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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

By Jennifer Ablan NEW YORK (Reuters) – In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross on a high-profile investor panel. Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable.

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in

By David Randall NEW YORK (Reuters) – Major U.S. growth mutual funds have been among the largest sellers of Apple Inc shares over the past six months, fueling speculation that the company’s days of supercharged growth have come to an end. Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth & Income Fund has sold all of its 1.7 million Apple …

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Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in

Wal-Mart pulls plug on smallest stores, shuts 269 locations

The move includes Wal-Mart's largest-ever single culling in the United States, where the company is closing 154 stores. The world's largest retailer said it hoped to transfer many of the 10,000 U.S. and 6,000

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Wal-Mart pulls plug on smallest stores, shuts 269 locations

Lower legal bill boosts Citi profit but core revenue weak

Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business. Shares of Citi, which was displaced by Wells Fargo & Co as the No.3 U.S. bank by assets, fell as much as 7.2 percent to a near three-year low of $42.11 on Friday. Most banks have resorted to aggressive

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Lower legal bill boosts Citi profit but core revenue weak

Raft of weak U.S. data points to sharply slower growth

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy …

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Raft of weak U.S. data points to sharply slower growth

Oil plunges below $29 on prospects of more Iranian crude, China worries

World oil prices slumped more than 6 percent to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. The slump was not over yet, some analysts warned, as the lifting of sanctions on Iran opens the door to a wave of new oil. …

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Oil plunges below $29 on prospects of more Iranian crude, China worries

GE moving headquarters to Boston for tech talent, tax cut

By Alwyn Scott NEW YORK (Reuters) – General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city's technology talent and likely lowering its tax bill as the industrial conglomerate seeks to lift profit and emphasize digital capabilities. “We want to be at the center of an ecosystem that shares our aspirations” as a leader in digital-

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GE moving headquarters to Boston for tech talent, tax cut

Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial

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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

Chipotle ‘confident’ it can stop outbreaks, shares rise

By Lisa Baertlein and Noel Randewich LOS ANGELES/SAN FRANCISCO (Reuters) – Chipotle Mexican Grill Inc executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent…

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Chipotle ‘confident’ it can stop outbreaks, shares rise

Brent falls to another 12-year low on oversupply gloom

By Aaron Sheldrick TOKYO (Reuters) – Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent. West Texas Intermediate (WTI) erased

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Brent falls to another 12-year low on oversupply gloom

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