Funds' love of Apple pays, but many managers lag
Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
S&P 500 on track to end at four-year high
The S&P 500 was little changed on Friday but on track to finish at four-year highs after upbeat reports on housing and consumer sentiment.
Fed says policy appropriate, few hints of new stimulus
Top Federal Reserve officials said on Friday the U.S. central bank's ultra-easy monetary policy is appropriate for a sluggish economy but one policymaker said further easing would only be warranted if conditions worsen.
Battle lines forming between MF Global customers, hedge funds
The MF Global saga could soon become a legal battle between hedge funds and the futures brokerage's shortchanged customers, with more than a billion dollars at stake.
Telcos squeezed as consumers go mad for mobile Web
Consumers' increasing love of using services like Facebook and YouTube on their smartphones is leaving many telecoms carriers sidelined while bearing the costs of ever-growing demands on their networks.
Bankers Urge G20 Growth Strategy
International bankers called on Group of 20 finance leaders on Friday to step up their efforts to promote economic growth, warning that spillover risks from the euro zone remain.
SEC charges former and current Noble executives on bribes
Securities regulators on Friday charged three current and former executives for oil services company Noble Corp with participating in a bribery scheme to obtain permits for oil rigs in Nigeria.
Evercore's Mestre steps down as U.S. banking head
Eduardo Mestre has stepped down as day-to-day head of Evercore Partners Inc's U.S. investment banking business, the New York-based company said in a regulatory filing.
Clearwire falls after Google says to sell stake
Shares in Clearwire Corp fell 6 percent on Friday after an analyst said a decision by Google Inc to sell its Clearwire stake at a discount could be followed by other investors ditching their shares in the wireless service provider.
Wall St rises slightly, 4-year high eyed
U.S. stocks edged up on Friday after reports on consumer sentiment and housing, but the data gave investors little reason to push past a resistance point at four-year highs.
Structural reforms needed even in recovery: OECD
The recent financial crisis and sluggish recovery around the globe have rightly helped spur governments to take on structural reforms such as in the labor, retirement and tax sectors to the benefit of many nations, the OECD said on Friday.
Clearwire shares fall on Google stake sale
Clearwire Corp shares fell 6 percent on Friday after Google Inc said it would sell its stake in the company.
Insight: Business spending raises U.S. bank hopes
Two-and-a-half years after the official end of the recession, businesses are starting to invest cash again, prompting bankers to hope they might start borrowing, too.
Consumer sentiment edges up to year high
Consumer sentiment improved a tad in February to rack up a year high as Americans became more confident about the economy's resilience, a survey released on Friday showed.
Housing, confidence data bolster growth outlook
New U.S. home sales fell in January but upward revisions to the prior months' data and a drop in the supply of properties on the market added to signs of a budding housing recovery.
Apple halts push email services in Germany
Apple Inc has been forced to de-activate push notification features for mobile users of its iCloud and MobileMe services in Germany, after an injunction was issued in favor of rival Motorola Mobility Holdings Inc.
Penney's February sales down
J.C. Penney Co Inc's February sales are down from last year, its chief executive said on Friday, as the retailer tries to get shoppers used to a new pricing strategy that does not include the discounts that hurt margins.
Penney's February sales down
J.C. Penney Co Inc's February sales are down from last year, its chief executive said on Friday, as the retailer tries to get shoppers used to a new pricing strategy that does not include the discounts that hurt margins.
Clearwire shares fall after Google says to sell stake
Shares in Clearwire Corp fell 6 percent on Friday after an analyst said a decision by Google Inc to sell its Clearwire stake at a discount could be followed by other investors ditching their shares in the wireless service provider.
France, Belgium back combining Europe's rescue funds: source
France has Belgium's support for combining Europe's rescue funds in the face of German opposition, a source close to the French presidency said on Friday.
Netflix: no plan to support BlackBerry, PlayBook
Online and mail-order video company Netflix has no plans to bring its streaming service to Research In Motion's PlayBook tablet.
Showing rising confidence, U.S. funds ready to invest in Europe
U.S. fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning confidence in the euro zone.
Wall St flat, rally may be vulnerable
Stocks were little changed on Friday, hovering around highs not seen since June 2008, while energy shares gained alongside crude oil prices.
Single-family home sales dip
New single-family home sales fell in January, but an upward revision to the prior months' data and a drop in the supply of properties on the market added to growing signs of a budding recovery in the housing sector.
Portugal eyes exports as route back to growth
Portugal is pinning hopes of repairing its fragile economy on an export revival, Prime Minister Pedro Passos Coelho said on Friday, as the country's recession deepens and it battles to hit tough austerity targets.
Blackstone hires Morgan Stanley executive for China: sources
Blackstone Group has hired Ed Huang from Morgan Stanley's Asia private equity unit as a managing director for China, two sources familiar with the matter told Reuters, as the private equity giant builds up its teams in Asia.
Lofty oil new headache for debt-ridden Europe
LONDON - No sooner are Europe's debt anxieties easing a touch than a sharp rise in oil prices threatens to impede the economy's tentative recovery from the euro's near-death experience with Greece.
Stock futures point to modest gains at open
Stock index futures pointed to a slightly higher open on Friday and looked to extend gains that have taken equities to highs not seen since before the 2008 collapse of Lehman Brothers.
Futures point to modest gains at open
Stock index futures pointed to a slightly higher open on Friday and looked to extend gains that have taken equities to highs not seen since before the 2008 collapse of Lehman Brothers.
QE3 only needed if economy deteriorates: Fed's Bullard
The Federal Reserve should only embark on a third round of large-scale bond purchases if the U.S. economy deteriorates and inflation drops, and we are not there yet, a top Fed official said on Friday.
