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
*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.
HONG KONG, Aug 8- Citigroup Inc has named Michael Borch as its new chief operating officer for its corporate and investment bank in Asia-Pacific, replacing Chris Laskowski in the role, according to an internal memo obtained by Reuters on Thursday.
$24 billion 10- year note auction drew strong demand. NEW YORK, Aug 7- U.S. government debt prices rose on Wednesday as higher yields attracted buyers to the Treasury's 10- year note auction, the second of three Treasury coupon sales this week. "
SAO PAULO, Aug 7- Grupo BTG Pactual SA, the Brazilian investment bank expanding heavily into commodities sales and trading, expects the area to begin contributing to earnings soon, Chief Financial Officer Marcelo Kalim said on Wednesday. However, sources told Reuters on Wednesday that the bank has hired Ricardo Leiman from Noble Group Ltd to lead the drive.
*Post-tax adjusted ENI per share of 39 cents vs Wall St's 56 cents. Aug 7- Carlyle Group LP on Wednesday posted a second-quarter profit after a year-ago loss, but it fell short of Wall Street's expectation that a stock market rally would benefit the company more, and it struck a gloomy note on the outlook for private equity deals in the United States.
LONDON, Aug 7- Europe is more attractive than the United States for private equity investments because price tags are lower and the region's weak economy has scared off many other players, buyout firm Carlyle said on Wednesday.
Aug 7- A brokerage unit of Grupo Santander must a pay a total of nearly $1.9 million to a group of Puerto Rico- based investors who blamed the firm for losses in fixed-income notes that went sour, according to a securities arbitration ruling late Tuesday.
BOSTON, Aug 7- Baltimore asset manager Legg Mason Inc said it plans to shut down an international equities investment unit, citing its small asset base of $500 million under management. Legg Mason said it will wind down trading activities at its Esemplia unit, which has offices in London and Hong Kong, and return money to investors.
Aug 7- Private equity firm Carlyle Group LP said on Wednesday it returned to profitability in the second quarter versus a year ago, but less strongly than expected, as its funds appreciated in value. This translated into a second-quarter post-tax ENI per adjusted share of 39 cents, compared with an average estimate of 56 cents in a Thomson Reuters poll.
Aug 7- Private equity firm Carlyle Group LP said on Wednesday it returned to profitability in the second quarter versus a year ago as its funds swung from depreciating to appreciating in value.
The SEC said Clayton Cohn, 26, lied to investors about his trading success and the performance of his Marketaction Capital Management hedge fund, raising $1.78 million from 24 investors through his Chicago- based firm, Marketaction Advisors LLC.
NEW YORK, Aug 6- Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company's annual general meeting next May, according to a source close to the hedge fund.
NEW YORK, Aug 5- It was a tough July for hedge fund manager William Ackman, whose $12 billion Pershing Square Capital Management lost 2.2 percent during the month, according to an investor. The fund got hit hard by its short position in nutritional supplements company Herbalife Ltd, which saw its share price rise more than 40 percent last month.
PARIS, Aug 5- One of China's top securities brokers has bought parts of the commodities trading unit of French bank Natixis in the latest move by Chinese institutions to expand into natural resources markets. A Natixis spokeswoman said China's Shenzhen- listed GF Securities had bought Natixis' London- based commodities brokerage unit.
All buyers are just' hands in their pockets' knowing we have a harvest in front of us, "said Don Roose, president of U.S. Commodities brokerage. Corn futures have dropped 44.7 percent since the nearby contract reached a record high of $8.43- 3/ 4 a bushel a year ago when the worst drought in the United States in more than 50 years devastated harvests.
NEW YORK, Aug 5- When Josh McFarland graduated from Stanford he owed $40,000 in student loans and couldn't fathom a way he'd ever pay it off and have a future for himself- not unusual for the typical young adult these days. Then he went to work for Google. He married a fellow Google employee, so she had stock too.
PARIS, Aug 5- One of China's top securities brokers has bought the commodities trading unit of French bank Natixis in the latest move by Chinese institutions to expand into natural resources markets. A Natixis spokesman said the unit was sold to China's GF Securities.
LONDON, Aug 5- Commodity revenue slid by about a quarter in the first half of the year at the top 10 investment banks, mainly due to lack of investor interest and placid markets, a consultancy said on Monday.
TOKYO, Aug 5- Japanese government bond prices rose on Monday, with the 10- year yield logging its biggest one-day fall in seven weeks, tracking firmer U.S. "The report was slightly weaker than expected, but it was sort of on the expected level," said a fixed-income fund manager at a Japanese asset management firm in Tokyo.
TOKYO, Aug 5- Japanese government bond prices rose on Monday, with the 20- year yield hitting a five-week low, tracking firmer U.S. * "The report was slightly weaker than expected but it was sort of on the expected level," said a fixed-income fund manager at a Japanese asset management firm in Tokyo.