Opening Bell

  • 10248702_h19685109

    Opening Bell

    Opening Bell: 03.31.14

    Swiss Antitrust Regulator Probes Eight Banks Over Alleged FX-Rigging (Bloomberg) The authorities are examining whether firms colluded to fix foreign-exchange rates, the Bern-based watchdog, also known as Weko, said in a statement today. JPMorgan Chase & Co., Citigroup Inc., Barclays Plc and Royal Bank of Scotland Group Plc are among the other firms being probed, […]

    / Mar 31, 2014 at 9:30 AM
  • bacon

    Opening Bell

    Opening Bell: 03.27.14

    Bad News Drew Citi CEO to Rush Home (WSJ) The phone rang when Michael Corbat was half a world away in South Korea. It was about 6 a.m. Wednesday morning in Seoul, and on the line was a Federal Reserve official, charged with delivering news that left the Citigroup Inc. chief executive in shock and […]

    / Mar 28, 2014 at 7:00 AM
  • ukrainedolphin

    Opening Bell

    Opening Bell: 03.27.14

    S&P wants to split up $5 billion U.S. ratings lawsuit (Reuters) Standard & Poor’s asked a federal judge to split up the U.S. government’s $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such “unmanageable scope” all at […]

    / Mar 27, 2014 at 7:00 AM
  • rex-ryan-wife-tattoo

    Opening Bell

    Opening Bell: 03.26.14

    King Raises $500 Million in ‘Candy Crush’ Maker’s U.S. Offering (Bloomberg) King and shareholders Apax Partners LLP and Index Ventures sold 22.2 million shares for $22.50 each, according to data compiled by Bloomberg, after offering them for $21 to $24. The IPO price values King at $7.09 billion. ECB Mulls Bolder Moves to Guard Against […]

    / Mar 26, 2014 at 7:00 AM
  • This stipple portrait may be second only to the one of a cankle (seen here: )

    Opening Bell

    Opening Bell: 03.25.14

    Loneliness of Kiev Bond Trader Shows Market Was Wiped Out (Bloomberg) Not long ago, Ukraine was one of the hottest spots in emerging markets, posting returns of 24 percent on its dollar-denominated notes in 2012 and luring foreign firms led by Franklin Resources Inc. Those returns turned negative last year as the tug of war […]

    / Mar 25, 2014 at 7:00 AM
  • bill-ackman

    Opening Bell

    Opening Bell: 03.24.14

    Ackman’s Pershing Near Break Even on Losing Herbalife Bet (Bloomberg) Bill Ackman is close to breaking even on his wager against Herbalife Ltd. (HLF), a trade by his Pershing Square Capital Management LP that he last month called its biggest loser, after the stock plunged following disclosure of a U.S. Federal Trade Commission investigation. Herbalife […]

    / Mar 24, 2014 at 7:00 AM
  • mcdonalds-fries

    Opening Bell

    Opening Bell: 03.21.14

    Icahn may add reps to Herbalife board but won’t add to stake (NYP) The billionaire investor was approached by Herbalife after it learned it was the subject of a regulatory probe and asked him to add more of his people to the board, according to sources. While Herbalife said in a regulatory filing that talks […]

    / Mar 21, 2014 at 7:00 AM
  • amish-wagon-opt

    Opening Bell

    Opening Bell: 03.20.14

    French Court Upholds Prison Sentence for Rogue Trader at Société Générale (WSJ) PARIS—France’s highest appeals court on Wednesday said former Société Générale trader Jérôme Kerviel must serve the three-year prison sentence handed to him for his wayward bets but it overturned an award of €4.9 billion ($6.37 billion) in civil damages that was to be […]

    / Mar 20, 2014 at 7:00 AM
  • david-tepper_281025s

    Opening Bell

    Opening Bell: 03.19.14

    Short Sellers Target Chinese Developers as Rout Deepens (Bloomberg) Short interest in Evergrande Real Estate Group Ltd. (3333), the nation’s fourth-largest developer by market value, was at 8.4 percent of shares outstanding on March 17, up from 3.2 percent a year ago, according to data compiled by Bloomberg and Markit Group Ltd. It touched a […]

