Investing Securities

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. The $3.5 billion MIT plan is accused of hiring Boston- based Fidelity as record keeper without competitive...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • *UK bond buying spurs appetite for U.S., German govt debt. NEW YORK, Aug 9- Longer-dated U.S. The BOE fell 52 million pounds short of its target to buy more than 1 billion pounds of long-dated UK government debt, failing to find enough sellers for the first time since it started its quantitative easing program in 2009..

  • *UK bond buying spurs appetite for U.S., German govt debt. NEW YORK, Aug 9- Longer-dated U.S. The BOE fell 52 million pounds short of its target to buy more than 1 billion pounds of long-dated UK government debt, failing to find enough sellers for the first time since it started its quantitative easing program in 2009..

  • Aug 9- Federal Reserve data dependency isn't what it used to be. Former Fed Chair Ben Bernanke points out that the U.S. central bank's own forecasts for key indicators like long-term growth, inflation and interest rates have moved downward in a steady and now accelerating fashion in recent years. "It has not been lost on Fed policymakers that the world looks...

  • BOSTON, Aug 9- Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is...

  • LONDON, Aug 9- The Bank of England fell 52 million pounds short of its target to buy more than a billion pounds of long-dated government debt on Tuesday, an early slip-up for one of its latest measures to stimulate Britain's economy. Tuesday's reverse auction was the BoE's first attempt to buy long-dated debt since it announced on Thursday it was cutting interest...

  • LONDON, Aug 9- Emerging dollar-bond markets have been on a roll in recent months thanks to investors hunting for returns, but Ghana's failure to place its issue shows investors are willing to drive a hard bargain when it comes to weak junk-rated credits. Emerging debt funds have just posted their largest five-week inflow on record, amounting to $16.6 billion,...

  • LONDON, Aug 9- The Bank of England failed to get enough offers for its planned purchase of 1.17 billion pounds of government bonds with maturities longer than 15 years, sending gilt yields to new record lows across a range of maturities. The central bank said it would announce its response to the shortfall on Wednesday at 0800 GMT. The Bank of England was not...

  • NEW YORK, Aug 9- Longer-dated U.S. Non-farm productivity fell for the third straight quarter, the Labor Department reported, raising concerns about corporate profits and companies' ability to maintain the strong pace of hiring exhibited in recent months. "Productivity is usually not a day trade item, but I do think the weakness in that report today is probably...

  • Aug 9- U.S. stock index futures were little changed on Tuesday as investors looked for market-moving catalysts, a day after the S&P 500 index touched a record intraday high. *On Monday, Wall Street closed down in one of its lowest volume trading day this year, after the S&P slipped from its record high as healthcare stocks weighed. *Oil prices were largely flat after...

  • TOKYO, Aug 9- Setting a cap on long-term interest rates and buying bonds to keep yields below that level may be a realistic option for the Bank of Japan if it were to overhaul its massive stimulus programme in the future, a former top BOJ economist said. Hideo Hayakawa, well-versed in the BOJ's policy drafting, also said the central bank should review the feasibility...

  • *Hungary, Czechs report low inflation, Romania cuts forecasts. BUDAPEST/ WARSAW, Aug 9- Central European currencies and government bonds firmed on Tuesday due to a combination of increased appetite for yield in global markets and lower inflation data from Budapest and Prague. However, remaining uncertainty over the costs of the mortages bill and tensions...

  • MUMBAI, Aug 9- At his last policy review as head of the Reserve Bank of India, Raghuram Rajan kept key interest rates unchanged on Tuesday to cool inflation running near two year highs, while also pushing for policy panel to be formed in time for a review in October. The decision to hold the repo rate at 6.50 percent had been widely expected after consumer inflation...

  • TOKYO, Aug 9- Japanese government bonds mostly firmed on Tuesday as a strong 30- year auction reassured investors' fears about demand in the wake of last week's selloff. The Ministry of Finance offered 800 billion yen of 30- year JGBs with a 0.3 percent coupon. "There are plenty of people who still want to buy JGBs with positive yields, and it seems the market is...

  • *Longer-dated yields little moved after rise to highest since July 21. NEW YORK, Aug 8- U.S. Fed funds futures prices showed traders now see almost a 50-50 chance the U.S. central bank will raise rates by December, according to CME Group's Fed Watch tool.

  • *Longer-dated yields little moved after rise to highest since July 21. NEW YORK, Aug 8- U.S. Fed funds futures prices showed traders now see almost a 50-50 chance the U.S. central bank will raise rates by December, according to CME Group's Fed Watch tool.

  • Aug 8- Logan's Roadhouse Inc, a steakhouse chain with about 260 restaurants, filed for bankruptcy protection on Monday after struggling with falling sales, rising labor and food costs and competition from casual dining rivals. The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give bondholders including a Blackstone Group...

  • The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give noteholders equity in the reorganized company, according to filings with the U.S. bankruptcy court in Delaware. Logan's plans to close some poorly-performing restaurants as part of its reorganization, which has support from its bank lenders and most bondholders,...