BOSTON, May 22 (Reuters) – U.S. investors searching
desperately for higher yields are piling into Africa’s emerging
bond markets but may not be getting paid enough for the chaos
and uncertainty still stalking sub-Saharan countries, some
portfolio managers said.

Emerging market debt funds have outperformed nearly every
other bond fund category over the past several years, drawing a
flood of investors seeking higher yields. That has allowed
issuers to flood the market with new dollar-denominated bonds at
ever lower yields that may not compensate investors for the risk
of future defaults.

BOSTON (Reuters) – When investors unloaded their shares in Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research, Stock Buzz) last year, the computer giant’s rank-and-file did the opposite. They bought nearly four times as much stock as they did in the previous year despite a raft of bad news.

It was a smart bet, and outside investors would have done even better than the insiders had they followed employees into the stock.

BOSTON, May 15 (Reuters) – When investors unloaded their
shares in Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) last year, the computer
giant’s rank-and-file did the opposite. They bought nearly four
times as much stock as they did in the previous year despite a
raft of bad news.

It was a smart bet, and outside investors would have done
even better than the insiders had they followed employees into
the stock.

BOSTON (Reuters) – Fidelity Investments and hedge fund Baupost Group LLC got a lift on Monday from their investment in Theravance Inc (THRX.O: Quote, Profile, Research, Stock Buzz) after the U.S.-based biopharmaceutical company agreed to a $1 billion royalty deal with Irish drugmaker Elan (ELN.I: Quote, Profile, Research, Stock Buzz).

Fidelity and Baupost are two of the largest shareholders in Theravance, whose shares rose 13 percent to $39.62 in early Monday trading on Nasdaq. Since early April, Theravance shares have surged nearly 70 percent, including Monday’s gains.

BOSTON (Reuters) – The teenager accused of lying to FBI agents in the Boston Marathon bombing case was freed on $100,000 bail on Monday pending a later trial date, and investigators said bomb fragments suggest they were less sophisticated than homemade ones used by insurgents.

While out on bail, Robel Phillipos will be under the custody of his mother and must wear a GPS bracelet, U.S. Magistrate Judge Marianne Bowler ordered in federal court in Boston. The $100,000 bail for the 19-year-old was secured by real estate put up by a third party, the judge said.

BOSTON (Reuters) – Prosecutors have agreed that a teenager suspected of lying to FBI agents in the Boston Marathon bombing investigation can be released while awaiting trial, according to a court filing on Monday.

Prosecutors and the defense team for Robel Phillipos plan to ask U.S. Magistrate Judge Marianne Bowler to grant the 19-year-old a pretrial release under strict conditions. The court has not yet ruled on the joint motion. Phillipos was expected to appear at 2 p.m. hearing Monday (1700 GMT) in Boston.

BOSTON, May 3 (Reuters) – When Vanguard Group launches its
first foreign bond fund next month, the No. 1 U.S. mutual fund
company will be a latecomer to a party already well attended by
rivals.

But Vanguard won’t necessarily be too late with the launch
of its Total International Bond Index Fund and Emerging Markets
Bond Fund. The funds will have Vanguard’s signature rock-bottom
fees in a market where investor demand remains strong.

BOSTON (Reuters) – Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz), cut his stake in the iPhone maker 12 percent in the first quarter and cited “heightened concern” about increasing competition.

“Given our heightened concern surrounding the increased competition Apple was facing, we continued to trim our stake in the company during the period,” Danoff said in a first-quarter overview of the $92 billion Contrafund FCNTX.O.

BOSTON, April 26 (Reuters) – Boston Marathon bombing suspect Dzhokhar Tsarnaev has been moved to a prison medical center from the hospital where he had been held since his arrest a week ago while recovering from gunshot wounds, U.S. officials said on Friday.

The 19-year-old ethnic Chechen, wounded in a night-time shootout with police on April 18 hours after authorities released pictures of him and his older brother as suspects, was formally charged on Monday and could face the death penalty if convicted. His brother, Tamerlan Tsarnaev, 26, died in the shootout.

WASHINGTON/BOSTON (Reuters) – The two men accused of carrying out last week’s bombing of the Boston Marathon planned a second bomb attack on New York’s Times Square, according to law enforcement and national security sources.

The sources said brothers Tamerlan and Dzhokhar Tsarnaev’s original intent when they hijacked a car and its driver in Boston last Thursday night was to drive to New York with seven bombs and detonate them, but their plan fell apart when they became embroiled in a shootout with police.