U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.» Read More
BOSTON, March 16- Bargain store chains are flooding into North American malls and shopping centers like never before, upstaging old mainstays like J.C. Penney and Sears that are reeling from the one-two punch of an ailing economy and competition from online stores.
BOSTON, Feb 12- Fidelity Investments, the No. 2 U.S. mutual fund company, said on Wednesday that operating profit rose 13 percent to $2.6 billion last year as clients pulled less money from its funds.
US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.
BOSTON, Feb 7- U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands, taking heavy losses after a year-long slide in prices.
NEW YORK, Feb 7- Moody's Investors Service on Friday became the second ratings agency this week to cut Puerto Rico's credit rating to junk, citing concern about the cash-strapped U.S. territory's weak economy and its ability to borrow.
Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to weak shipments and prices, but said markets for thermal coal, used to generate power, are improving. They soared 5 percent during a conference call with Wall Street analysts.
BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.
Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah, currently managing directors at Pacific Investment Management Co., will join Dan Ivascyn and Andrew Balls as deputy chief investment officers.
Jan 29- U.S. health insurer WellPoint Inc said on Wednesday the applicants for the new Obamacare health plans are of the age and demographics it had expected, indicating that medical costs will not soar beyond the prices it charges. Insurance plans under President Barack Obama's healthcare reform law went on sale Oct. 1 and into effect on Jan. 1.
DEARBORN, Mich., Jan 28- Ford Motor Co on Tuesday joined a growing number of multinational companies expressing concern that economic turmoil in Venezuela and Argentina could spell trouble for 2014 profits.
Jan 28- Merck& Co's experimental drug Ragwitek, a treatment for ragweed allergies, appears safe and effective for use in patients between the ages of 18 and 65, a panel of advisors to the U.S. Food and Drug Administration concluded on Tuesday. About 30 million people in the United States suffer allergies to ragweed pollen, according to the FDA.
*Net income jumps 86 pct to $123.2 mln. Jan 28- Homebuilder D.R. Horton Inc's sales pace picked up in January ahead of what it said would be a "very strong" spring selling season as Americans become more comfortable with higher mortgage rates in a stabilizing U.S. economy.
Jan 27 (Reuters)- Apple Inc missed Wall Street's lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.
Jan 27- Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as cost cuts and an uptick in demand for its building equipment offset continued weak sales to the mining industry.
Jan 24- Bristol-Myers Squibb Co on Friday reported stronger-than-expected quarterly results, but its shares fell because of investors' jitters about the pace at which the company is developing a promising new combination of cancer drugs.
BOSTON, Jan 23- When Pimco co-founder Bill Gross' heir apparent abruptly stepped down this week, the news illustrated just how reliant the company is on its star manager, an uncomfortable fact for investors who worry the 69- year-old has not done enough to find a replacement.
Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it would "defend its rights" in Indonesia against a new export tax but was confident of resolving its dispute with the government without going to international arbitration.
CHICAGO, Jan 21- For most investors, portfolio rebalancing is an unnatural investment act. You sell off winners to buy laggards- an unsatisfying move. Over the long haul, though, rebalancing makes sense because it lowers market risk and keeps you right with your investment goals: You'll reap a higher annualized return if you do it on a regular basis.
*Rules at SEC and ECB bolster big three. LONDON, Jan 20- For all the outrage over the role of the big three credit-rating firms in the financial crisis, they show no sign of losing their grip on the highly profitable industry.
NEW YORK, Jan 20- After years of hiding under their desks, short sellers are re-emerging- slowly. Investors who make a living betting that stock prices will fall are happy to forget 2013: The S&P 500 gained nearly 30 percent while Credit Suisse's index of hedge funds with a dedicated short bias lost 25 percent.