Jennifer's Feed
Aug 25, 2014

Investors look for more gains as U.S. S&P 500 index hits 2,000 milestone

NEW YORK, Aug 25 (Reuters) – The U.S. S&P 500 stock
index broke through the landmark 2,000 level on Monday, marking
a six-year rally which has benefited many Americans from Wall
Street to Main Street.

During that time the unemployment rate has fallen from a
high of 10 percent in December 2009 to a low of 6.1 percent in
June of this year, but the rally is still seen as largely
benefiting wealthier Americans as paltry wage rises have left
most Americans with little to invest in retirement accounts.

Aug 25, 2014

U.S. S&P 500 stock index hits 2,000 milestone

NEW YORK, Aug 25 (Reuters) – The U.S. S&P 500 stock
index broke through the landmark 2,000 level on Monday, marking
a six year rally which has benefitted many Americans from Wall
Street to Main Street.

During that time the unemployment rate has fallen from a
high of 10 percent in December 2009 to a low of 6.1 percent in
June this year, but the rally is still seen has largely
benefiting wealthier Americans, as paltry wage rises have left
most Americans with little money to invest in retirement
accounts.

Aug 20, 2014

Pimco NYC office tackles bed bug infestation, fumigates

NEW YORK (Reuters) – The New York offices of Pimco, the massive asset manager run by Bill Gross, are being fumigated this week because of a bed bug infestation.

“Our New York office is addressing an isolated issue with insects, and as a precautionary measure the firm is fumigating certain areas of the office space,” a spokesman said on Wednesday.

Aug 19, 2014

Icahn says Family Dollar wasting over $300 mln in breakup fees

NEW YORK, Aug 19 (Reuters) – Billionaire activist investor
Carl Icahn told Reuters late Monday that efforts by Family
Dollar’s board to fend off competing bids in favor of a
deal with Dollar Tree have resulted in more than $300
million being needlessly spent on breakup fees.

Icahn has pushed Family Dollar to sell itself to Dollar
General and has been openly critical of Family Dollar
Chief Executive Howard Levine, who would have retained his
position after an acquisition by Dollar Tree.

Aug 19, 2014

Exclusive: Icahn says Family Dollar wasting over $300 million in breakup fees

NEW YORK (Reuters) – Billionaire activist investor Carl Icahn told Reuters late Monday that efforts by Family Dollar’s (FDO.N: Quote, Profile, Research, Stock Buzz) board to fend off competing bids in favor of a deal with Dollar Tree (DLTR.O: Quote, Profile, Research, Stock Buzz) have resulted in more than $300 million being needlessly spent on breakup fees.

Icahn has pushed Family Dollar to sell itself to Dollar General (DG.N: Quote, Profile, Research, Stock Buzz) and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.

Aug 18, 2014

Analysis: U.S. Treasuries set to storm on as EU yields drop, conflicts threaten

NEW YORK (Reuters) – Don’t bet against the U.S. bond market rally anytime soon.

Conflicts in Ukraine and the Middle East, and record low bond yields in Europe, have unleashed a stampede into Treasuries, knocking benchmark 10-year yields to 2.30 percent, a 14-month low at one stage on Friday. They ended the week at 2.34 percent.

Aug 17, 2014

U.S. Treasuries set to storm on as EU yields drop, conflicts threaten

NEW YORK, Aug 17 (Reuters) – Don’t bet against the U.S. bond
market rally anytime soon.

Conflicts in Ukraine and the Middle East, and record low
bond yields in Europe, have unleashed a stampede into
Treasuries, knocking benchmark 10-year yields to 2.30 percent, a
14-month low at one stage on Friday. They ended the week at 2.34
percent.

Aug 13, 2014

Exclusive – Life after Pimco: how bond manager Seidner beat his old boss Gross

NEW YORK (Reuters) – Marc Seidner, who left Pimco earlier this year just as the fixed income powerhouse was about to be roiled by internal strife, is beating his old boss Bill Gross at a game Gross used to dominate: calling the bond market.

Seidner sensed that last year’s Treasury market upheaval triggered by speculation about when the Federal Reserve would start reducing its bond-buying stimulus – the so-called “taper tantrum” – had left pockets of value in some longer-dated bonds.

Aug 13, 2014

Life after Pimco: how bond manager Seidner beat his old boss Gross

NEW YORK, Aug 13 (Reuters) – Marc Seidner, who left Pimco
earlier this year just as the fixed income powerhouse was about
to be roiled by internal strife, is beating his old boss Bill
Gross at a game Gross used to dominate: calling the bond market.

Seidner sensed that last year’s Treasury market upheaval
triggered by speculation about when the Federal Reserve would
start reducing its bond-buying stimulus – the so-called “taper
tantrum” – had left pockets of value in some longer-dated bonds.

Aug 11, 2014

Pimco Total Return cut U.S. government debt to 45 percent in July

NEW YORK (Reuters) – Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co, slightly reduced his holdings of U.S. Treasuries and government-related debt in July, and notably decreased his use of derivatives.

Gross’s Pimco Total Return Fund, with $223 billion in assets, had a still-high 45 percent of its assets in U.S. government-related holdings in July, down from 47 percent the previous month, according to Pimco’s website on Monday.