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Some bond funds bet on longer-lasting rally in energy debt
By Sam ForgioneNEW YORK (Reuters) - Many bond investors who benefited from the recent rally in battered energy debt prices are maintaining or seeking to add to their holdings, viewing the rally as the...
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We just got a new insight into a crucial crisis-era dispute between Goldman...
The National Archives did a document dump on Friday, releasing transcripts, meeting agendas, and confidentiality agreements from the Financial Crisis Inquiry Commission.The group was set up in the...
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STOCKS RALLY — DOW GAINS 218: Here's what you need to know
Stocks rallied on Friday to cap what was a big week for stocks as the S&P 500 closed at its highest level of 2016 with the benchmark index now down just 1.1% for the year. First, the...
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The No. 1 thing men need to throw out of their closets
For a variety of reasons — bad taste, pure delusion, or emotional attachment — we often keep clothes that we should actually throw away.This goes for both genders, but especially for men. Men's fashion...
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Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger
WASHINGTON (Reuters) - A Washington, D.C. agency that advocates for utility customers rejected on Friday a possible compromise that would allow power company Exelon Corp to merge with Pepco Holdings...
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MF Global bondholders reach $29.8 million settlement with banks
By Jonathan StempelNEW YORK (Reuters) - Investors who lost money when Jon Corzine's MF Global Holdings Ltd collapsed reached a $29.83 million settlement with five underwriters that helped the futures...
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New technology could let your car tell you if you're too tired to drive
BI INTELLIGENCE DAILY RUNDOWN - Signup TodayNo More Falling Asleep at The WheelIf you've ever felt too tired to drive, then soon your car might be able to tell you to take a nap before you get behind...
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The sale of Intel's VC unit could trigger another avalanche in startup...
Intel is shopping around its in-house venture-capital business, according to a Bloomberg report.The move to sell part of Intel Capital, which comes two months after the retirement of the group's...
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We just got our hands on a hilarious interview with hedge funder Steve Eisman...
The National Archives did a document dump on Friday, releasing transcripts, meeting agendas, and confidentiality agreements from the Financial Crisis Inquiry Commission (FCIC).There are interviews with...
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Mercedes is giving its respectable E-Class some extra bite
Mercedes-Benz unveiled its latest E-Class sedan in January at the 2016 Detroit Auto Show.Now the company has given its bread-and-butter midsize luxury sedan an edgy alter ego.This week, the Stuttgart,...
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Chipotle co-CEOs 2015 compensation halved amid food-safety scare
(Reuters) - Chipotle Mexican Grill Inc's co-chief executive officers' total compensation more than halved in 2015, a year when the one-time Wall Street darling lost flavor following a series of...
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Buffett's compensation edges up; Berkshire gets climate proposal
By Jonathan Stempel(Reuters) - Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire...
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Valeant under pressure to beef up management as new board meets
By Carl O'Donnell and Svea Herbst-BaylissNEW YORK (Reuters) - Drug company Valeant Pharmaceuticals Inc is under pressure from investors to introduce more transparency into its operations and expand its...
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Credit Suisse to cut 163 jobs in New York
(Reuters) - Credit Suisse Group AG said it would lay off 163 employees at its New York office, as part of a restructuring plan under new Chief Executive Tidjane Thiam.The cuts will be effected through...
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As market rallies back, investors turn eyes to the Fed
By Lewis KrauskopfNEW YORK (Reuters) - Investors who have pushed the U.S. stock market higher over the past month will be taking their cues about the pace of future interest-rate hikes next week from...
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Exclusive: Energy Transfer has held talks to sell Sunoco - sources
By Mike Stone(Reuters) - Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco...
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Exclusive: Apollo Global nears deal to acquire Fresh Market: sources
(Reuters) - Private equity firm Apollo Global Management LLC is nearing a deal to acquire Fresh Market Inc , a U.S. specialty grocery retailer, for more than $1.3 billion, people familiar with the...
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UK to announce sale of Bradford & Bingley assets next week: Sky News
LONDON (Reuters) - Britain's finance minister George Osborne will announce next week plans to sell 16 billion pounds ($23 billion) worth of bank assets which were rescued from Bradford & Bingley...
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A huge new discovery in economics: The zero bound *is* absolute, after all
People stopped talking about the "zero bound" several months ago, as central banks breezed through 0% to set negative interest rates far below zero. Zero wasn't a "bound" for anything, it turned...
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US banks are freaking out analysts
The economy is all about cycles.And to Matthew Mish, a credit strategist at UBS, there may be none more important than the credit cycle."We firmly believe in credit cycles: the expansion and...
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