NEW YORK— The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering economy.» Read More
NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.
On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
NEW YORK, March 26- For decades, Trafigura's co-founder and Chief Executive Officer Claude Dauphin has been the epitome of the successful commodity trader, a demanding workaholic who traveled to harsh frontiers in search of raw materials to sell at a profit.
The lawsuit, pending in Los Angeles federal district court, was filed by NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management Corp, as part of a long-running series of court battles over Argentina's $100 billion default.
BOSTON, March 25- Weight loss and nutrition company Herbalife launched a website on Tuesday that details its business practices and counters claims made by billionaire investor William Ackman that it is running an illegal pyramid scheme.
10 TH OF RAMADAN CITY, Egypt, March 25- Egypt's next president is likely to face a far more complex problem than cracking down on Islamists- meeting the demands of workers desperate for decent jobs and wages.
*Ukraine conflict continues; Russia seizes marine base. Concerns that the crisis in Ukraine could escalate gave investors a reason to drop some of the market's biggest trading favorites. Netflix Inc tumbled 6.7 percent to close at $378.90, with fellow Internet names Facebook Inc down 4.7 percent at $64.10 and TripAdvisor Inc down 3.9 percent at $97.58.
*Ukraine conflict continues; Russia seizes marine base. Concerns that the crisis in Ukraine could escalate pushed traders to drop some of the market's biggest trading favorites, taking the Nasdaq below its 50- day moving average in a sign of weakening near-term momentum.
Herbalife shares, which were up 6.8 percent in early afternoon trading, also got a boost from news that rival direct-seller NU Skin Enterprises Inc had been fined just $540,000 by Chinese regulators for illegal sales practices.
*Xero leads charge, now NZ's 2nd- biggest listed company. WELLINGTON, March 25- New Zealand technology firms are rolling into global markets, selling software to businesses that locks down mundane tasks like accounting and expenses, rather than developing slick social media apps that consumers download free of charge.
U.S. stocks fell as Ukraine weighed on sentiment and pushed investors to take profits in some of the market's biggest trading favorites.
*Ukraine conflict continues, Russia seizes marine base. *Nasdaq hit as trading favorites like Netflix, Tesla sink. Netflix Inc dropped 6.7 percent to $378.60, Tesla Motors shed 5.5 percent to $216.35 and Facebook Inc slid 4.4 percent to $64.25.
*Ukraine conflict continues, Russia seizes marine base. NEW YORK, March 24- U.S. stocks fell on Monday as the ongoing crisis in Ukraine weighed on sentiment and pushed investors to take profits in some of the market's biggest trading favorites.
*Ukraine conflict continues, Russia seizes marine base. NEW YORK, March 24- U.S. stock index futures pointed to modest gains at the open on Monday as weak data on Chinese manufacturing raised hopes of fresh Chinese stimulus to combat slowing momentum, though tensions over Ukraine weighed on sentiment.
March 24- Nutrition and weight-loss company Herbalife Ltd said it had agreed to allow three more representatives of billionaire investor Carl Icahn to join its board, sending the company's shares up as much as 9 percent before the bell.
*Ukraine conflict continues, Russia seizes marine base. *Herbalife rallies, Icahn to get more reps on board.
March 24- Nutrition and weight-loss company Herbalife Ltd said it would allow three more representatives of billionaire investor Carl Icahn to join its board, sending the company's shares up as much as 9 percent before the bell on Monday.
March 24- Herbalife Ltd, a nutritional products maker, said it would nominate three additional Carl Icahn designees to its board. Herbalife, which is being investigated by the Federal Trade Commission, earlier this month postponed its annual shareholders' meeting to April 29 to continue discussions with Icahn about new board nominees.
WASHINGTON, March 21- Brazil, France and Mexico are expected to file papers in the U.S. Supreme Court on Monday backing Argentina in its legal battle with bondholders who refused to take part in debt restructurings from the country's 2002 default, according to a source familiar with the litigation.
*Barroso, Van Rompuy smile when asked about Italy budget. *PM Renzi says Italy will respect 3 pct deficit limit. However the reaction in Italy reflected questions over how well Renzi's fast-talking style and his promises to end the austerity policies which have dominated the EU's response to the euro zone debt crisis will go down in Brussels.