Bankruptcy court approves ResCap’s $596.5 million deal with FGIC
(Reuters) – A U.S. Bankruptcy Court approved a $596.5 million agreement on Friday between Financial Guaranty Insurance Co and bankrupt Residential Capital LLC, which settles billions of dollars of claims stemming from mortgage-backed securities.
Twitter adds banks to underwriting lineup ahead of IPO: sources
(Reuters) – Twitter has added a handful of banks to its underwriting syndicate to help sell shares during its much anticipated initial public offering.
PNC Chairman Rohr to leave BlackRock board: filing
(Reuters) – PNC Financial Services Group Inc Executive Chairman James Rohr will not be seeking re-election to the board of New York-based asset manager BlackRock next year, the company said in a regulatory filing on Friday.
Bridgewater’s All Weather Fund still under weather through August: sources
(Reuters) – A $70 billion portfolio managed by hedge fund titan Ray Dalio’s Bridgewater Associates is still struggling to overcome heavy summer losses that could lead some investors to place redemption notices in the last quarter of the year, sources f…
Miami hospital operator settles with SEC over accounting
WASHINGTON (Reuters) – The operator of Miami-Dade County’s largest hospital will settle civil charges accusing it of misleading investors about its financial condition before an $83 million bond offering, U.S. regulators said on Friday.
Icahn sells remaining stake in Hain Celestial
NEW YORK (Reuters) – Activist investor Carl Icahn sold his remaining stake in organic products company Hain Celestial Group Inc , Hain said on Thursday.
Banks to get third-quarter profit boost from dipping into reserves
(Reuters) – Top U.S. banks will get billions of dollars of extra profit this quarter from the money they set aside in tougher times to cover bad loans.
Twitter takes first step toward going public
SAN FRANCISCO/NEW YORK (Reuters) – Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last yea…
Some SAC Capital investment staff jumping to rival firm
BOSTON (Reuters) – Three investment professionals have quit Steve Cohen’s SAC Capital Advisors, currently fighting criminal insider trading charges, to join a rival hedge fund, two people familiar with the moves said on Friday.
Vornado’s chairman, Roth, resigns from J.C. Penney board
NEW YORK (Reuters) – Vornado Realty Trust Chairman and Chief Executive Steven Roth resigned on Friday from the board of department store chain J.C. Penney Co Inc , the company said in a regulatory filing.
