Morningstar Inc


  • NEW YORK, Jan 2- The Pimco Total Return Fund, the world's largest bond fund, had a negative return for 2013 of nearly 2 percent, its first annual loss in 14 years, as fears of a reduction in the Federal Reserve's bond-buying sent Treasury prices lower, preliminary data from Morningstar showed on Thursday.

  • Would you let technology run your portfolio? Thursday, 2 Jan 2014 | 11:40 AM ET

    Computerized trading has already taken over Wall Street. But are investors ready to hand their portfolios over to machines, too?

  • NEW YORK, Dec 30- Resolutions don't work- behavioral experts know that. When you wake up on Jan. 1 and emphatically say something vague like "This year, I am going to get my finances under control- I really mean it!" there's a good chance your budget will end up where all those good intentions usually lead.

  • BlackBerry said it hoped to expand the fledgling relationship to its top-of-the-line smartphones. The deal is unconventional in that BlackBerry will no longer pay upfront for components used in the devices made on its behalf in Foxconn's Indonesian and Mexican factories.

  • BlackBerry said it has entered a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture handsets, starting with a low-end device built for Indonesia and other emerging markets. The deal means that BlackBerry will no longer pay upfront for components for devices produced by Foxconn on its behalf.

  • UPDATE 2-BlackBerry reports huge quarterly loss Friday, 20 Dec 2013 | 9:13 AM ET

    BlackBerry sold about 4.3 million handsets in the third quarter ended Nov. 30, including some shipped to suppliers earlier. Older BlackBerry 7 models account for about 3.2 million of the smartphones.

  • Neuberger Berman starts second alternative mutual fund Thursday, 19 Dec 2013 | 5:41 PM ET

    NEW YORK, Dec 19- Neuberger Berman Group LLC has launched its second mutual fund that employs external hedge fund managers to manage its assets, the New York- based investment firm said on Thursday.

  • End of boom? Not for Australia's iron ore miners Wednesday, 18 Dec 2013 | 4:00 PM ET

    VALLEY OF THE KINGS, Australia, Dec 19- A fleet of charter flights ferry thousands of workers to and from this outback mine site. Rio Tinto, BHP Billiton and Fortescue Metals Group are bulking up in Western Australia's iron-rich Pilbara desert as if the mining boom had never ended.

  • 6 retirement myths you need to ignore Tuesday, 17 Dec 2013 | 9:54 AM ET

    Find out the truth behind the persistent myths that could be hindering your retirement planning.

  • Dec 16- Vanguard Group, the top U.S. mutual fund company, is poised to capture the most fund flows for a third straight year, according to Morningstar Inc.. Through the end of November, Vanguard funds had captured $65.3 billion in fund flows, Morningstar said.

  • WASHINGTON, Dec 15- The withering U.S. municipal bond market will shrink even more well into 2014, with interest rate and credit risks keeping both investors and borrowers away. "There are two themes that occurred this year and they're going to carry on to next year," said Chris Alwine, head of municipal bonds at The Vanguard Group, which has $100 billion in assets.

  • Dec 13- Qualcomm Inc promoted Chief Operating Officer Steve Mollenkopf to chief executive in a surprise move that follows investor pressure on the phone chipmaker to return capital and speculation that he might be poached to run Microsoft.

  • NEW YORK, Dec 13- With a nearly 50 percent gain in his portfolio for the year, fund manager Michael Corbett might be expected to coast into January. "I'm interested in finding the five baggers," which Wall Street calls a stock that appreciates to more than five times its purchase price.

  • LONDON, Dec 12- The bet paid off in Ireland and it paid off in Hungary but star bond investor Michael Hasenstab's faith in distressed countries honouring their sovereign debts faces an even bigger test in Ukraine. For the moment at least the fate of a $5 billion- plus punt on Ukraine government debt by the Franklin Templeton manager does not look promising.

  • "Because antimicrobial drug use in both humans and animals can contribute to the development of antimicrobial resistance, it is important to use these drugs only when medically necessary," the FDA said in a release.

  • NEW YORK, Dec 9- As the calendar closes down on 2013, many U.S. money managers are finding themselves in an unfamiliar position: selling some of the bond funds that have long been mainstays of their clients' portfolios.

  • Dec 9- Struggling teen apparel retailer Abercrombie& Fitch Co said it will extend Chief Executive Mike Jeffries' contract by at least a year after it expires in February, days after a shareholder urged the company to replace him.

  • *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.

  • FUND VIEW: Winning preferred fund bets on real estate Wednesday, 4 Dec 2013 | 1:23 PM ET

    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.

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