Janus Produces 'Instant Messages' in Trading Probe
06/01/2011 5:28:59 PM ET
BOSTON (Reuters)—Asset manager Janus Capital Group Inc. has provided U.S. prosecutors with communications between some of its employees and a so-called expert network firm in an ongoing federal insider trading probe, a recent court filing shows.
Jury Chosen in Jiau's Insider Trading Trial
06/01/2011 5:12:02 PM ET
NEW YORK (Reuters)—A jury was chosen on Wednesday [June 1] for the trial of Winifred Jiau, a technology consultant embroiled in an insider trading probe tied to so-called "expert networks" that provide industry advice to hedge funds. Manhattan federal prosecutors say that Ms.
U.S. Prosecutors Say Traders Put up 'Smokescreen'
06/01/2011 5:08:49 PM ET
EDITOR'S NOTE: This story has been updated with closing arguments. NEW YORK (Reuters)—Three traders concocted a "smokescreen" to cover their tracks after conspiring to trade on leaked tips about pending mergers, U.
Two Better Than One at Marathon Oil
06/01/2011 3:56:33 PM ET
HOUSTON (Reuters)—Marathon Oil Corp. Chief Executive Clarence Cazalot's second attempt to spin off his refining business has attracted some top hedge funds eager for a two-fer of their own.
Amundi to Cut Fees on Hedge Fund-Style Portfolios
06/01/2011 3:42:23 PM ET
LONDON (Reuters)—Amundi Asset Management plans to cut fees on its hedge-fund-style portfolios, in a rare sign that investors may be able to flex their muscles on charges in the wake of the credit crisis. The France-based firm, which manages €14 billion ($20.
Promise, Drama in Yahoo's Asian Assets
06/01/2011 2:07:57 PM ET
SAN FRANCISCO (Reuters)—Yahoo CEO Carol Bartz is known as a strong-willed and straight-talking leader, but some top money managers are betting she can mend fences and compromise with crucial partners in China. Shares of Yahoo Inc.
Myners: Investors Must Focus on Board Composition
06/01/2011 1:30:40 PM ET
LONDON (Reuters)—Shareholders who put pressure on a company to improve its performance should focus on picking the right directors before they target boardroom pay, said former British financial services minister Paul Myners. Mr.
LightSquared Near $2 Billion a Year Sprint Deal: Sources
06/01/2011 1:22:09 PM ET
NEW YORK (Reuters)—Sprint Nextel Corp. is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Philip Falcone's LightSquared telecommunications venture, sources familiar with the matter said on Wednesday [June 1].
