By Svea Herbst-Bayliss and Katya Wachtel BOSTON/NEW YORK (Reuters) - A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen's SAC Capital Advisors is expected to return to investors by year-end. Large... [Full Article]
By Sarah N. Lynch WASHINGTON (Reuters) - A portion of the $2.6 trillion money market fund industry would be required to fundamentally change how it prices its shares under proposals issued by U.S. regulators on Wednesday to reduce the risk of abrupt ... [Full Article]
(Reuters) - One-time hedge fund darling Apple Inc was dropped by more well-known fund managers in the first quarter, including John Griffin and Chase Coleman. Shares of Apple were down $19.50, or 4.4 percent, at $424.36 in trading on the Nasdaq on We... [Full Article]
BRUSSELS (AP) - A plan to turn Mali into a stable democracy and prevent it from becoming a terrorist haven got a boost Wednesday as European nations lined up to pledge hundreds of millions of euros in aid for the conflict-ridden West African nation. ... [Full Article]
LONDON (AP) - Somalia's president urged donors at an international conference Tuesday to provide "considerable investment and support" for his beleaguered government, arguing that the fate of his country and the region hangs in the bal... [Full Article]
KABUL, Afghanistan (AP) - Afghan President Hamid Karzai said Monday that his national security team has been receiving payments from the U.S. government for the past 10 years. (Source: Associated Press)... [Full Article]
By Sam Forgione NEW YORK (Reuters) - Investors pulled $7.3 billion out of U.S.-based stock funds in the latest week, the most since July of last year even as U.S. stock markets recovered from a sharp selloff, data from Thomson Reuters' Lipper Se... [Full Article]
PRAGUE (AP) - The Czech Republic plans to donate 4 million koruna (some $200,000) to help the Texas town of West recover from a devastating fertilizer plant explosion. (Source: Associated Press)... [Full Article]
(Reuters) - Mutual funds regulators are suffering from Twitter overload. Many funds companies, which are required to file advertising and promotional materials for regulatory review, have also been sending over all of their posts on Facebook, Twitter... [Full Article]
LONDON (Reuters) - Europe's top court has denied UK final salary workplace pension funds the chance of a one-off 2 billion pound ($3.01 billion)windfall after a ruling rejected a call for an exemption from paying VAT on some fund manager fees. T... [Full Article]