INVESTMENT

Duquesne alumni reveal holdings at Point State

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Point State Capital, one of last year's most celebrated new hedge funds, for the first time has revealed what it owns, showing a taste for some industry favorites like Apple and some recent winners like drug company Gilead .
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Nikkei Slips; Insurers Underperform

Japan's Nikkei share average slipped on Tuesday but still hovered near the 9,000 level, with non-life insurers underperforming after MS&AD Insurance Group Holdings (8725.T) cut guidance on heavy losses on the flooding in Thailand.
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Top Goldman Sachs Dealmaker to Retire

Goldman Sachs Group said on Monday that George Mattson, a co-head of the firm's global industrials group, will retire after an 18-year career at the investment bank.
The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York

Biggest Winner of MF Global Accounts Expands More

Independent Chicago broker R.J. O'Brien, which got more former accounts from bankrupt rival MF Global than any other merchant, built on that success in December, while other brokers lost some of that extra business, data showed on Monday.
Gold

Indian Gold Traders Stay on Sidelines

Gold traders in India, the world's biggest buyer, stayed on the sidelines as a rebound in the rupee raised hopes of prices dropping further after the yellow metal extended losses for the third day in a row, analysts said.
No. 2 Empire State Building, New York City

Empire State Building Owner Files for IPO

The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.
Olympus Corp President Shuichi Takayama bows after speaking at a news conference in Tokyo February 13, 2012. Japan's scandal-hit Olympus Corp on Monday forecast a $410 million full-year net loss due to its ailing camera business and tax asset writedo

Olympus Expects Net Loss, but Core Business Seen Unscathed

Scandal-hit Olympus Corp on Monday forecast a $410 million full-year loss due largely to its ailing camera operations, but strength in its endoscope business suggested its core division would emerge from the debacle unscathed and its president said it might try to go it alone without seeking outside capital.
Gold coins

Barrick Gold to Sell Stake in Russia's Highland Gold

Canada's Barrick Gold, the world's largest gold producer, plans to sell its 20 percent stake in Russia's Highland Gold, pulling out of one of the world's most promising - but also toughest - gold frontiers.
The Empire State Building is seen in New York

Empire State Building Owner Files for $1 Billion IPO

Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.
State Bank of India

SBI Q3 Beats Forecast, but Bad Loans Rise

The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.
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China's CIC brushes aside Merkel investment plea

The head of China's $410 billion sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were difficult for long-term investors.
Turkmenistan's President Kurbanguly Berdymukhamedov in Moscow in this March 24, 2009 file photo.

Turkmenistan Leader Appears Likely to Win Easy Re-election

Turkmenistan votes on Sunday in a one-sided election certain to extend the rule of President Kurbanguly Berdymukhamedov over a Central Asian country holding 4 percent of global natural-gas reserves, which rights groups rank among the world's most repressive.

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