Business News

Mon, February 06, 2012

Stock gains turn hedge fund losers into winners

By Svea Herbst-Bayliss

BOSTON (Reuters) - Last year's hedge fund losers may be turning into winners again.

Several of the largest hedge funds that ...

Mon, February 06, 2012

Exclusive: Facebook governance a concern for Calif pension fund

By Paritosh Bansal and Soyoung Kim

NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking ...

Mon, February 06, 2012

MGM gets $500 mln loan to expand film, TV slate

LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged ...

Mon, February 06, 2012

Mortgage deal faces setbacks, again

By Aruna Viswanatha and Karen Freifeld

(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back ...

Mon, February 06, 2012

SEC's Gallagher wants more oversight of brokers

By Sarah N. Lynch

WASHINGTON (Reuters) - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to ...

Mon, February 06, 2012

Ford won't bid to replace military Humvees

WASHINGTON (Reuters) - Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S ...

Mon, February 06, 2012

UBS loses case to recoup bonus from ex-broker

By Suzanne Barlyn

(Reuters) - A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining ...

Mon, February 06, 2012

BofA investor lawsuit wins class-action status

By Jonathan Stempel

(Reuters) - Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about ...

Mon, February 06, 2012

Housing plan helps nearly 1 million homeowners

WASHINGTON (Reuters) - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program ...

Mon, February 06, 2012

Yum profit up as China keeps growing

By Lisa Baertlein

(Reuters) - KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit ...