Outsized investment returns and strong inflows have seen Wellington's assets under management grow to $939 billion at the end of March from $834 billion at the end of 2013, putting it on track to join the exclusive club of money managers running more than $1 trillion by as early as this year. While smart stock picking has helped, the company's growth has also...
WASHINGTON, April 21- A high-frequency trader was arrested in London over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly $1 trillion in market value, the first time authorities have blamed manipulation for the turbulence. The U.S. Justice Department said on Tuesday that it had criminally charged Navinder Singh Sarao, 36, of London,...
WASHINGTON, April 21- A high-frequency trader was arrested in the United Kingdom over charges he manipulated the futures market and played a role in sparking the May 2010 "flash crash," the U.S. Justice Department said on Tuesday. Navinder Singh Sarao, 37, of Hounslow, United Kingdom, was criminally charged on charges of wire fraud, commodities fraud and...
WASHINGTON, April 21- A high-frequency trader in the United Kingdom has been criminally charged with manipulating the futures market and helping spark the infamous May 2010 "flash crash," the Justice Department said. Navinder Singh Sarao, 37, of Hounslow, United Kingdom, was arrested on Tuesday in the United Kingdom on charges of wire fraud, commodities fraud and...
*Decline in Apple weighs on S&P and Nasdaq. NEW YORK, Feb 25- Wall Street lagged a rise in global markets on Wednesday, with the S&P 500 and the Nasdaq closing slightly lower even as energy shares gained along with a surge in oil prices. On Wall Street, a sharp drop in shares of Apple Inc took a toll on the S&P 500 and Nasdaq, but the Dow marked another record closing high,...
*Looking to raise 100- 150 mln stg in debt or equity-source. PARIS/ LONDON, Dec 11- Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss. Aston Martin, James Bond's carmaker of...
The "Fast Money" traders share their final trades of the day.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
LONDON, Oct 12- Formula One's USD1bn high-yield private placement proves investors will lend large amounts of cash to top quality businesses, even for aggressive dividend recapitalisations, and could pose a challenge for banks if it becomes a broader trend.
Oct 3- Waddell& Reed Financial Inc:. *Stifel cuts Waddell& Reed Financial Inc to hold from buy. Reuters Station users, click. 1568.
Shares of the following companies are showing unusual moves in Tuesday's trading session.
Because of home conversions, what could be the sad gradual loss of a well-built historic structure is really a boon to an enterprising homebuyer. Click to see inspiring examples of repurposed structures.
Here's why you should keep a close eye on these six stocks.
Stocks trimmed losses to end narrowly mixed Thursday as Treasury prices firmed and the dollar stabilized. McDonald's and DuPont fell, while BofA rose.
Stocks eased losses ahead of the close Thursday as Treasury prices firmed, but gains were limited by a stronger U.S. dollar. DuPont and McDonald's fell, while BofA rose.
Stocks declined Thursday as Treasurys erased most of their gains ahead of a 30-year bond auction and despite evidence the U.S. economy continues to improve. DuPont and Travelers fell, while BofA rose.
A fresh wave of economic worry swept across Wall Street, aggravated by a spike in wholesale prices, dismaying corporate results, and oil trading above $100 a barrel.
Large-cap growth stocks, especially in the technology sector, are where investors ought to be putting their money right now, according to Jason Trennert. But the chief investment strategist and managing partner at Strategas Research Partners also holds financials -- very selectively.
Private equity is all the rage -- and while financial services companies typically have been shielded from such deals, that is beginning to change. KBW, a boutique investment bank specializing in financial services companies, recently penned a report that revealed possible private equity targets.