Connect to share and comment

Foreigners buy fewest U.S. 10-year bonds in a year

NEW YORK (Reuters) - Foreigners bought the lowest amount of U.S. 10-year Treasuries notes at auction in a year, according to Treasury Department data released on Wednesday. Overseas investors purchased $2.659 billion or 12.7 percent of the $21 billion of the benchmark 10-year notes the Treasury offered on April 9, the data showed. The amount was below the $4.227 billion they bought in March and the lowest since the $1.670 billion they bought a year ago.

Investor Warren Buffett says stock market prices are currently at a reasonable range

OMAHA, Neb. - Investor Warren Buffett says most stocks are trading at reasonable prices even though the market has soared this year. Buffett said on CNBC Wednesday that thinks stocks are generally selling in a reasonable price range. Even though stocks prices are up, Buffett says that doesn't automatically mean they are overpriced. Buffett is chairman and chief executive of the Berkshire Hathaway conglomerate. He is known for his ability to identify stocks and businesses selling for less than they are worth.

TSX down: miners fall on weak data, rails drop as Feds phase out unsafe tank cars

TORONTO - The Toronto stock market closed lower Wednesday amid positive earnings news and signs of weakening Chinese growth. The S New York indexes were also in the red as other data showed sales of new homes in the United States declined 14.5 per cent last month to a seasonally adjusted annual rate of 384,000. That was the second straight monthly decline and the lowest rate since July 2013. The Dow Jones industrials was off 12.72 points at 16,501.65, the Nasdaq declined 34.49 points to 4,126.97 while the S

Settlement time for U.S. trades closer to being shortened

By John McCrank NEW YORK (Reuters) - The Depository Trust & Clearing Corporation, which processes all U.S. stock and fixed income trades, said on Wednesday it supports shortening the settlement cycle for U.S. equities, corporate and municipal bonds, and unit investment trust trades.

Activist investors see Ackman-Valeant deal as a model to follow

By Svea Herbst-Bayliss NEW YORK (Reuters) - William Ackman's $47 billion joint bid with Valeant Pharmaceuticals International Inc to buy Botox maker Allergan Inc may become a model for future deals, rival fund managers said. The unsolicited bid, the plans for which were revealed late on Monday, was unusual for a so-called activist investor such as Ackman. Usually, large acquisitions are the realm of private equity investors and corporations, not activist shareholders.

Goldman buys Westpeak in drive for 'smart beta' assets

By Lauren Tara LaCapra NEW YORK (Reuters) - Goldman Sachs Group Inc's <GS.N> asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments.

Exclusive: CIBC, buyout firms circle Russell Investments - sources

By Greg Roumeliotis, Mike Stone and Euan Rocha NEW YORK/TORONTO (Reuters) - Canadian Imperial Bank of Commerce <CM.TO> (CIBC), the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, according to several people familiar with the matter.

ValueAct's Ubben says firm will not seek new term on Valeant board

By Nadia Damouni NEW YORK (Reuters) - Hedge fund manager Jeffrey Ubben, whose firm ValueAct sits on the board of Valeant Pharmaceuticals, said on Tuesday that the hedge fund will not seek reelection on the board in order to devote its time on Microsoft Corp's board. Ubben, ValueAct's chief investment officer and chief executive officer, said that he thinks the proposed tie up between Valeant and Allergan, which is being pushed by fellow activist hedge fund manager William Ackman, is the right thing for both companies.

Bettors on big swings in Netflix stock run for the exits

By David Gaffen NEW YORK (Reuters) - Options investors expecting a big move in Netflix shares after the video streaming service posted earnings didn't get what they wanted, and they're fleeing en masse on Tuesday.

United Tech posts profit ahead of Street, more bullish on 2014

(Reuters) - United Technologies Corp <UTX.N> reported a lower quarterly net profit on Tuesday, weighed down by restructuring costs, but the diversified manufacturer's profit and revenue topped Wall Street's forecast. United Tech, a large manufacturer of elevators, jet engines and climate control systems, also lifted the low end of its 2014 earnings forecast. First-quarter net income fell 4 percent to $1.21 billion, or $1.32 per share, from a year earlier, when the company received some one-time benefits.
Syndicate content