Carlyle commodity fund Vermillion’s assets halved to below $1 billion
NEW YORK (Reuters) – U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.
Star witness against ex-Madoff aides a liar, lawyers tell jury
NEW YORK (Reuters) – The government’s star witness in the criminal trial of five former Bernard Madoff employees is a lifelong liar whose capacity for falsehood rivaled only that of Madoff himself, lawyers for two defendants told a federal jury on Thur…
China’s ‘land kings’ under threat as tightening takes a toll
HONG KONG (Reuters) – The days of Chinese developers snatching up premium properties with record-breaking offers are coming to an end as cooling measures bite and sale prices are squeezed, ending the reign of a handful of “land kings” in the world’s se…
U.S. retailers say business picked up later in February
(Reuters) – Sales at many major U.S. retailers rose in February, as shoppers ventured out later in the month after a dismal start when ice, cold and snow kept many of them at home.
S&P 500 ends at record on jobless data; payrolls eyed
NEW YORK (Reuters) – U.S. stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank’s move to keep rates unchanged.
Ford CEO Mulally gets $13.8 million in stock for 2013 performance
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses worth $13.8 million for 2013, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
Fed officials see high hurdle for changing course on QE taper
WASHINGTON/NEW YORK/LONDON (Reuters) – The U.S. economic outlook would have to change dramatically for the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program, three top U.S. central bankers said on Thursday.
Disney overhauls troubled interactive unit, lays off 700
LOS ANGELES/SAN FRANCISCO (Reuters) – Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing m…
Airbus orders more A380 inspections after wing fatigue test
BERLIN (Reuters) – Airbus has ordered increased inspections of A380 wings after discovering unexpected levels of metal fatigue during testing on a factory mock-up, industry sources said on Thursday.
Icahn says fight for PayPal spinoff just getting started
(Reuters) – Activist investor Carl Icahn told eBay Inc shareholders in a letter on Thursday he has “not yet begun to fight” to get the e-commerce company to spin off its PayPal payments unit.
