Thomson Reuters


  • Pimco hasn't said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Outflows "will tend to be elevated over the next few months" said Jeff Tjornehoj, head of Americas research at Lipper, a Thomson Reuters company, who said Gross's exit is "the last straw" for some institutional investors. Morgan Stanley said that the...

  • CARACAS, Oct 6- Venezuela has withdrawn money from its central bank reserves to start paying roughly $1.786 billion in debt, a high-ranking government source told Reuters on Monday, allaying fears the Socialist-run country might opt to default. Venezuela has to service roughly $1.498 billion due from its Global 2014 bond on Wednesday and about $250 million in...

  • TORONTO, Oct 6- Postmedia Network said on Monday it will buy Quebecor Inc's Sun Media newspaper assets for C $316 million in a deal that would give a single publisher control of most of the major English-language dailies in Canada. The deal would bring some 175 newspapers and publications, including the Sun's flagship assets- the Ottawa, Toronto, Winnipeg,...

  • NEW YORK, Oct 6- Bank of America-Merrill Lynch on Monday wrote that buyback programs could drive third-quarter earnings above expectations, though the twin headwinds of lower oil and a stronger dollar could limit the upside surprise. "Though they slowed from, we estimate that buybacks still boosted earnings per share growth by 1.5-2.0 percent" in the third...

  • Oct 5- Medical equipment supplier Becton Dickinson& Co has agreed to buy CareFusion Corp, a maker of infusion pumps and other medical devices, for $12.2 billion in cash and stock, marking the latest multibillion-dollar healthcare sector deal. Becton said on Sunday it would pay a total of $58.00 a share- $49.00 in cash and 0.0777 of a share of Becton Dickinson- for...

  • NEW YORK, Oct 5- The suddenly unstoppable U.S. dollar is posing a triple threat to American companies' profits: driving up the costs of doing business overseas, suppressing the value of non-U.S. sales and, perhaps most worryingly, signaling weak international demand. "You will get some companies that have failed to meet expectations based on the weakness we're...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • BOSTON/ NEW YORK, Oct 3- Investors hope the Bond King can remake himself as a team player. Bill Gross last week abruptly left Newport Beach, California- based Pimco, the firm he built into a bond giant, to join Janus Capital Group, a small Denver firm that touts on its website how its friendly, team-oriented culture creates "strong collaborators." Kevin Mahn, who helps...

  • GoPro shares slump after early IPO lockup break Thursday, 2 Oct 2014 | 4:40 PM ET

    Oct 2- Shares of GoPro Inc closed down nearly 7 percent on Thursday, wiping out about $800 million in market value, after the wearable camera maker said a portion of its Class A shares would be exempt from a lock-up restriction, effective tomorrow. GoPro, whose stock has quadrupled since its June 24 IPO price of $24, said about 5.8 million Class A shares have been...

  • *Deal gives Nedbank bigger presence in Africa. JOHANNESBURG, Oct 2- South Africa's Nedbank said on Thursday it will acquire a 20 percent stake in pan-African lender Ecobank Transnational for $493 million in cash, ending months of speculation it could walk away from the deal over governance concerns. "Nedbank will be investing a very substantial amount of their...

  • US oil ends lower; Brent plunges to 13-month low Tuesday, 12 Aug 2014 | 2:43 PM ET

    Brent crude extended losses for a third straight session, as tensions in Iraq were not expected to threaten the OPEC producer's output.

  • Samsung bull slashes price target on stock Monday, 11 Aug 2014 | 11:21 PM ET

    Samsung Electronics appears to be losing its shine for investors, with one long-time bull slashing his price target on the stock.

  • StanChart to scour records for money laundering Monday, 11 Aug 2014 | 8:23 PM ET
    The Standard Chartered Plc logo

    Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity.

  • India’s inflation fight starts in the kitchen Monday, 11 Aug 2014 | 7:01 PM ET

    Soaring prices underscore the inflation risk in India, which remains a headache for policymakers who will release data on consumer prices this week.

  • Malaysia Airlines' shares jump 10% on takeover offer Sunday, 10 Aug 2014 | 9:51 PM ET

    Shares of MAS rose after Khazanah Nasional said it will offer 27 sen for each share, amounting to nearly 1.4 billion ringgit ($435 million).

  • China rebuffs US efforts on South China Sea Sunday, 10 Aug 2014 | 7:49 PM ET

    China appeared to rebuff pressure from the United States as Southeast Asian nations declined Washington's proposal for a freeze on provocative acts.

  • Chinese banks get serious about risk of bad debts Thursday, 7 Aug 2014 | 7:34 PM ET

    Chinese banks are cutting off riskier borrowers, tightening lending terms, and deploying teams of investigators to assess the risk of loan defaults.

  • Yen sags on Japan pension plans; Euro holds steady Thursday, 7 Aug 2014 | 3:45 PM ET

    The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.

  • Samsung's next reinvention challenge: itself Wednesday, 6 Aug 2014 | 7:46 PM ET
    Samsung Galaxy Tab S

    Samsung Electronics is under pressure to reinvent itself - to be more innovative, but not lose the rigor and focus that made it a global powerhouse.

  • Midday movers: Hess, Twitter, Valero Eneregy & More Wednesday, 30 Jul 2014 | 12:14 PM ET

    Some of Wednesday's midday movers: