Baupost hedge fund plans to return some money: sources
BOSTON (Reuters) – Seth Klarman’s $28 billion Baupost Group, one of the world’s biggest hedge funds, plans to return some money to clients at year’s end, two people familiar with the Boston-based firm’s plans said.
U.S. consumer confidence slips in September
NEW YORK (Reuters) – U.S. consumer confidence slid in September as consumers’ outlook for the future slipped, according to a private sector report released on Tuesday.
Debt limit row, government shutdown unlikely to hit U.S. rating: Moody’s
NEW YORK (Reuters) – An impasse over the U.S. government’s debt ceiling would be worse for financial markets than a government shutdown, but neither is likely to hurt the U.S. sovereign credit rating, Moody’s Investors Service said on Tuesday.
Apple updates iMac with Intel processors
(Reuters) – Apple Inc said it updated the iMac with fourth generation Intel Corp processors, better graphics, next generation Wi-Fi and faster flash storage options.
Diamond Offshore CEO Lawrence Dickerson to retire
(Reuters) – Diamond Offshore Drilling Inc said Chief Executive Lawrence Dickerson would retire once a successor is found, expected by March 31.
Sears Canada CEO resigns as company works on turnaround
(Reuters) – Sears Canada Inc’s Chief Executive Calvin McDonald has resigned just as the department store chain restructures amid intensifying competition from U.S. retailers such as Target Corp and Wal-Mart Stores Inc .
Tesco still showing market share loss: Kantar
LONDON (Reuters) – Grocer Tesco , which is almost 1-1/2 years into a 1 billion pound ($1.60 billion) recovery plan, is still showing a year-on-year market share loss, monthly industry data showed on Tuesday.
Fed’s Dudley ‘wouldn’t rule out’ QE cut this year: CNBC
(Reuters) – An influential Federal Reserve policymaker said he “certainly wouldn’t want to rule out” a reduction in the U.S. central bank’s bond-buying program later this year, adding the Fed now expects slower economic growth than it did in June.
Airbus hikes 20-year plane demand forecast
LONDON (Reuters) – Airbus raised its long-term jet demand forecast on Tuesday, saying the world would need to double its fleet as cities expand and Asia’s increasingly affluent middle class takes to the skies.
Exclusive: Gulfport Energy ex-chairman received millions in free equity
(Reuters) – Gulfport Energy Corp , a publicly-traded oil and gas company based in Oklahoma City, allowed its former chairman to receive millions of dollars in equity interests at no cost in more than a dozen firms that have done business with Gulfport….
