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Allergan reaches truce with suitors on special shareholder meeting
By Reutes
09/16/2014 5:17:13 PM ET

LAVAL, Quebec (Reuters)—Allergan Inc. has agreed not to throw up any roadblocks to a special shareholder meeting on Dec. 18, giving Pershing Square Capital Management a chance to attempt its threatened replacement of Allergan board members.
U.S. court mostly upholds CFTC's cross-border rules on swaps
By Reuters
09/16/2014 4:02:24 PM ET

WASHINGTON (Reuters)—A court on Tuesday [Sept. 15] largely rejected a challenge from banking groups to the way the U.S. swaps regulator applies its rules overseas, a hotly debated issue as it reins in the $710 trillion global market.
European banking job numbers drop a further 21,000 in first half
By Reuters
09/16/2014 3:39:42 PM ET

LONDON (Reuters)—The banking sector's long and painful restructuring accounted for a further 1.2 percent fall in staff numbers at Europe's biggest lenders in the first half of the year, data compiled by Reuters shows, with little prospect of an upturn any time soon.
Darden counters in battle over salted water, pasta and breadsticks
By Reuters
09/16/2014 2:47:22 PM ET

ORLANDO, Fla. (Reuters)—Darden Restaurants Inc. shot back with a presentation of its own after a large shareholder offered up pasta recipes to help it revive a slump in sales and blamed unlimited salad and breadsticks at its restaurants for high food wastage.
CalPERS dumps hedge funds citing cost, to pull $4 billion stake
By Reuters
09/16/2014 2:16:33 PM ET

SACRAMENTO, Calif. (Reuters)—The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday [Sept. 15] that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.
Ex-Amaranth trader to pay $750,000 to settle U.S. agency's manipulation claims
By Reuters
09/16/2014 12:42:29 PM ET

Editor's note: This version of the story corrects the third paragraph to make clear the trading ban is for the settlement period of the expiration day, and that the ban also includes natural gas futures and options contracts. It also adds court approval in the fifth paragraph.
Growing foreign fund influence a risk for emerging markets: BIS
By Reuters
09/15/2014 12:29:59 PM ET

LONDON (Reuters)—The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behavior that can exacerbate asset price fluctuations, a BIS report said on Sunday [Sept. 14].
Investigators turn bankers into informants in forex probe: report
By Reuters
09/15/2014 12:24:36 PM ET

NEW YORK (Reuters)—U.S. investigators have turned several bank employees into informants to gather evidence against some of their colleagues in the probe of possible manipulation of currency markets, The Wall Street Journal reported, citing people familiar with the matter.
Good corporate governance leads to higher stock gains: study
By Reuters
09/15/2014 12:18:09 PM ET

LONDON (Reuters)—Good corporate governance and a focus on environmental and social issues by companies lead to higher share price performance, according to a new study released on Monday [Sept. 15].
Hedge funds say Ann Inc. could be worth $65 per share in potential sale
By Reuters
09/15/2014 12:04:41 PM ET

NEW YORK (Reuters)—Hedge funds Red Alder LLC and Engine Capital again urged Ann Inc. to consider a sale to a private equity firm or another apparel company, stepping up pressure on the women's retailer to improve its performance.
Ackman's Pershing Square plans $2 billion Amsterdam fund listing
By Reuters
09/15/2014 11:12:00 AM ET

AMSTERDAM/LONDON (Reuters)—Pershing Square Holdings, a fund managed by activist investor William Ackman, hopes to raise $2 billion from a listing on the Euronext Amsterdam stock exchange, the company said in a statement on Monday [Sept. 15].
Labor pension adviser CtW seeks details from Walgreen
By Reuters
09/12/2014 8:03:59 PM ET

BOSTON (Reuters) - CtW Investment Group, an adviser to union pension funds, called on Walgreen Co. to provide more details about a change in projected earnings and questioned the U.
Puerto Rico to issue $900 million in notes over next 30 days
By Reuters
09/12/2014 7:50:53 PM ET

NEW YORK (Reuters) - Puerto Rico will aim to sell $900 million in tax and revenue anticipation notes in the next 30 days to meet near-term cash needs, a source familiar with the matter said on Friday [Sept.12].
RadioShack mulls $585 million financing package from UBS, Standard General: report
By Reuters
09/12/2014 7:36:50 PM ET

FORT WORTH (Reuters) - RadioShack Corp. is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, The Wall Street Journal reported, citing people familiar with the matter.
Darden posts loss amid growing pressure from investor Starboard
By Reuters
09/12/2014 12:43:42 PM ET

ORLANDO, Fla. (Reuters)—Olive Garden owner Darden Restaurants Inc. on Friday [Sept. 12] reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's release of its revised plan to boost Darden's profit and stock price.
Carl Icahn's son Brett scraps plans to launch hedge fund management firm
By Reuters
09/12/2014 12:22:33 PM ET

NEW YORK (Reuters)—Billionaire investor Carl Icahn's son, Brett Icahn, has scrapped plans to start his own hedge fund firm and will continue staying with his father's firm, a source familiar with the situation told Reuters on Thursday [Sept. 11].
Icahn wins three board seats at Hertz, shares jump
By Reuters
09/12/2014 12:01:28 PM ET

BOSTON (Reuters)—Billionaire investor Carl Icahn, who has built his reputation on rebuilding companies, won three board seats at Hertz Global Holdings on Thursday [Sept. 11], sending the car rental company's stock price higher in after-hours trading.
Investors boost hedge fund holdings in August: data
By Reuters
09/12/2014 12:02:23 AM ET

LONDON (Reuters) - Hedge fund investors added more cash than they redeemed from the asset class in September, following performance gains during August, new data showed on Thursday [Sept. 11].
Argentina's Congress passes debt restructuring law with eye on next payment
By Reuters
09/11/2014 12:59:42 PM ET

Editor's note: This version of the story has been updated throughout. BUENOS AIRES (Reuters)—Argentina's Congress on Thursday [Sept. 11] passed a new bill designed to enable the government to resume debt payments to bondholders in defiance of a U.
Allergan investors owning 35 percent to demand special meeting: sources
By Reuters
09/11/2014 1:20:29 PM ET

NEW YORK (Reuters)—Billionaire William Ackman has signed up Allergan investors who combined own at least 35 percent of the company to call a special shareholder meeting, according to people familiar with the matter, giving the hedge fund manager a victory in his fight to acquire the Botox maker. Ackman, whose Pershing Square Capital Management is Allergan's largest shareholder with a 9.

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