US hedge fund managers are looking to introduce new investment vehicles as investors scorn low bond yields.» Read More
*Russia cracking down on tobacco consumption. MOSCOW/ LONDON, Dec 4- Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes in their Russian distributor Megapolis for $750 million each, strengthening their grip on the world's No.2 cigarette market by volume after China.
NEW YORK, Dec 4- Portfolio manager Joel Beam has spent the last 13 years investing in a part of the market that even many professional investors aren't familiar with. There are now 41 preferred funds tracked by Morningstar; 10 years ago there were only five, including the Forward fund.
Dec 3- Canadian planemaker Bombardier Inc said on Tuesday that it replaced the head salesman for the slow-selling CSeries aircraft with an executive from its business jet division. "Clearly the sales have been pretty weak, so at some point you've got to try something different," said Neil Dihora, a Morningstar Inc analyst.
Dec 3- An Abercrombie& Fitch Co shareholder urged the teen apparel retailer to replace Chief Executive Mike Jeffries after his contract expires in February, failing which the company should look to sell itself.
NEW YORK, Dec 3- Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said Tuesday that easy-money policies worldwide have put global economies and their capital markets increasingly at risk.
Dec 3- An Abercrombie& Fitch Co shareholder called on the teen apparel retailer to replace Chief Executive Mike Jeffries after his contract expires in February, saying his re-election could further dent shareholder confidence in the board.
LOS ANGELES, Dec. 2- College savings plans are better deals than they were a few years ago, but there are still a few clunkers out there. Each fall, investment research firm Morningstar singles out the nation's best 529 college savings plans.
MSCI indexes for Japan, Germany, France and Spain, for instance, trade at 14 times earnings, compared with 15 for the Standard& Poor's 500; Britain is cheaper, at 13 times earnings, and MSCI's broad-based index of emerging markets is cheaper still, with a price-earnings ratio of 11..
CHATHAM, N.J./ LOS ANGELES/ WHITE PLAINS, NY, Nov 27- T he 2013 holiday shopping season may end up being remembered for its ugly sweaters and, for many retailers, even uglier discounts.
These data do not confirm the signal of increased risk of heart attacks that was found in an analysis of previous clinical trials first reported in 2007, the FDA said in a statement. "GSK welcomes the decision of the FDA and appreciates the agency's robust review of the science with regard to Avandia," Glaxo said in an emailed statement.
These data do not confirm the signal of increased risk of heart attacks that was found in an analysis of previous clinical trials first reported in 2007, the FDA said in a statement. GlaxoSmithKline could not immediately be reached to comment on the FDA decision.
The chain offers many of the same organic and other high-quality goods found in Whole Foods Market, but at lower prices than at the chain that critics call "Whole Paycheck." Fairway's aim is to win over affluent consumers who want to save money, while attracting shoppers of more modest means who can't afford Whole Foods.
Nov 20- J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported weaker-than-expected quarterly revenue as lower commodity costs and product selling prices failed to translate into sales growth. A K-cup is a plastic pod that Green Mountain Coffee Roasters Inc licenses to coffee and beverage makers.
Nov 20- Devon Energy Corp will buy GeoSouthern Energy Corp's core assets in the Eagle Ford shale region of south Texas for $6 billion in cash, in a deal that looks to answer criticism about the company's lack of exposure to higher-margin oil.
NEW YORK, Nov 20- Investors in New York City's debt have had it good. He also has to cut a deal with city unions who are demanding up to $8 billion in retroactive pay increases as part of a new contracts that outgoing Mayor Michael Bloomberg has left for his successor.
NEW YORK, Nov 19- As recently as six months ago, Sandy Villere was pushing more of his $1.1 billion fund into U.S. stocks- a good call given the 26 percent gain in the S&P 500 so far this year.
*Shares of Qualcomm, Synaptics rise as sales to China grow. *China market big enough to support latecomers- analysts.
SAN FRANCISCO/ CHICAGO, Nov 15- CME Group Inc, the world's largest futures exchange operator, said Friday that its clearing service for energy and other swaps was "the victim of a cyber intrusion" in July, sparking a federal criminal investigation.
NEW YORK, Nov 14- BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country's smaller banks, where it sees a promising market for exchange-traded corporate bond funds.
Municipal bonds issued for bankrupt American Airlines that once traded for less than 20 cents on the dollar have taken flight over the past year, scoring big-ticket gains for a handful of U.S. municipal bond fund managers.