Reuters: Financial Services and Real Estate

US money market assets fall in latest week-iMoneyNet

Wed, 16 May 2012 19:14:42 GMT

May 16 (Reuters) - U.S. money market fund assets fell by $10.82 billion to $2.539 trillion in the week ended May 15, the Money Fund Report said on Wednesday.

Coty selects banks for IPO-CNBC

Wed, 16 May 2012 19:11:12 GMT

May 16 (Reuters) - Beauty company Coty Inc has selected JPMorgan Chase & Co and Bank of America to be the underwriters for an initial public offering it plans to price this summer, CNBC reported on Wednesday afternoon, citing sources.

TEXT-S&P cuts Credit Agricole CIB Finance (Guernsey) Ltd

Wed, 16 May 2012 19:07:27 GMT

(The following statement was released by the rating agency)

Calpers launches $500 mln high-tech real estate fund

Wed, 16 May 2012 19:01:36 GMT

SAN FRANCISCO, May 16 (Reuters) - Calpers, the biggest U.S. public pension fund, said on Wednesday it is launching a $500 million real estate fund with GI Partners to invest in technology industry properties in the United States.

TEXT-Fitch affirms Province of Saskatchewan ratings

Wed, 16 May 2012 19:00:06 GMT

(The following statement was released by the rating agency)

TEXT-Fitch may cut HSBC Bank (Uruguay) ratings

Wed, 16 May 2012 18:58:05 GMT

(The following statement was released by the rating agency)

UPDATE 1-Foreclosed Americans find way back to homeownership

Wed, 16 May 2012 18:56:29 GMT

NEW YORK, May 16 (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.

Coatue's Laffont likes Equinix and Virgin Media

Wed, 16 May 2012 18:49:23 GMT

NEW YORK, May 16 (Reuters) - Fund manager Philippe Laffont, whose Coatue Capital Management often likes technology stocks, said on Wednesday that Equinix Inc is a small stock that could pay off big.

UPDATE 1-Greek banks to get bridge recap by next week

Wed, 16 May 2012 18:47:30 GMT

ATHENS, May 16 (Reuters) - Greece's bank support fund will allocate 18 billion euros by next week to the country's four biggest lenders as an interim recapitalisation, its head said on Wednesday.

Italy Microsoft head in pole for CEO position at RCS-sources

Wed, 16 May 2012 18:36:41 GMT

MILAN, May 16 (Reuters) - Pietro Scott Jovane, CEO of the Italian unit of Microsoft, was in pole position to take over as chief executive of Italian media company RCS MediaGroup , two sources close to the matter said on Wednesday.

ON THE MOVE-Raymond James lands broker team from Morgan Stanley

Wed, 16 May 2012 18:36:14 GMT

May 16 (Reuters) - Raymond James Financial Inc said on Wednesday it had hired a team of veteran advisers from Morgan Stanley Smith Barney that managed more than $220 million in client assets.

CANADA STOCKS-TSX rally fizzles as Greek fears mount

Wed, 16 May 2012 18:36:00 GMT

* Touches 2012 low at 11,305.62 as energy, financials weigh

COMPLY-Do the right thing. Then get fired.

Wed, 16 May 2012 18:31:42 GMT

May 16 (Reuters) - Being a compliance officer just got a little riskier, at least for those who work in the heart of America's financial center.

Fund managers reveal "best ideas" at Ira Sohn event

Wed, 16 May 2012 18:19:23 GMT

NEW YORK, May 16 (Reuters) - Larry Robbins, founder of Glenview Capital Management, is bullish on Tenet Healthcare Corp . Meanwhile, Jonathan Kolatch, founder of Redwood Capital Management, is recommending buying Argentine government debt.

Pension protests block Guinea CBG bauxite factory

Wed, 16 May 2012 18:14:07 GMT

CONAKRY, May 16 (Reuters) - A railway occupation by former employees of Guinea's state bauxite company CBG, a joint venture with Alcoa and Rio Tinto, is starving its factory of ore supplies for processing, senior company officials told Reuters on Wednesday.

UPDATE 2-Legg Mason will buy back KKR notes, repurchase more shares

Wed, 16 May 2012 18:07:12 GMT

(Adds comment, detail on KKR, buyback, byline, updates share price)

Fund manager Kolatch likes Argentine debt

Wed, 16 May 2012 18:07:01 GMT

NEW YORK, May 16 (Reuters) - Jonathan Kolatch of $4 billion investment adviser Redwood Capital, is bullish on Argentina's sovereign debt, he said at the annual Sohn Investment Conference in New York on Wednesday.

ICE raises margins for Canola futures

Wed, 16 May 2012 18:05:50 GMT

May 16 (Reuters) - ICE Clear Canada on Wednesday raised margins for trading canola futures, effective close of business on Thursday, May 17.

REFILE-YOUR MONEY-Parents just say 'no' to college tuition

Wed, 16 May 2012 18:02:57 GMT

(Refiled to add clarity to paragraph 1. The author is a Reuters contributor. The opinions expressed are his/her own.)

UPDATE 1-Canada says worried about ECB move on Greek banks

Wed, 16 May 2012 18:02:11 GMT

* Canada concerned by ECB move to cut off some Greek banks

JPMorgan still employs "whale" trader

Wed, 16 May 2012 18:02:03 GMT

May 16 (Reuters) - Bruno Iksil, the London-based JPMorgan Chase & Co trader known as the "whale" believed to have been involved in the company's $2 billion loss in derivatives, is still employed by JPMorgan, a spokeswoman for the bank said on Wednesday.

Hutchison Whampoa go to court to keep Eircom bid alive

Wed, 16 May 2012 17:57:29 GMT

DUBLIN, May 16 (Reuters) - Lawyers for Hutchison Whampoa Ltd made a last ditch attempt to salvage the Hong Kong company's bid for Eircom, the struggling Irish telecoms firm that is to be handed over to its lenders.

Veolia CEO defends utility's overhaul at AGM

Wed, 16 May 2012 17:57:22 GMT

PARIS, May 16 (Reuters) - Veolia Environnement Chairman and Chief Executive Antoine Frerot on Wednesday argued for his plans to overhaul the French utility, asking shareholders to stick with the debt-laden group that should please them again in two years time.

Canada concerned about ECB move on Greek banks

Wed, 16 May 2012 17:32:38 GMT

OTTAWA, May 16 (Reuters) - The European Central Bank's move to stop providing liquidity to some Greek banks is not good news, Canadian Finance Minister Jim Flaherty said on Wednesday.

Greek banks to get bridge recap by next week

Wed, 16 May 2012 17:31:55 GMT

ATHENS, May 16 (Reuters) - Greece's bank support fund will allocate 18 billion euros by next week to the country's four biggest lenders as an interim recapitalisation, its head said on Wednesday.