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G20 watchdog orders LIBOR alternatives by 2016 in benchmark reform
By Reuters
07/22/2014 2:37:18 PM ET

LONDON (Reuters)—Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and UBS have paid a total of around $6 billion to date to settle U.
Herbalife shares rally during Ackman presentation
By Reuters
07/22/2014 1:28:04 PM ET

NEW YORK (Reuters)—Billionaire investor William Ackman hurled fresh accusations against nutrition company Herbalife Ltd. on Tuesday [July 22], claiming its recruiting methods violate U.
Hedge fund exit requests drop to six-month low in July
By Reuters
07/21/2014 5:47:05 PM ET

LONDON (Reuters)—Investor demand to pull money out from hedge funds dropped to a six-month low in July, following portfolio adjustments during the previous month, data released on Monday [July 21] showed. The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, fell to 3.
Allergan to cut 13 percent of jobs in fight against Valeant
By Reuters
07/21/2014 5:34:40 PM ET

LAVAL, Quebec (Reuters)—Allergan Inc., which is fighting a hostile bid from Valeant Pharmaceuticals International Inc., said on Monday [July 21] it would cut 13 percent of its workforce as part of a restructuring meant to boost profits over the next six years.
Elliott Management pushes EMC to split off VMware: report
By Reuters
07/21/2014 4:36:40 PM ET

HOPKINTON, Mass. (Reuters)—Activist investor Elliott Management Corp. has taken a $1 billion stake in EMC Corp. and plans to push it to spin off virtualization software unit VMware Inc.
Trading firms raised early concerns about Barclays' dark pool: report
By Reuters
07/21/2014 3:38:01 PM ET

NEW YORK (Reuters)—Trading firms and employees raised concerns about high-speed traders at Barclays Plc's "dark pool" months before the United States accused the bank of favoring its high-frequency trading clients, The Wall Street Journal reported, citing people familiar with the firms. New York Attorney General Eric Schneiderman filed a lawsuit last month, accusing the Barclays dark pool of giving high-frequency traders an unfair advantage, even though the bank had promised investors they would be protected from "predatory" and "toxic" traders.
Juniper Networks shares could climb 30 percent: report
By Reuters
07/21/2014 3:19:09 PM ET

NEW YORK (Reuters)—Shares in network equipment maker Juniper Networks Inc. could rise 30 percent or more due to lower valuation relative to its peers and improving prospects, Barron's magazine reported over the weekend.
Holdout says Argentina bent on default as debt deadline looms
By Reuters
07/18/2014 5:11:55 PM ET

BUENOS AIRES/NEW YORK (Reuters)—A lead holdout investor in Argentina's debt row said on Friday [July 18] the South American country seemed determined to default, after market gossip of a possible breakthrough sent Argentine bonds higher. NML Capital Ltd.
Stanford's Ponzi victims cannot file compensation claims: U.S. court
By Reuters
07/18/2014 5:02:01 PM ET

WASHINGTON (Reuters)—A U.S. appeals court dealt a blow to the victims of financier Allen Stanford's Ponzi scheme on Friday [July 18], ruling that they were not eligible under federal law to file claims seeking compensation for their losses.
Pension adviser seeks SEC probe on Walgreen's offshore move meetings: report
By Reuters
07/18/2014 2:53:24 PM ET

WASHINGTON (Reuters)—U.S. pension adviser CTW Investment Group has asked the Securities and Exchange Commission to investigate private meetings that executives of Walgreen Co.
Two proxy firms give boost to activist slate at miner Cliffs
By Reuters
07/17/2014 6:20:20 PM ET

NEW YORK (Reuters)—Casablanca Capital LP said two independent proxy advisory firms have recommended shareholders of Cliffs Natural Resources Inc. vote in favor of the hedge fund's bid to replace some of the members of the miner's board of directors.
Ackman: Allergan rules on shareholder meetings onerous
By Reuters
07/17/2014 6:10:23 PM ET

LAVAL, Quebec (Reuters)—Allergan Inc., trying to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc., has thrown up obstacles to a special shareholders meeting, its biggest investor said on Thursday [July 17].
Standard General plans American Apparel future without ex-CEO Charney
By Reuters
07/17/2014 5:36:20 PM ET

NEW YORK (Reuters)—Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that have potential even though they may be bogged down by debt and are undergoing an event such as bankruptcy.
Icahn and Ackman, foes on Herbalife, make up at conference
By Reuters
07/17/2014 5:08:02 PM ET

NEW YORK (Reuters)—Carl Icahn and William Ackman are friends again. The billionaire investors, who have been at odds over nutrition and diet company Herbalife, made up in public on Wednesday [July 16], ending a decade long feud that exploded on cable television 18 months ago.
U.S. judge to hear latest motions in Argentina debt case July 22
By Reuters
07/17/2014 12:55:14 PM ET

NEW YORK (Reuters)—A U.S. judge said in New York on Wednesday [July 16] that he would hear arguments next Tuesday [July 22] related to the banks and payment agents caught up in Argentina's sovereign debt case as a potential default looms at the end of the month.
Hedge fund manager Paulson calls Valeant a 'serious acquirer'
By Reuters
07/17/2014 12:38:13 PM ET

NEW YORK (Reuters)—Billionaire investor John Paulson on Wednesday [July 16] called Valeant Pharmaceuticals International Inc. a "very serious acquirer" and predicted that Allergan Inc.
Ackman urges Allergan talks with Valeant, no delay to special meeting
By Reuters
07/16/2014 12:07:44 PM ET

LAVAL, Quebec Reuters)—Activist investor William Ackman urged Botox maker Allergan Inc. to negotiate a possible takeover by Valeant Pharmaceuticals Inc.
Holdout investors to Argentina: 'time is running out' for deal
By Reuters
07/16/2014 11:58:29 AM ET

BUENOS AIRES (Reuters)—Argentina is running out of time to broker a deal with "holdout" bondholder investors and stave off another painful debt default, lobbyists acting for the New York hedge funds suing the country said in a media ad on Wednesday [July 16]. Latin America's No.
Madoff sons took millions for real estate, trustee alleges
By Reuters
07/15/2014 5:58:59 PM ET

NEW YORK (Reuters)—Bernard Madoff's sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father's firm, a court-appointed trustee said on Tuesday [July 15]. In an amended lawsuit against Andrew Madoff and the estate of Mark Madoff, Irving Picard, who is liquidating Bernard L.
U.S. Senator Levin urges SEC to tackle trading conflicts of interest
By Reuters
07/15/2014 5:34:29 PM ET

WASHINGTON (Reuters)—The U.S. stock market regulator should eliminate two pricing models that can create conflicts of interests for brokers, the head of a powerful Senate panel wrote in a letter released on Tuesday [July 15].

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