Bloomberg takes over management of DJ-UBS commodities index: FT
(This Arpil 9 story is corrected to add “certain” in the first paragraph to make clear UBS is not moving away from overall index business)
UniCredit bosses get no bonus for fourth year in a row
MILAN (Reuters) – UniCredit , which reported record losses last year, will not pay bonuses to senior management for 2013, the fourth year in a row they will not receive one.
Producer inflation accelerates in March
WASHINGTON (Reuters) – U.S. producer prices recorded their largest increase in nine months in March, but that jump will probably not ignite inflation pressures as economic growth remains moderate.
El-Erian can’t respond to Pimco’s Gross due to terms of departure: sources
(Reuters) – Mohamed El-Erian, former CEO of Pimco, has been unwilling to respond to criticism from the bond investment firm’s chief investment officer Bill Gross because of a strict non-disclosure agreement he made with Pimco, according to two sources …
Wells ignited first-quarter brokerage profit with managed account sales
NEW YORK (Reuters) – Strong sales of fee-based managed investment accounts by Wells Fargo & Co. brokers fueled a 41 percent jump in net income in the bank’s “Wealth, Brokerage and Retirement” unit during the first quarter.
Blackstone’s Gates buyout one of 2014’s largest for U.S. M&A
NEW YORK (Reuters) – Private equity firm Blackstone is set to launch a $4.2 billion financing to back its $5.4 billion acquisition of auto parts maker Gates Global. The deal is the second-largest U.S. leveraged buyout financing of the year, according t…
Consumer sentiment hits nine-month high in April
NEW YORK (Reuters) – U.S. consumer sentiment rose in April to its highest in nine months as both current conditions and expectations brightened, a survey released on Friday showed.
U.S. regulators close Ford F-150 probe without request for recall
DETROIT (Reuters) – U.S. safety regulators said on Friday they have closed an investigation into complaints of reduced power in Ford F-150 pickup trucks, stopping short of requesting a recall.
Ex-JP Morgan executive wins right to challenge UK financial watchdog
LONDON (Reuters) – A former JPMorgan Chase & Co executive has won the right to challenge criticisms by Britain’s financial watchdog of his actions in connection with the “London Whale” derivatives trading scandal.
Barclays settles second Libor-linked UK court case
LONDON (Reuters) – Barclays has settled its second lawsuit in a week that alleged the British bank had mis-sold products that were tied to Libor benchmark interest rates.
