to an abrupt halt in summer 2012 when it had to pay $667 million for violating U.S. sanctions on Iran. Standard Chartered...

  • Magistrate Judge Janet King in Atlanta rejected a claim by Steven Slawson, co-founder of Titan Capital Management, that his May indictment should be tossed because it did not allege he knew an insider disclosed illegal tips for personal gain. Attorney Sally Quillian Yates in Atlanta did not respond to requests for comment on Monday. Meanwhile, a federal...

  • WASHINGTON, Nov 10- The U.S. Supreme Court on Monday left intact California hedge fund manager Douglas Whitman's conviction for insider trading relating to two trading schemes from 2006 to 2009.. Prosecutors said one scheme led to more than $900,000 of illegal profit from trading the shares of Google Inc and video-conferencing company Polycom Inc, and the...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • Nov 9- Deal makers and private equity employees are expected to receive the biggest hikes in bonuses this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates. "A mixed bag of fortunes awaits Wall Street professionals this bonus season, despite a moderately positive year across the financial services industry," said...

  • NEW YORK, Nov 7- Pacific Investment Management Co has created a 225 million-euro award program to retain top talent after the surprise departure of co-founder and Chief Investment Officer Bill Gross, Allianz SE said on Friday. The bonus is expected to cost an average of 33 million euros before taxes for each of the next five quarters and 10 million euros for each...

  • NEW YORK, Nov 7- The Vanguard Group was the latest U.S. asset manager to post record monthly inflows into its bond funds for October, benefiting from an exit of funds from rival Pacific Investment Management Co. after the departure of its co-founder Bill Gross. BlackRock Inc's bond funds posted record monthly inflows of $5.2 billion in October, the most investors...

  • BOSTON, Nov 6- Welcome back "Big Oil." The strong balance sheets and diversified global operations of majors like Exxon Mobil Corp, Chevron Corp and BP plc, have sheltered index funds and some active portfolio managers from the worst of a volatile ride on energy markets, where oil prices have plunged 21 percent since early August. The $33 billion Ivy Asset Strategy...

  • UPDATE 1-Insurer James River Group files for IPO Friday, 7 Nov 2014 | 7:23 AM ET

    Nov 7- James River Group Holdings Ltd, a Bermuda- based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw& Co LP's affiliates own 72.6 percent of the insurer's Class A common shares, while Goldman Sachs Group Inc owns 26.3 percent. Keefe Bruyette& Woods, UBS Investment Bank, FBR...

  • Hedge funds under threat from pension fund rethink Friday, 7 Nov 2014 | 7:21 AM ET

    LONDON, Nov 7- Pension schemes are starting to rethink their hedge fund investments in the face of high costs and poor returns, putting at risk the heady pace of capital flows into an industry with nearly $3 trillion of assets. Investors pulled more than $15 billion from hedge funds in the September quarter, industry data showed, ending six quarters of net inflows.

  • Insurer James River files for IPO Friday, 7 Nov 2014 | 6:21 AM ET

    Keefe Bruyette& Woods, UBS Investment Bank, FBR Capital Markets and BMO Capital Markets are the lead underwriters for the offering, James River said in a regulatory filing.

  • -Lipper@ NEW YORK, Nov 6- Investors in U.S.-based funds added a net $15.4 billion to stock funds in the week ended Nov. 5, data from Thomson Reuters Lipper service showed on Thursday. The ETF inflows were "mostly due to institutional investors hedging some of their short positions that they may have made," said Barry Fennell, a senior analyst with Lipper.

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • NEW YORK, Nov 6- A number of high-profile brokers have left Bank of America Corp's Merrill Lynch wealth management unit in recent weeks, and top executives at the company have grown concerned enough to ask business head John Thiel to explain the departures, three sources familiar with the matter told Reuters. The brothers had been with Merrill Lynch for decades,...

  • NEW YORK, Nov 5- Pacific Investment Management Co posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross, adding to the $25.5 billion of withdrawals the previous month, according to Morningstar data on Wednesday. According to Morningstar's calculations, Pimco Total Return Fund suffered an...

  • EXCLUSIVE-Firms drop Pimco funds from managed accounts Wednesday, 5 Nov 2014 | 6:01 PM ET

    Nov 5- Charles Schwab Corp, Wells Fargo Advisors and Raymond James& Associates have all dropped Pimco funds from some investment portfolios they offer clients over the past several weeks, following the September resignation of fund manager and company co-founder Bill Gross. Pacific Investment Management Co has seen huge outflows since Gross, who ran the...

  • Nov 5- XPO Logistics Inc's quarterly revenue more than tripled, helped by acquisitions, an increase in freight volumes and tight capacity across U.S. truck and rail networks. XPO, which has been on an acquisition spree since Jacobs took over in 2011, said revenue from its freight brokerage business jumped about 240 percent to $518.7 million in the third quarter...