Analysis: Top fund managers were blindsided by U.S. bond market carnage
(Reuters) – The plunge in the U.S. Treasuries market in the past couple of months may well have been one of the most well-telegraphed reversals in financial market history.
In Tourre case, the defense’s jury consultant rests
NEW YORK (Reuters) – The nine jurors who will decide the fate of former Goldman Sachs Group Inc trader Fabrice Tourre include a former stockbroker, a recent medical school graduate and a technical director of animated movies.
U.S. driver safety group sues Ford over touch-screen systems
(Reuters) – Ford Motor Co has been hit with a proposed class action claiming it neglected to fix defects in vehicle touch-screen control systems that create safety hazards for drivers.
Yahoo trims 2013 sales outlook as CEO Mayer’s effort falters
SAN FRANCISCO (Reuters) – Yahoo Inc trimmed its outlook for 2013 revenue after revealing a sharp 12 percent slide in ad prices in the second quarter, signs that CEO Marissa Mayer’s attempts to revive the struggling Internet giant may not produce quick …
G20 to seek reassurance from U.S. Fed and China
MOSCOW (Reuters) – G20 summits do not always set the pulse racing, but this week’s gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.
Dell founder stands firm on buyout offer as vote delay mulled
(Reuters) – Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world’s No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday.
Dell founder stands firm on buyout offer as vote delay mulled
(Reuters) – Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world’s No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday.
Saab’s liquidation plan earns court approval
(Reuters) – The bankrupt U.S. arm of Swedish automaker Saab Automobile AB has gained court approval of a plan to liquidate and pay back creditors, effectively ending its bankruptcy.
Canada shows understanding of Fed tapering plans, ahead of G20
OTTAWA (Reuters) – A G20 meeting in Moscow this weekend is likely to discuss the U.S. Federal Reserve’s plans to taper its aggressive buying of bonds, a senior Canadian finance official said on Tuesday, but he declined to endorse emerging-market critic…
Morgan Stanley must face part of MetLife MBS fraud case
(Reuters) – Morgan Stanley was ordered by a New York state judge to face part of a lawsuit in which life insurer MetLife Inc accused it of fraudulently selling $758 million of residential mortgage-backed securities that it knew were defective.
