But the former chairman of Obama's Council of Economic Advisers insists the central bank is not yet behind the curve on interest rates based on recent economic and jobs data.» Read More
BLACKROCK CEO FINK SAYS HE RECEIVED ANGRY PHONE CALLS OVER HIS LETTER TO S&P 500 CEOS DECRYING SHORT-TERM THINKING.
The median pay package for a CEO rose above eight figures for the first time last year.
Could things have turned out differently? Yes, according to one source in the AstraZeneca camp who pointed to a flaw in Pfizer's strategy.
AstraZeneca free for now as May 26 deadline passes. LONDON, May 27- On a sunny day in San Francisco last January, AstraZeneca Chief Executive Pascal Soriot was on his way to the Westin St. Francis hotel on Union Square to give investors some unexpectedly good news.
LONDON/ NEW YORK, May 26- Pfizer abandoned its attempt to buy AstraZeneca for nearly 70 billion pounds on Monday as a deadline approached without a last-minute change of heart by the British drugmaker.
LONDON/ NEW YORK, May 26- Pfizer said on Monday it had abandoned its current attempt to buy AstraZeneca for nearly 70 billion pounds as a deadline approached without a last-minute change of heart by the British drugmaker. Its decision to quit the stage, at least for now, had been widely expected after AstraZeneca refused its final offer of 55 pounds a share.
LONDON, May 23- BlackRock, the world's biggest asset manager, said on Friday one of its main bond funds had cut its holdings of peripheral euro zone government debt to their lowest since the height of the crisis.
Vanguard Group CEO Bill McNabb says the idea of tagging some funds as systemically important to the financial system will cost investors.
May 21- Asset manager Eaton Vance Corp's quarterly profit rose nearly 18 percent as it earned higher fees from its investment advisory and administrative services, sending its shares up more than 4 percent in early trading. Excluding items, Boston- based Eaton Vance earned 59 cents per share.
MUMBAI, May 21- With Amazon.com Inc ramping up its presence in India, two local online retailers are preparing for tougher competition with separate deals worth a combined $400 million set to be finalised this week.
*Euro zone bonds rally on growing expectations of ECB QE. LONDON, May 19- Any European Central Bank move to print money could raise investors' expectations for euro zone inflation and growth, pushing German Bund yields higher and potentially halting a two-year-old rally in peripheral debt.
Fortress Investment Group LLC is reportedly considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village.
May 13- Fortress Investment Group LLC is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter. MetLife sold the complex in 2007 for a record $5.4 billion to a group led by Tishman Speyer Properties LP and a real estate unit of BlackRock Inc..
May 13- Morgan Stanley has hired a senior Barclays Plc executive, the New York Times reported, citing an internal memo from the U.S. bank. Whitman, who served as the head of mergers for financial institutions at Barclays, joins the recent drain of bankers from the British company as it moves to scale down its investment banking operation.
Senior members of the U.S. House of Representatives' Financial Services Committee said in a letter that they fear the United States may end up surrendering on financial regulatory matters to the Financial Stability Board, a group they referred to as an "international old boys club that deliberates in secret."
LONDON, May 9- Investors may be stretching too far for higher returns in what some are terming a worldwide "Yield Grab-athon", closing their eyes to the risk of heavy potential losses when interest rates eventually drift higher.
LONDON, May 9- Lower-rated euro zone bond yields fell to fresh record lows and the common currency slid further on Friday as investors positioned for more monetary stimulus from the European Central Bank.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
ATHENS, May 8- Top Greek lender National Bank priced an offering of new shares at 2.20 euros each after books closed on Thursday as it aims to raise 2.5 billion euros, an official at the bank told Reuters.
WASHINGTON, May 7- The U.S. financial risk council on Wednesday raised red flags about new, potentially risky practices by asset managers and nonbank mortgage servicers, which they said are not regulated as carefully as banks. The sectors were highlighted by the Financial Stability Oversight Council in a report published on Wednesday.