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  • Westpac hikes home loan rates, unveils raising Tuesday, 13 Oct 2015 | 10:10 PM ET

    Westpac unveiled a $2.5B capital raising to meet new stricter capital rules, and also pushed home loan rates higher by 20 basis points.

  • NEW YORK, Oct 8- Famed bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying he was driven out of the bond fund giant he helped found by a greedy "cabal" of executives who wanted his huge bonus for themselves. In a complaint filed on Thursday in the California Superior Court in Orange...

  • BOSTON, Sept 30- One-in-four U.S. large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. BMO's Large-Cap Value Fund boosted it energy exposure to 13 percent from 10 percent at the end of February after buying more shares of ExxonMobil Corp and refiner...

  • BOSTON, Sept 25- Vanguard Group Inc could be forced to raise its fees to cover new tax payments, possibly undercutting a low-cost advantage that has made the company the dominate player in the U.S. mutual fund industry, a tax expert for a plaintiff in a lawsuit said on Friday. University of Michigan law professor Reuven Avi-Yonah estimated tax authorities could...

  • EPS of $0.36- $0.40 vs est $0.46. EPS $1.75 vs est $1.63. Sept 22- Carnival Corp, the world's largest cruise ship operator, issued a profit forecast for the current quarter that missed analysts' estimates, overshadowing better-than-expected third quarter results.

  • BOSTON/ NEW YORK, Sept 17- Just as China shows that its domestic stock market can be something of a one-way street-- investors can put money in, but not take money out- the biggest mutual fund company, Vanguard Group, is moving ahead with plans to expose more mom-and-pop investors to the country's heavily restricted exchanges. With the Shanghai stock exchange down by...

  • Aug 28- BNY Mellon Corp's computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY...

  • Aug 28- BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY Mellon uses to calculate fund values...

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • Earnings set to drive markets again Wednesday, 22 Oct 2014 | 5:55 AM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.

  • Earnings set to take markets' center stage Tuesday, 21 Oct 2014 | 7:29 PM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.

  • Sick of huge fees? Here's some good news Friday, 26 Sep 2014 | 9:46 AM ET
    The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

    A recent move by CalPERS was seen as a victory for critics of hedge funds' high fees and low transparency and liquidity.

  • China foreign investment pattern changes Tuesday, 26 Aug 2014 | 7:25 PM ET
    Workers sew blue jeans in Yilin textile factory in Dongguan, Guangdong province, China.

    China's foreign investment mix is changing, with portfolio investors buying more stocks but foreign direct investment falling to a two-year low.

  • 'Nobility' in managing funds: Morningstar exec Friday, 20 Jun 2014 | 10:25 AM ET
    Don Phillips

    Managing a mutual fund is nothing short of a noble calling to alleviate wealth inequality, according to a Morningstar senior executive.

  • Bond manager: 'Be petrified' about Japan's debt Wednesday, 18 Jun 2014 | 5:01 PM ET
    A man walks past an electronic stock indicator at the window of a security company in Tokyo on May 16, 2014.

    Michael Hasenstab said that Japan's easy money policy will bolster global liquidity, but he warned that debt conditions there are worrisome.

  • Who's putting cash back into unpredictable markets Thursday, 12 Jun 2014 | 11:33 PM ET

    The day has been long for Justin M. Leverenz, who runs America's largest emerging markets mutual fund at Oppenheimer Funds.

  • Australia mining: Where's the smart money going? Wednesday, 2 Apr 2014 | 9:18 PM ET
    Iluka Resources' Douglas mineral sands mine operation in Douglas, north of Hamilton, Australia

    Even as Australia’s mining sector struggles with a slowdown in China, analysts polled by CNBC still think there are some some diamonds in the rough.

  • Bill Miller's top investment advice for 2014 Thursday, 27 Mar 2014 | 8:00 AM ET

    Legendary Legg Mason fund manager Bill Miller offers tips on how to invest in a market that will change in ways you'll never be able to predict.

  • Redemptions force funds to unload Puerto Rico debt Saturday, 8 Feb 2014 | 10:42 AM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.

  • US mutual funds unload on Puerto Rico debt Friday, 7 Feb 2014 | 1:28 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    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.