Italian Yields Jump as Papandreou Fights to Skirt Default
Sept. 12 (Bloomberg) -- Italian bond yields surged at an auction today and Greek Prime Minister George Papandreou failed to reassure investors that his country can avert default as the euro region’s…
Girding for Post-Buffett Era, Berkshire Adds Fresh Investment Manager
NEW YORK—Warren Buffett plucked a second little-known hedge-fund manager from obscurity to handle a portion of Berkshire Hathaway Inc.'s investment portfolio. The selection of Ted Weschler, managing…
Stock Market’s Sharp Swings Grow More Frequent - NYTimes.com
Market Swings Are Becoming New Standard By LOUISE STORY and GRAHAM BOWLEY Published: September 11, 2011 The stock market just can’t seem to make up its mind. Enlarge This Image Paul Taggart/Bloomberg…
Market turmoil lands hedge funds with big losses - FT.com
Market turmoil lands hedge funds with big losses By Sam Jones Not for the first time, the hedge fund industry has failed to live up to its name. In a month that has seen equity markets around the…
Correlation of US stocks highest since 1987 crash - FT.com
Correlation of US stocks highest since 1987 crash By Telis Demos in New York The correlation between the movement of big US stocks is at the highest level since Black Monday in 1987, with price moves…
Gross Says Obama’s $300 Billion Plan Not Enough
Sept. 8 (Bloomberg) -- Bill Gross, founder of Pacific Investment Management Co., said President Barack Obama’s plan to stimulate the economy with more than $300 billion in tax cuts and spending is…
U.S. Stocks Fall as Bernanke Fails to Offer New Plans for Growth
Sept. 8 (Bloomberg) -- U.S. stocks fell, after the biggest gain in two weeks for benchmark gauges, as Federal Reserve Chairman Ben S. Bernanke failed to offer any specific new plans to bolster growth…
Geithner on Global Growth
Tim Geithner says Global action needed boost growth US Treasury Secretary Timothy Geithner Thursday called on the Global finance chiefs to boost growth but said a repeat of the massive co-ordinated…
US exports rise signalling firmer growth
US exports rise signalling firmer growth The US economy is sluggish, but it is still moving along. That was the message from 2 economic reports that pointed to a weak labor market, but also a better…