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May 3- Lululemon Athletica Inc was sued by a pension fund shareholder on Friday that wants to know if the board of directors wasted corporate assets by increasing potential bonuses for executives on the eve of a recall of yogawear that could cost the company millions of dollars.
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May 3- Lululemon Athletica Inc was sued by a pension fund shareholder on Friday that wants to know if the board of directors wasted corporate assets by increasing potential bonuses for executives on the eve of a recall of yogawear that could cost the company millions of dollars.
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*BSE index drops 0.81 pct; NSE down 0.92 pct. MUMBAI, May 3- Indian shares fell on Friday, retreating from the 3- month high hit on Thursday, after the central bank cautioned it has limited room for further monetary easing, overshadowing the 25 basis point cut in key interest rate.
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LONDON, May 3- Macquarie said it has closed the fundraising for its fourth European infrastructure fund with 2.75 billion euros in investor commitments, well above its initial 1.5- 2 billion euros target. The fund led a consortium which acquired E.ON' s Open Grid Europe, Germany's largest gas network for 3.2 billion euros in July 2012.
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May 3- Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. --The sovereign wealth funds of China and Russia are ready to double the size of their joint private equity fund this year to $4 billion to boost investment in the two countries, the head of Russia Direct Investment Fund said.
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NEW YORK, May 2- Investors in funds based in the United States poured $6.61 billion into stock funds in the latest week, marking a recovery from the prior week's outflows as the S&P 500 hit record highs, data from Thomson Reuters' Lipper service showed on Thursday.
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NEW YORK/ HONG KONG, May 2- Where there's an investing niche, there's probably an exchange-traded fund that exploits it. Almost all U.S.-listed ETFs focusing on Chinese stocks are confined to the Hong Kong- listed H-shares represented in global equity indexes or companies such as technology giants Baidu and Sina Corp that trade on U.S. exchanges.
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MUMBAI, May 2- Tata Capital, part of steel-to-software conglomerate Tata Group, has raised $600 million for a private equity fund to invest in India, in what could be one of the largest debuts by a private equity fund targeting India. Institutional investors from North America, Asia and the Middle East have invested in the fund, the company said.
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*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at Tim Hortons Inc, may have a hard time convincing institutional investors that the chain that says it sells eight out of every 10 cups of coffee in Canada needs a wake-up call.
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*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at coffee shop chain Tim Hortons Inc, faces a difficult task in trying to persuade long-term institutional investors of the merits of its plan to shake up the Canadian company.
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BOSTON, May 1- Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc, cut his stake in the iPhone maker 12 percent in the first quarter and cited "heightened concern" about increasing competition.
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BOSTON, May 1- Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc, cut his stake in the iPhone maker 12 percent in the first quarter and cited "heightened concern" about increasing competition.
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TORONTO, May 1- Highfields Capital, a U.S. hedge fund agitating for drastic change at iconic Canadian coffee-and-doughnut chain Tim Hortons Inc, is set for an uphill battle convincing some long-term institutional investors of the merits of its case.
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ATHENS, April 30- Greece's fourth-biggest lender Eurobank won approval on Tuesday from its main shareholder National Bank for a capital injection that makes it the first major Greek bank to fall under state control as a result of the debt crisis.
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SAN FRANCISCO, April 26- The value of investments held by the California Public Employees' Retirement System rose to $261.7 billion as of Friday, putting it above its previous high in 2007 before the financial crises and recession sent it tumbling.
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HELSINKI, April 26- Finnish pension fund Varma trimmed its fixed income investments in favour of equities in the first quarter to secure higher returns, and warned the euro zone was falling into a "trap" of low interest rates.
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TOKYO, April 26- Japan's Government Pension Investment Fund, the world's largest public pension fund, issued a tender on Friday to select new fund managers to supervise its domestic equities portion of its massive $1.12 trillion overall portfolio.
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LONDON/ NEW YORK, April 25- Verizon would likely have little trouble rustling up $50 billion or more in the debt markets to help fund the full buyout of Verizon Wireless from UK partner Vodafone, bankers and analysts said on Thursday.
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TORONTO, April 19- Barrick Gold Corp, already under pressure from setbacks at its largest development project and a slump in the price of gold, now faces a shareholder revolt over a "troubling" payment to a member of its board.
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TORONTO, April 19- A group of Canada's largest pension funds said on Friday it will vote against Barrick Gold Corp's planned signing bonus for the man tipped as its next chairman and against the election of the gold miner's compensation committee.