Apple shares are one reason hedge funds lag mutual funds in 2016
NEW YORK (Reuters) – Hedge funds may have taken too big a bite of Apple Inc .
More frequent attacks on Western countries lifts demand for specialist insurance
LONDON (Reuters) – Rising risks in developed countries after a string of deadly attacks are driving up demand for specialist insurance to cover losses stemming from such events, putting upward pressure on premiums, underwriters and brokers say.
Volkswagen, Porsche recall about 800,000 SUVs to check pedals
FRANKFURT (Reuters) – Volkswagen and its Porsche unit on Thursday said they were recalling more than 800,000 VW Touareg and Porsche Cayenne sports utility vehicles as a precautionary measure, to fix a potentially faulty component on the pedal mechanism…
U.S. judge sets April 21 deadline for VW diesel fix
SAN FRANCISCO (Reuters) – A federal judge on Thursday gave Volkswagen AG and U.S. regulators until April 21 to agree on a fix for the nearly 600,000 diesel vehicles on U.S. roadways caught up in VW’s massive emissions cheating scandal.
U.S. manufacturing still weak; labor market flexes muscle
WASHINGTON (Reuters) – New orders for long-lasting U.S. manufactured goods fell in February as the sector continued to struggle with the lingering effects of a robust dollar and lower oil prices.
Court bars Tribune Co creditors from unwinding 2007 buyout
WILMINGTON, Del (Reuters) – A U.S. Appeals Court has ruled that creditors of the Tribune Co cannot claw back the $8 billion paid to the multimedia company’s public shareholders nearly a decade ago in a buyout that was blamed for its bankruptcy.
Brazil graft crackdown spurs work for lawyers, corporate change
SAO PAULO (Reuters) – In the midst of Brazil’s worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics.
U.S. supports Argentina in appeal over debt injunctions
NEW YORK (Reuters) – The U.S. government is asking a federal appeals court to uphold the lifting of injunctions that have restricted Argentina from paying off some of its debts given the country’s efforts to settle litigation over bonds in default sinc…
Basel further reins in banks’ use of capital models
LONDON (Reuters) – The world’s largest banks will have less discretion over how much capital to hold against loans turning sour, global regulators proposed on Thursday.
Fearing crash, bond fund Pimco warns off ‘helicopter money’
LONDON (Reuters) – One of the world’s biggest bond fund managers has urged central banks not to dole out free cash to citizens saying it could lead to hyperinflation, a debt market sell-off and even a banking crash.