    / Mar 19, 2014 at 7:00 AM
  • William_Shakespeare_1609

    Opening Bell

    Opening Bell: 03.18.14

    Wall Street Trains Fire on Idea of a Bank Tax (WSJ) Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and other big banks are marshaling opposition on Capitol Hill to kill a proposal by House Ways and Means Committee Chairman Dave Camp (R., Mich.) to tax the nation’s […]

    / Mar 18, 2014 at 9:30 AM
  • jeromekerviel

    Opening Bell

    Opening Bell: 03.17.14

    New York Strips London of Mantle as World’s Top Financial Center (Bloomberg) New York replaced London as the world’s leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York holds the top spot in the latest […]

    / Mar 17, 2014 at 7:00 AM
  • jonathan

    Opening Bell

    Opening Bell: 03.13.14

    Goldman Sachs Sees Bitcoin Future in Payments Over Money (Bloomberg) Goldman Sachs Group Inc. analysts see Bitcoin as an innovative payments technology while doubting that it will evolve into a true alternative currency, according to a research report released today. In the report, titled “All About Bitcoin,” the researchers write that they examined multiple views […]

    / Mar 13, 2014 at 7:00 AM
  • billackmanpershingsquare

    Opening Bell

    Opening Bell: 03.12.14

    Ackman Says Investigation Finds Herbalife Violates Chinese Laws (Bloomberg) Billionaire Bill Ackman, renewing his attack on the nutrition and weight-loss company Herbalife Ltd., said its investigation into the business’s Chinese operations found that they violate direct-selling laws. Ackman’s firm, Pershing Square Capital Management LP, hired OTG Research to evaluate Herbalife within China, he said yesterday […]

    / Mar 12, 2014 at 7:00 AM
  • catattack

    Opening Bell

    Opening Bell: 03.11.14

    Hedge funds look to put strategies into ETFs to lure more investors (Reuters) More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees. That is a tradeoff many managers of […]

    / Mar 11, 2014 at 7:00 AM
  • billgrosspimco

    Opening Bell

    Opening Bell: 03.07.14

    Exclusive: Pimco’s Gross declares El-Erian is ‘trying to undermine me’ (Reuters) Gross told Reuters that he had “evidence” that El-Erian “wrote” a February 24 article in the Journal, which described the worsening relationship between the two men as Pimco’s performance deteriorated last year, including a showdown in which they squared off against each other in […]

    / Mar 7, 2014 at 7:00 AM
  • 20091031sandwich-italian

    Opening Bell

    Opening Bell: 03.06.14

    ECB set to act against low inflation, hold fire on bolder steps (Reuters) The ECB currently “sterilizes” money it puts into the system though bond purchases by withdrawing other money to offset the effect. Stopping this would mean more money available for lending. The step is easier to swallow for the Bundesbank, Germany’s conservative central […]

    / Mar 6, 2014 at 7:00 AM
  • billgrosspimco

    Opening Bell

    Opening Bell: 03.05.14

    Ballmer Says Microsoft a ‘Two-Trick Pony,’ Working on Third (Bloomberg) “You’re pretty genius in our business if you’re a one-trick pony,” Ballmer said. “In our company, I’m very proud of the fact that we’ve done at least two tricks. Tricks are worth billions and billions of dollars.” Pimco Gets Brush Off Close To Home (WSJ) […]

    / Mar 5, 2014 at 7:00 AM
  • bitcoins

    Opening Bell

    Opening Bell: 03.04.14

    Singapore named the world’s most expensive city (BBC) Singapore has topped 131 cities globally to become the world’s most expensive city to live in 2014, according to the Economist Intelligence Unit (EIU). The city’s strong currency combined with the high cost of running a car and soaring utility bills contributed to Singapore topping the list. […]

    / Mar 4, 2014 at 7:00 AM

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