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- Calpers CEO Exits, Following Fund's Top Investor
- OAKLAND, California (Reuters) - The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after its chief investment officer said he would step down. CEO Fred Buenrostro,...
- News items 2008-04-28
- Help Wanted: CEO for Multi-Billion Dollar Investment Company
- Last week Warren Buffett said Berkshire Hathaway is looking for applicants (preferably a young-ish person) to replace him as chief executive and chief investment officer. "The Oracle of Omaha" says the search for CEO has been narrowed down to three internal candidates, but the company is still hunting for someone...
- Blog posts 2007-03-05
- Are VCs Encroaching on Hedge Funds' Turf?
- Eric Upin, who left his post as Chief Investment Officer for Stanford University's investment group, has resurfaced at VC shop Sequoia Capital. He's not going far: moving his desk a mere four miles as the crow flies. But there are whispers that, what this job jump lacks...
- Blog posts 2008-04-17
- Ten Reasons to Like U.S. Equities: BlackRock
- LONDON (Reuters) - BlackRock, the giant U.S. investment fund with some $1.36 trillion in assets under management, reckons the banking crisis is not over and companies are delaying expansion plans and in some case cutting spending. But in a note, Bob Doll, the...
- News items 2008-04-15
- BlackRock's Bob Doll Sees End of Fed Rate Cuts
- NEW YORK (Reuters) - The Federal Reserve is likely done with its series of interest-rate cuts that began in September, as financial market conditions have improved considerably and economic growth isn't deteriorating further, said Bob Doll, global chief investment officer of...
- News items 2008-04-30
- Bank Results Soothe Investors
- By Jonathan Stempel and Joseph A. Giannone NEW YORK (Reuters) - JPMorgan Chase & Co (JPM) and Wells Fargo & Co (WFC) posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and credit crises...
- News items 2008-04-16
- JPMorgan and Wells Fargo Results Soothe Investors
- By Jonathan Stempel and Joseph A. Giannone NEW YORK (Reuters UK) - JPMorgan Chase & Co (JPM) and Wells Fargo & Co (WFC) posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and credit crises better than...
- News items 2008-04-16
- Wells Fargo Net Tops Views
- By Jonathan Stempel NEW YORK (Reuters) - Wells Fargo & Co (WFC) on Wednesday posted a quarterly profit that easily topped forecasts, as it won more mortgage customers, boosted revenue and cut costs, helping to offset a big increase in bad loans. Though...
- News items 2008-04-16
- Infosys: Lean Times Benefit Outsourcers
- If Infosys is any kind of guide, companies haven't responded to the economic slowdown by slashing away at their IT budgets but by switching to providers who can do the job for less. Infosys posted its first ever billion-dollar profit in the year that ended March 31,...
- Blog posts 2008-04-16
- Citigroup Aims to Shed $400 Billion of Assets
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge...
- News items 2008-05-09
- Citigroup Aims to Shed $400 Billion of Assets
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters UK) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after...
- News items 2008-05-09
- Morgan Stanley Raises Billions For Infrastructure
- By Aarthi Sivaraman and Mathieu Robbins NEW YORK/LONDON (Reuters) - Morgan Stanley (MS) and a fund set up by General Electric (GE) and Credit Suisse (CSGN) said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. Morgan...
- News items 2008-05-12
- U.S. Treasury: Hedge Funds Should Boost Disclosures
- By David Lawder WASHINGTON (Reuters) - Hedge fund managers should improve disclosures of hard-to-value assets and give investors public company-style performance reports to bolster market stability, two U.S. Treasury committees recommended on Tuesday. The private-sector panels, in drafting best-practices guides, said...
- News items 2008-04-15
- Apple's Brilliant Quarter: It Wasn't the iPhone
- Apple's quarterly results announced yesterday set a new record for the company, but not owing to the iPhone. Rather, the company shipped 1.76 million Mac computers, representing a 33 percent jump from a year ago and pushing Apple's share of the PC market up to three percent. Even though cumulative...
- Blog posts 2007-07-26
- Buffett Tells Flock: Lower Sights Or Sell Berkshire
- By Jonathan Stempel OMAHA, Nebraska (Reuters) - Warren Buffett told shareholders of his Berkshire Hathaway Inc (BRKa) (BRKb) not to expect the out-sized gains his insurance and investment company has historically enjoyed, but they could still sleep well owning its stock...
- News items 2008-05-04
- Fannie Mae Posts Loss, to Cut Payout
- By Lynn Adler NEW YORK (Reuters) - Fannie Mae (FNM) on Tuesday posted a massive quarterly loss, its third straight, on the protracted U.S. housing market slump, prompting it to slash its dividend and set plans to raise $6 billion of fresh funds....
- News items 2008-05-06
- Buffett Says Fed Avoided Chaos in Bear Bailout
- By Jonathan Stempel OMAHA, Nebraska (Reuters) - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos (BSC), which faced imminent bankruptcy before agreeing to be acquired by...
- News items 2008-05-03
- Buffett Backs Fed Over Bear Stearns
- By Jonathan Stempel OMAHA, Nebraska (Reuters UK) - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos (BSC), which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase &...
- News items 2008-05-03
- EnCana to Split in Two With Oil at Record Highs
- By Jeffrey Jones and Scott Haggett CALGARY, Alberta (Reuters) - EnCana Corp (ECA), Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices...
- News items 2008-05-11
- Wyeth Profit Hurt By Generics
- NEW YORK (Reuters) - Wyeth (WYE) posted slightly lower first-quarter earnings on Tuesday, hurt by the recent launch of generic forms of its Protonix ulcer drug, but surprisingly strong sales of other medicines enabled the company to beat Wall Street profit...
- News items 2008-04-22
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