Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.» Read More
Hedge fund managers are riding their best stock ideas as long as possible and but overall returns continue to lag.
Nov 27- CVS Caremark Corp said on Wednesday it was buying Coram LLC, Apria Healthcare Group Inc's specialty infusion services and enteral nutrition business unit, for $2.1 billion.
Nov 27- A number of private equity investors are studying the possibility of making a bid for business software company Compuware Corp, the Financial Times reported on Wednesday. Firms such as Thoma Bravo and Vista Equity Partners have approached Compuware about taking the company private, the newspaper said, citing unnamed sources.
Happy Wednesday. Gobble gobble.
The U.S. Federal Reserve was pressing JPMorgan Chase & Co to distance itself from its metals warehousing business more than a year ago.
BRASILIA/ SAO PAULO, Nov 27- Brazil's Supreme Court on Wednesday begins reviewing a two-decade old case on savings accounts that could cost banks almost one-third of their market value and throw a wrench into Latin America's largest economy.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's.
Federal Reserve was pressing JPMorgan Chase& Co to distance itself from its metals warehousing business more than a year ago, documents seen by Reuters show, long before the issue became a focal point in the debate over Wall Street's role in physical commodities trading.
Goldman Sachs is most bullish on Japanese and European equities in 2014, maintaining an overweight rating on both markets.
NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.
Bank of America Corp. rose$. 07 or. 4 percent, to $15.88. Citigroup Inc. fell$. 28 or. 5 percent, to $53.01. Goldman Sachs fell $1.44 or. 8 percent, to $168.04.
NEW YORK, Nov 26- Chemicals manufacturer Ashland Inc is in talks with at least eight private equity firms about selling its water technologies unit in a deal that could top $1.5 billion, according to people familiar with the matter.
NEW YORK, Nov 26- When U.S. broker MF Global came under pressure from lenders, trading partners and clients two years ago, one of the biggest claims for its funds came from LCH.Clearnet, a company not very well known outside financial markets.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.89. Citigroup Inc. fell$. 24 or. 4 percent, to $53.06. Goldman Sachs fell$. 99 or. 6 percent, to $168.49.
Bank of America Corp. rose$. 10 or. 6 percent, to $15.91. Citigroup Inc. fell$. 16 or. 3 percent, to $53.13. Morgan Stanley rose$. 10 or. 3 percent, to $31.64.
*China hits profits at Remy, Hugo Boss. LONDON, Nov 26- European shares lacked the momentum to extend a rally to multi-year highs on Tuesday, a mixed outlook for corporate earnings underlined by downbeat signals from Remy Cointreau and Hugo Boss.
As the global economy continues to recover next year Australia will be left behind, which tips it as the only developed market to see lower growth.
Bank of America Corp. rose$. 17 or 1.1 percent, to $15.81. Citigroup Inc. rose$. 88 or 1.7 percent, to $53.29. Goldman Sachs rose $1.38 or. 8 percent, to $169.48.
Nov 25- Chrysler Group LLC, the No. 3 U.S. automaker, has abandoned plans for an initial public offering this year so it can sort out a U.S. tax issue, according to two sources familiar with the process. Chrysler, which is majority owned by Italian automaker Fiat SpA, was previously looking to kick off its IPO road show in early December.
NEW YORK, Nov 25- Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.