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Oct 28, 2014

Friend of accused Boston bomber found guilty of lying to authorities

BOSTON (Reuters) – A U.S. jury on Tuesday found a college friend of the accused Boston Marathon bomber guilty of lying to authorities in a terrorism investigation.

Robel Phillipos, 21, was charged with lying about having visited suspected bomber Dzhokhar Tsarnaev’s dorm room three days after the 2013 attack that killed three people and injured more than 260.

Oct 28, 2014

Friend of accused Boston Marathon bomber found guilty of lying to authorities

BOSTON (Reuters) – A U.S. jury on Tuesday found a college friend of the accused Boston Marathon bomber guilty of lying to authorities in a terrorism investigation.

Robel Phillipos, 21, was charged with lying about having visited suspected bomber Dzhokhar Tsarnaev’s dorm room three days after the 2013 attack that killed three people and injured more than 260.

Oct 24, 2014

Wall St. finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research, Stock Buzz) once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.

Oct 24, 2014

Analysis – Wall Street finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.   

Oct 23, 2014

Fund star Gross arrives too late to halt third-quarter Janus outflows

BOSTON (Reuters) – Janus Capital Group Inc said on Thursday that third-quarter profit rose 25 percent but the mutual fund company posted more outflows of investor cash as the arrival of star bond manager Bill Gross came too late to reverse the trend.

Quarterly profit rose, matching Wall Street estimates. The stock was up more than 1 percent in premarket trade.

Oct 23, 2014

Fund star Gross arrives too late to halt 3rd-qtr Janus outflows

BOSTON, Oct 23 (Reuters) – Janus Capital Group Inc
said on Thursday that third-quarter profit rose 25 percent but
the mutual fund company posted more outflows of investor cash as
the arrival of star bond manager Bill Gross came too late to
reverse the trend.

Quarterly profit rose, matching Wall Street estimates. The
stock was up more than 1 percent in premarket trade.

Oct 22, 2014

Putnam’s Salm stays with successful bet on mortgages

BOSTON (Reuters) – U.S. consumers are a better bet than their government, says Putnam Investments’ Michael Salm.

As co-head of the Boston asset manager’s bond unit, Salm has kept portfolios like its $1.7 billion Putnam Income Fund heavily invested in mortgage-backed securities and light on U.S. Treasuries, a successful bet he does not expect to change soon.

Oct 17, 2014

New Eaton Vance stocks chief reorganizes analysts to boost results

BOSTON, Oct 17 (Reuters) – Taking a page from his last job,
Eaton Vance’s new Chief Equity Investment Officer bets that
reorganizing his analysts into new teams will boost performance.

Since joining the Boston company in April from Goldman
Sachs, Edward Perkin has regrouped Eaton Vance’s 27 stock
analysts into teams meant to develop investment ideas that match
the strategies of the firm’s various funds.

Oct 9, 2014

American Funds flows on track to break even – executive

BOSTON, Oct 9 (Reuters) – The stock-heavy American Funds
family is on track to report its first year without big investor
withdrawals since 2008, a top company executive said as improved
performance helped bring money to its actively managed products.

“Year-to-date our flows are about even, and if trends
continue we expect to end the year about even,” said Timothy
Armour, who chairs the management committee of American Funds
parent Capital Group Companies, in a telephone interview on
Wednesday.

Oct 7, 2014

A thousand miles apart, Janus bond chief Smith embraces Bill Gross

BOSTON/NEW YORK, Oct 7 (Reuters) – Before hiring star bond
fund manager Bill Gross last month, Janus Capital Group Inc
Chief Executive Dick Weil took care to check with the
bond chief he already had, Gibson Smith.

Smith said he has embraced the idea, despite concerns in the
industry that Gross may not be enough of a team player. Smith
said on Tuesday he plans to stay at Janus, with his team intact,
after Weil said continuity was important.

    • About Ross

      "I cover mutual funds and the companies that offer them including Fidelity Investments and Legg Mason Inc, plus related topics like retirement savings issues and socially responsible investing. I'm based in Boston and joined Reuters in 2009."
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